News & Videos - COMMERCIAL METALS CO.

CMC Reports Second Quarter Fiscal 2024 Results PR Newswire IRVING, Texas, March 21, 2024 Second quarter net earnings of $85.8 million , or $0.73 per diluted share Consolidated core EBITDA of $224.4 million ; core EBITDA margin of 12.1% Downstream contract awards rebounded to the highest quarterly level in nearly two years, signaling strength in the pipeline ahead of the upcoming construction season North America and Europe Steel Groups achieved meaningful year-over-year improvements in...

CMC Announces a 13% Increase In Quarterly Dividend PR Newswire IRVING, Texas, March 20, 2024 IRVING, Texas , March 20, 2024 /PRNewswire/ -- Today, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock, an increase of $0.02 , or 13%, from the dividend paid in February 2024 . CMC's 238th consecutive quarterly dividend will be paid on April 10, 2024, to stockholders of record as of...

CMC Publishes 2023 Sustainability Report PR Newswire IRVING, Texas, Dec. 18, 2023 IRVING, Texas , Dec. 18, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today published its Sustainability Report for fiscal 2023, showcasing the Company's key role in the circular economy and its industry-leading environmental performance. Today's publication, which can be found on CMC's sustainability website (esg.cmc.com), reaffirms CMC's commitment to transparent and regular...

CMC Announces Changes to Segment Reporting PR Newswire IRVING, Texas, Dec. 14, 2023 IRVING, Texas , Dec. 14, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that beginning with its first quarter of fiscal 2024, the Company will report financial results reflecting a realigned reporting structure, with three reportable segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group. North America Steel Group is primarily...

Commercial Metals Company Announces Fourth Quarter Fiscal 2023 Conference Call Webcast Details PR Newswire IRVING, Texas, Sept. 12, 2023 IRVING, Texas , Sept. 12, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its fourth quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 12, 2023 , at 11:00 a.m. Eastern Time ( 10:00 a.m. Central) with Barbara Smith , Executive...

Commercial Metals Company Supports a Global Standard to Measure and Report Carbon Emissions PR Newswire IRVING, Texas, Aug. 3, 2023 IRVING, Texas , Aug. 3, 2023 /PRNewswire/ -- As a founding member of the Global Steel Climate Council (GSCC), Commercial Metals Company (NYSE: CMC) ("CMC") is proud to support today's release of The Steel Climate Standard, a global standard to measure and report steel carbon emissions. The Standard provides a clear path to achieving emissions targets as laid out by...

Commercial Metals Company Receives Permit Allowing for Construction of Fourth Micro Mill PR Newswire IRVING, Texas, July 18, 2023 IRVING, Texas , July 18, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced that the West Virginia Department of Environmental Protection has granted it a permit that allows CMC to commence construction of its fourth technologically advanced micro mill. "Receiving this permit is an important milestone in our Steel West Virginia micro...

Commercial Metals Company Acquires EDSCO Fasteners LLC PR Newswire IRVING, Texas, July 13, 2023 IRVING, Texas , July 13, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced the purchase of EDSCO Fasteners LLC ("EDSCO"), a leading provider of anchoring solutions for the electrical transmission market, from MiddleGround Capital. EDSCO's custom engineered line of anchor cages, bolts, and fasteners are manufactured principally from rebar and used primarily to secure...

Commercial Metals Company Announces Leadership Succession Plan PR Newswire IRVING, Texas, July 10, 2023 Barbara R. Smith to Retire as Chief Executive Officer, Effective September 1, 2023 ; Will Continue as Chairman of the Board Peter R. Matt , President, Appointed Chief Executive Officer and President, Effective September 1, 2023 IRVING, Texas , July 10, 2023 /PRNewswire/ -- The Board of Directors of Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") announced today that Barbara R....

Commercial Metals Company Reports Third Quarter Fiscal 2023 Results PR Newswire IRVING, Texas, June 22, 2023 Third quarter net earnings of $234.0 million , or $1.98 per diluted share, increased 30% from the previous quarter Core EBITDA of $391.7 million increased 29% sequentially North America segment adjusted EBITDA grew sequentially and year-over-year, driven by strong business activity and ongoing cost improvement North America new project bid volumes increased by a double-digit percentage...

Commercial Metals Company Announces Quarterly Dividend of $0.16 Per Share PR Newswire IRVING, Texas, June 21, 2023 IRVING, Texas , June 21, 2023 /PRNewswire/ -- Today, June 21, 2023, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.16 per share of CMC common stock. CMC's 235th consecutive quarterly dividend will be paid on July 12, 2023, to stockholders of record as of the close of business on July 3, 2023. About Commercial...

Commercial Metals Company Announces Third Quarter Fiscal 2023 Conference Call Webcast Details PR Newswire IRVING, Texas, May 22, 2023 IRVING, Texas , May 22, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its third quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, June 22, 2023 , at 11:00 a.m. Eastern Time ( 10:00 a.m. Central) with Barbara Smith , Chairman and CEO,...

Commercial Metals Company Acquires Geogrid Manufacturing Plant PR Newswire IRVING, Texas, May 1, 2023 IRVING, Texas , May 1, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced it has acquired a geosynthetics manufacturing facility from BOSTD – America. The facility, located in Blackwell, Oklahoma , currently produces several product lines for Tensar Geogrid under a contract manufacturing arrangement. This acquisition will not immediately increase Tensar's...

Commercial Metals Company Supports Global Standard to Measure and Report Carbon Emissions PR Newswire IRVING, Texas, April 26, 2023 IRVING, Texas , April 26, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") is proud to be a founding member of the Global Steel Climate Council (GSCC), an international coalition of steel producers and stakeholders spearheading the steel industry toward reducing emissions. Today, the GSCC released a draft of The Steel Climate Standard, a global...

Commercial Metals Company Reports Second Quarter Fiscal 2023 Results PR Newswire IRVING, Texas, March 23, 2023 Second quarter net earnings of $179.8 million , or $1.51 per diluted share Core EBITDA of $302.8 million Volume and value of North America downstream backlog near all-time highs Project bid volumes grew by a double-digit percentage year-over-year , signaling strength in upcoming construction season Arizona 2 project start-up on target; expected to begin production in the spring of 2023...

Commercial Metals Company Announces Quarterly Dividend of $0.16 Per Share PR Newswire IRVING, Texas, March 22, 2023 IRVING, Texas , March 22, 2023 /PRNewswire/ -- Yesterday, March 21, 2023, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.16 per share of CMC common stock. CMC's 234th consecutive quarterly dividend will be paid on April 12, 2023, to stockholders of record as of the close of business on April 3, 2023. About...

Commercial Metals Company Acquires Tendon Systems, LLC PR Newswire IRVING, Texas, March 20, 2023 IRVING, Texas , March 20, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced the acquisition of Tendon Systems, LLC ("Tendon"), a leading provider of post-tensioning, barrier cable, and concrete restoration solutions to the Southeastern United States . Tendon's products and services are used in a variety of construction types, including multi-family residential,...

COMMERCIAL METALS COMPANY ACQUIRES TENNESSEE METAL RECYCLING COMPANY PR Newswire IRVING, Texas, March 3, 2023 IRVING, Texas , March 3, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced it has acquired all the assets of metal recycling company Roane Metals Group LLC (" Roane "). Roane is capable of processing approximately 85,000 tons of ferrous and non-ferrous materials annually at its two facilities located in Tennessee . The majority of volumes relate to...

Commercial Metals Company Announces Second Quarter Fiscal 2023 Conference Call Webcast Details PR Newswire IRVING, Texas, Feb. 23, 2023 IRVING, Texas , Feb. 23, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 23, 2023 , at 11:00 a.m. Eastern Time ( 10:00 a.m. Central) with Barbara Smith , Chairman,...

Commercial Metals Company Announces Appointment of Peter Matt as President PR Newswire IRVING, Texas, Feb. 16, 2023 IRVING, Texas , Feb. 16, 2023 /PRNewswire/ -- The Board of Directors of Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that, as part of the Company's succession plan, the Board has appointed Peter R. Matt as President, effective as of April 1, 2023 , succeeding Barbara R. Smith who will remain Chairman and Chief Executive Officer of the Company. Mr....