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 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.
Commercial Metals Company (NYSE: CMC) has declared its 242nd consecutive quarterly cash dividend of $0.18 per share of common stock. The dividend will be paid on April 9, 2025, to stockholders of record as of March 31, 2025.
CMC operates primarily in the United States and Central Europe, providing innovative solutions for the global construction sector's reinforcement needs. The company's products and technologies support early-stage construction across various applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission projects.
Commercial Metals Company (NYSE: CMC) has been named one of America's Greatest Workplaces for Women 2025 by Newsweek. The recognition follows a comprehensive study conducted by Newsweek and Plant-A Insights Group, involving interviews with over 215,000 female employees and analysis of 2.2 million company reviews across the United States.
The assessment evaluated multiple workplace factors including leadership, integrity, work-life balance, and compensation. CMC's President and CEO Peter R. Matt emphasized the company's commitment to fostering an inclusive culture where women and all employees can thrive and succeed.
CMC operates primarily in the United States and Central Europe, providing innovative solutions and technologies for the global construction sector's reinforcement needs, serving infrastructure, non-residential, residential, industrial, and energy projects.
Commercial Metals Company (NYSE: CMC) has announced its second quarter fiscal 2025 earnings conference call details. The call will be broadcast live over the Internet on Thursday, March 20, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central).
The presentation will feature Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. 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 generation and transmission projects.
Commercial Metals Company (CMC) reported Q1 fiscal 2025 results with a net loss of ($175.7) million, or ($1.54) per diluted share, primarily due to a $265.0 million litigation expense. Excluding this charge, adjusted earnings were $88.5 million ($0.78 per share), down from $176.3 million ($1.49 per share) in the prior year.
The company generated consolidated core EBITDA of $210.7 million with an 11.0% margin. Despite economic uncertainty affecting construction activity and steel pricing, North America finished steel shipments grew 4.4% year-over-year. CMC maintained strong liquidity with $856.1 million in cash and cash equivalents, while returning $71.0 million to shareholders through dividends and share buybacks.
The company's downstream backlog volumes remained stable year-over-year, with management expressing optimism about future project pipeline strength. The board declared a quarterly dividend of $0.18 per share, representing a 13% year-over-year increase.
Commercial Metals Company (CMC) has declared its 241st consecutive quarterly cash dividend of $0.18 per share of common stock. The dividend will be paid on January 30, 2025, to stockholders of record as of the close of business on January 16, 2025.
CMC operates primarily in the United States and Central Europe, providing innovative solutions for the global construction sector's reinforcement needs. The company's products and technologies support various construction applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission projects.
Commercial Metals Company (NYSE: CMC) has released its 2024 sustainability report, marking a decade of sustainability reporting. The report, available on CMC's sustainability website, details the company's progress on environmental goals established in 2019/2020. CEO Peter Matt emphasized CMC's commitment to continuous improvement across social, environmental, and governance initiatives.
The company operates primarily in the United States and Central Europe, providing innovative solutions for the global construction sector's reinforcement needs. CMC's products support various construction applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission projects, while maintaining a focus on building a stronger, safer, and more sustainable world.
Commercial Metals Company (NYSE: CMC) has announced its first quarter fiscal 2025 earnings conference call, scheduled for Monday, January 6, 2025, at 11:00 a.m. Eastern Time. The call will feature Peter Matt, President and CEO, and Paul Lawrence, Senior VP and CFO.
The teleconference will be accessible via webcast in listen-only mode through CMC's website. The company operates primarily in the United States and Central Europe, providing reinforcement solutions for the global construction sector, serving infrastructure, non-residential, residential, industrial, and energy generation markets.
FAQ
What is the current stock price of Commercial Metals Co (CMC)?
What is the market cap of Commercial Metals Co (CMC)?
