Welcome to our dedicated page for Commercial Metals Co news (Ticker: CMC), a resource for investors and traders seeking the latest updates and insights on Commercial Metals Co stock.
Commercial Metals Company (CMC) provides steel products and recycling solutions for global construction markets. This page aggregates official CMC news and press releases, offering stakeholders a centralized resource for tracking corporate developments.
Access timely updates on earnings reports, strategic initiatives, and sustainability efforts, including innovations like micro mill expansions. The curated collection spans operational milestones, regulatory compliance updates, and market positioning changes.
Key content categories include financial performance disclosures, acquisition announcements, and progress reports on the TAG efficiency program. Bookmark this page for streamlined access to CMC's evolving role in sustainable steel production and infrastructure development.
Commercial Metals Company (NYSE: CMC) has been honored with the Obelisk Award for Arts Education by the Business Council for the Arts (BCA), recognizing its extraordinary support of arts and culture in North Texas.
The recognition stems from CMC's 46-year-running initiative 'Scrap Can Be Beautiful', a partnership with Booker T. Washington School for the Performing and Visual Arts. The program combines arts education with sustainability by having students create sculptures from metal scrap materials donated by CMC's local recycling yard.
Commercial Metals Company (NYSE: CMC) has appointed Dawne S. Hickton to its Board of Directors, effective October 14, 2025. Hickton, currently serving as Chair, CEO, and President of Cumberland Additive, Inc., brings over three decades of leadership experience in metals and technical services industries.
The appointment expands CMC's board from nine to ten directors, with nine independent members. Hickton will serve on the Audit and Finance Committees. Her extensive experience includes previous roles as Executive VP at Jacobs Solutions Inc. and CEO of RTI International Metals, Inc., demonstrating strong expertise in metals manufacturing and aerospace industries.
Commercial Metals Company (NYSE: CMC) has announced its upcoming third quarter fiscal 2025 earnings conference call, scheduled for Monday, June 23, 2025, at 11:00 a.m. Eastern Time. The call will feature Peter Matt, President and CEO, and Paul Lawrence, Senior VP and CFO. Investors can access the webcast in listen-only mode through CMC's website at www.cmc.com.
CMC operates primarily in the United States and Central Europe, providing innovative solutions and products for the global construction sector's reinforcement needs, serving various applications including infrastructure, non-residential, residential, industrial, and energy projects.
Commercial Metals Company (NYSE: CMC) has successfully closed a tax-exempt bond financing deal worth $150.0 million through the West Virginia Economic Development Authority (WVEDA). The Solid Waste Disposal Facilities Revenue Bonds will bear interest at 4.625% per annum and mature in 2055. The proceeds will finance the construction of solid waste disposal facilities in Berkeley County, West Virginia.
Under the agreement, CMC will be responsible for semiannual interest payments and principal repayment upon maturity or earlier redemption. The company, which operates primarily in the United States and Central Europe, provides reinforcement solutions for the global construction sector, focusing on infrastructure, non-residential, residential, industrial, and energy projects.
Commercial Metals Company (NYSE: CMC) has announced plans to launch a $150 million tax-exempt bond financing through the West Virginia Economic Development Authority (WVEDA) to partially fund a new steel mill project in Berkeley County, West Virginia.
The total investment in the facility is expected to range between $550-600 million, with additional financial support including $75 million in government assistance from WVEDA and approximately $80 million in tax credits under the Inflation Reduction Act. The bonds will be issued as special obligations of WVEDA, with CMC's obligations being senior unsecured obligations.
The project involves the construction of solid waste disposal facilities, with the bonds being exempt from registration under the Securities Act of 1933. CMC, primarily operating in the United States and Central Europe, provides reinforcement solutions for the global construction sector.
Commercial Metals Company (NYSE: CMC) has been recognized on USA TODAY's America's Best Climate Leaders list for 2025, marking its second consecutive year receiving this distinction. The award, presented by USA TODAY and Statista Inc., acknowledges U.S.-based companies demonstrating exceptional environmental performance and consistent emissions intensity reduction.
Peter R. Matt, President and CEO, highlighted CMC's position as an industry leader in sustainable steelmaking, producing some of the world's greenest steel. The company primarily operates through a manufacturing network across the United States and Central Europe, providing reinforcement solutions for the global construction sector, including infrastructure, non-residential, residential, industrial, and energy projects.
Commercial Metals Company (CMC) reported second quarter fiscal 2025 results with net earnings of $25.5 million, or $0.22 per diluted share, compared to $85.8 million in the prior year. Adjusted earnings were $29.3 million ($0.26 per share), down from $85.9 million ($0.73 per share) year-over-year.
Key highlights include:
- Consolidated core EBITDA of $131.0 million with 7.5% margin
- 3.3% increase in finished steel shipments in North America
- Europe Steel Group achieved adjusted EBITDA breakeven
- Cash and cash equivalents of $758.4 million with available liquidity of $1.6 billion
- Repurchased 906,603 shares valued at $48.0 million
- Declared quarterly dividend of $0.18 per share
The company expects Q3 fiscal 2025 results to rebound, with improved seasonal demand and margins in North America, while Europe operations should maintain near breakeven performance.