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Commercial Metals Co. - CMC STOCK NEWS

Welcome to our dedicated news page for Commercial Metals Co. (Ticker: CMC), a resource for investors and traders seeking the latest updates and insights on Commercial Metals Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Commercial Metals Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Commercial Metals Co.'s position in the market.

News
CMC Reports Second Quarter Fiscal 2024 Results
Rhea-AI Summary
Commercial Metals Company (CMC) reported strong financial results in Q2 with net earnings of $85.8 million and core EBITDA of $224.4 million. Downstream contract awards rebounded, and North America and Europe Steel Groups improved cost performance. CMC announced a quarterly dividend increase of 13% and maintained a strong balance sheet with $638.3 million in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.34%
Tags
earnings
-
News
CMC Announces a 13% Increase In Quarterly Dividend
Rhea-AI Summary
Commercial Metals Company (CMC) has declared a 13% increase in its regular quarterly cash dividend to $0.18 per share, showcasing confidence in its financial position and business outlook. The 238th consecutive dividend will be paid on April 10, 2024, benefiting stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.77%
Tags
dividends
-
News
CMC Announces Second Quarter Fiscal 2024 Conference Call Webcast Details
Rhea-AI Summary
Commercial Metals Company (CMC) announces its second quarter earnings release for fiscal 2024 along with a conference call featuring top executives Peter Matt and Paul Lawrence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
earnings
News
CMC Announces Appointment of Dennis V. Arriola to Board of Directors
Rhea-AI Summary
Commercial Metals Company (NYSE: CMC) appoints Dennis V. Arriola, a seasoned professional with over 40 years of experience in the energy industry, to its Board of Directors. Arriola's background includes leadership roles at Avangrid, Inc., Sempra, and SunPower Corporation, bringing valuable insights to CMC's sustainability efforts and global expansion. His appointment increases the board to ten members, with a focus on enhancing the company's reinforcement solutions for construction markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
management
-
News
CMC Announces Increase to its Existing Share Repurchase Program
Rhea-AI Summary
Commercial Metals Company (CMC) announced an increase of $500 million to its existing common stock repurchase program, bringing the aggregate capacity to $850 million. Approximately $310 million of the Company's common stock has been repurchased since October 2021. The move reflects a well-balanced capital allocation strategy supported by strong earnings capability and cash flow profile. CMC intends to repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
buyback
-
News
CMC To Be Featured In Season Two of National Docuseries "REPURPOSED"
Rhea-AI Summary
Commercial Metals Company (CMC) (NYSE: CMC) to be featured in Season Two of REPURPOSED, a travel-adventure docuseries premiering on January 10, 2024. The series, available on Amazon Prime Video and YouTube, highlights CMC's role in the construction industry, sustainable steelmaking processes, and advanced technologies. The program features interviews with CMC's executive leadership team and experts from across the CMC family.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
none
News
CMC Reports First Quarter Fiscal 2024 Results
Rhea-AI Summary
Commercial Metals Company (NYSE: CMC) announced first-quarter net earnings of $176.3 million, or $1.49 per diluted share, with consolidated core EBITDA of $325.3 million and free cash flow of $194.1 million. Despite a decrease in net sales compared to the prior year, the company remains optimistic about future growth and shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.49%
Tags
earnings
-
News
CMC Announces Quarterly Dividend of $0.16 Per Share
Rhea-AI Summary
Commercial Metals Company (CMC) Declares Regular Quarterly Dividend of $0.16 per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
dividends
-
News
CMC Publishes 2023 Sustainability Report
Rhea-AI Summary
Commercial Metals Company (NYSE: CMC) published its Sustainability Report for fiscal 2023, reaffirming its commitment to transparent and regular reporting. The report showcases the Company's key role in the circular economy and its industry-leading environmental performance. It includes a climate risk assessment and expanded commentary regarding the Company's environmental, social and governance ('ESG') management systems. The report also highlights the links between core business drivers and CMC's ESG priorities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
none
News
CMC Announces Changes to Segment Reporting
Rhea-AI Summary
Commercial Metals Company (NYSE: CMC) will implement a realigned reporting structure with three reportable segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group, to better reflect the evolving solutions offerings and the growing importance of non-steel solutions to the company's financial results and future outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
none
Stock CMC logo
Commercial Metals Co.

NYSE:CMC

CMC Rankings

#1072 Ranked by Market Cap
#2549 Ranked by Stock Gains
#1677 Ranked by Dividends

CMC Stock Data

6.39B
114.69M
0.73%
88.95%
2.09%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
US
Irving

About CMC

at cmc, we firmly believe that our people are the key to our success. our energetic and entrepreneurial spirit has enabled us to remain a leader in the metals industry for over 100 years, and we believe our success is a direct result of the contributions and work ethic of the most talented work force in the industry. we take pride in recruiting and developing the best talent for every facet of our business and encourage that each job is done the right way - correct, consistent and safe. the safety and well-being of our employees is our number one priority. learn more about the cmc family and discover the world of possibilities that awaits when you have a career with a spark!