Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, related materials and services through a network including seven electric arc furnace ("EAF") mini mills, two EAF micro mills, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the U.S. and Poland.

Company profile
Ticker
CMC
Exchange
Website
CEO
Barbara Smith
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
AHT, Inc. • CMC (Beijing) International Trade Company Limited • CMC Cometals International • CMC Commercial Metals de Mexico • CMC Europe GmbH • CMC GH, LLC • CMC GH Sisak d.o.o. • CMC International Finance • CMC Metals Cyprus Limited • CMC Post Oklahoma, LLC ...
IRS number
750725338
CMC stock data
News

Commercial Metals's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
23 Jun 22
Citigroup Maintains Neutral on Commercial Metals, Lowers Price Target to $36
17 Jun 22
Credit Suisse Maintains Neutral on Commercial Metals, Raises Price Target to $39
17 Jun 22
Commercial Metals: Q3 Earnings Insights
16 Jun 22
Commercial Metals Q3 EPS $2.61 Beats $1.98 Estimate, Sales $2.52B Beat $2.41B Estimate
16 Jun 22
Press releases
Commercial Metals Company Reports Third Quarter Fiscal 2022 Results
16 Jun 22
Commercial Metals Company Announces Quarterly Dividend of $0.14 Per Share
15 Jun 22
Commercial Metals Company Announces Third Quarter Fiscal 2022 Conference Call Webcast Details
17 May 22
Castle Harlan Completes Sale of Tensar Corporation
25 Apr 22
Commercial Metals Completes Acquisition of Tensar Corporation
25 Apr 22
Analyst ratings and price targets
Current price
Average target
$44.50
Low target
$36.00
High target
$54.00
Citigroup
Maintains
$36.00
Credit Suisse
Maintains
$39.00
JP Morgan
Maintains
$54.00
Keybanc
Maintains
$49.00
Calendar
22 Jun 22
2 Jul 22
31 Aug 22
Financial summary
Quarter (USD) | May 22 | Feb 22 | Nov 21 | Aug 21 | |
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Cost of revenue | |||||
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Net income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Aug 21 | May 21 | Feb 21 | Aug 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 536.53M | 536.53M | 536.53M | 536.53M | 536.53M | 536.53M |
Cash burn (monthly) | 154.39M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 164.4M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 372.13M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 2.4 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Apr 22 | McPherson John R | Common Stock | Buy | Acquire P | Yes | No | 40.55 | 5,000 | 202.75K | 5,000 |
21 Apr 22 | Smith Barbara | Common Stock | Sell | Dispose S | Yes | Yes | 46.52 | 11,418 | 531.17K | 508,785 |
20 Apr 22 | Smith Barbara | Common Stock | Sell | Dispose S | Yes | Yes | 46.46 | 13,582 | 631.02K | 520,203 |
13 Apr 22 | Avril-Groves Vicki L | Common Stock | Grant | Acquire A | No | No | 43.72 | 86 | 3.76K | 63,354 |
13 Apr 22 | McPherson John R | Common Stock | Grant | Acquire A | No | No | 43.72 | 9 | 393.48 | 2,745 |
13 Apr 22 | Raiss Sarah E. | Common Stock | Grant | Acquire A | No | No | 43.72 | 50 | 2.19K | 91,563 |
Institutional ownership, Q1 2022
85.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 356 |
Opened positions | 81 |
Closed positions | 35 |
Increased positions | 113 |
Reduced positions | 112 |
13F shares | Current |
---|---|
Total value | 6.62B |
Total shares | 103.28M |
Total puts | 201.9K |
Total calls | 573.8K |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 14.58M | $606.95M |
Vanguard | 13.23M | $550.48M |
FMR | 9.63M | $400.85M |
STT State Street | 7.49M | $312.97M |
Dimensional Fund Advisors | 7.49M | $311.76M |
WRB W.R. Berkley | 2.51M | $104.36M |
Geode Capital Management | 2.19M | $91.31M |
JHG Janus Henderson | 2.17M | $90.43M |
Fairholme Capital Management | 2.07M | $86.34M |
NTRS Northern Trust | 2.06M | $85.92M |
Financial report summary
?Risks
- We are vulnerable to the economic conditions in the regions in which our operations are concentrated.
- The potential impact of our customers' non-compliance with existing commercial contracts and commitments, due to insolvency or for any other reason, may adversely affect our business, results of operations and financial condition.
- The agreements governing our notes and our other debt contain financial covenants and impose restrictions on our business.
- We may not be able to successfully identify, consummate or integrate acquisitions, and acquisitions may adversely affect our financial leverage.
- Impairment of long-lived assets in the future could have a material adverse effect on our business, results of operations and financial condition.
- We may have difficulty competing with companies that have a lower cost structure or access to greater financial resources.
- Information technology interruptions and breaches in data security could adversely impact our business, results of operations and financial condition.
- Our mills require continual capital investments that we may not be able to sustain.
- Unexpected equipment failures may lead to production curtailments or shutdowns, which may adversely affect our business, results of operations and financial condition.
- Competition from other materials may have a material adverse effect on our business, results of operations and financial condition.
- Hedging transactions may expose us to losses or limit our potential gains.
- Our operations present significant risk of injury or death.
- Fluctuations in the value of the U.S. dollar relative to other currencies may adversely affect our business, results of operations and financial condition.
- Operating internationally carries risks and uncertainties which could adversely affect our business, results of operations and financial condition.
- We rely on the availability of large amounts of electricity and natural gas. Disruptions in delivery or substantial increases in energy costs, including crude oil prices, could adversely affect our business, results of operations and financial condition.
- Operating and startup risks, as well as market risks associated with the commissioning of our third micro mill could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investment.
- Excess capacity and over-production by foreign producers in our industry as well as the startup of new steel-making capacity in the U.S. could result in lower domestic prices, which would adversely affect our sales, margins and profitability.
- Rapid and significant changes in the price of metals could adversely impact our business, results of operations and financial condition.
- Physical impacts of climate change could have a material adverse effect on our costs and operations.
- Changes in tax legislation and regulations in the jurisdictions in which we operate may adversely affect our results of operations.
- We are involved, and may in the future become involved, in various environmental matters that may result in fines, penalties or judgments being assessed against us or liability imposed upon us which we cannot presently estimate or reasonably foresee and which may have a material impact on our business, results of operations and financial condition.
- Increased regulation associated with climate change could impose significant additional costs on both our steelmaking and metals recycling operations.
- We are subject to litigation and legal compliance risks which could adversely affect our business, results of operations and financial condition.
Management Discussion
- As a vertically integrated organization, we manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace ("EAF") mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses and metal recycling facilities in the United States and Poland. Through our Tensar division, we are a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through its two major product lines: Tensar® geogrids and Geopier® foundation systems. Our operations are conducted through two reportable segments: North America and Europe.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
accurately, added, aforementioned, age, alternate, approach, asphalt, assigned, assumed, Blackburn, BRP, category, coastal, comparison, complement, complementary, complementing, concrete, cybersecurity, deductible, deferred, direct, disposal, division, England, exceed, expanded, experience, exposure, factually, forma, foundation, Geopier, Georgia, ground, impede, impractical, improvement, indirect, infeasible, innovative, interruption, jurisdiction, Kingdom, land, largest, lost, marketplace, mentioned, mesh, minimum, mining, momentum, Morrow, national, nonrecurring, oil, opportunity, optimization, overfunded, patent, patented, personal, policy, pro, procured, provisional, public, real, refinement, relief, repay, research, residential, retrospectively, revaluation, revalued, rolling, rose, royalty, scope, service, statement, strength, Supplemental, supplemented, synergistic, temporary, TGL, traditional, transportation, volume, waste, waterway
Removed:
component, continuing, Excluding, group, independently, rounding, timing
Financial reports
Current reports
8-K
Amendments to Articles of Incorporation or Bylaws
21 Jun 22
8-K
Commercial Metals Company Reports Third Quarter Fiscal 2022 Results
16 Jun 22
8-K
Commercial Metals Company Announces Quarterly Dividend of $0.14 Per Share
15 Jun 22
8-K
Commercial Metals Completes Acquisition of Tensar Corporation
25 Apr 22
8-K
Commercial Metals Company Reports Record Second Quarter Fiscal 2022 Results
17 Mar 22
8-K
Commercial Metals Company Announces Quarterly Dividend of $0.14 Per Share
16 Mar 22
8-K
Commercial Metals Company Announces Closing of Tax-Exempt Bond Financing
22 Feb 22
8-K
Commercial Metals Company Announces Completion of Redemption of 2027 Notes
15 Feb 22
8-K/A
Departure of Directors or Certain Officers
13 Feb 22
8-K
Commercial Metals Company Announces Pricing of Tax-Exempt Bond Financing with Proceeds of $150.0 Million
10 Feb 22
Registration and prospectus
424B5
Prospectus supplement for primary offering
14 Jan 22
FWP
Free writing prospectus
13 Jan 22
424B5
Prospectus supplement for primary offering
13 Jan 22
424B5
Prospectus supplement for primary offering
19 Jan 21
FWP
Free writing prospectus
19 Jan 21
424B5
Prospectus supplement for primary offering
19 Jan 21
S-3ASR
Automatic shelf registration
19 Jan 21
424B3
Prospectus supplement
11 Jan 19
424B3
Prospectus supplement
13 Dec 18
S-4
Registration of securities issued in business combination transactions
30 Nov 18
Proxies
DEFA14A
Additional proxy soliciting materials
23 Nov 21
DEFA14A
Additional proxy soliciting materials
7 Jan 21
DEFA14A
Additional proxy soliciting materials
23 Nov 20
DEFA14A
Additional proxy soliciting materials
25 Nov 19
DEFA14A
Additional proxy soliciting materials
26 Nov 18
DEF 14A
Definitive proxy
26 Nov 17
Other
SD
Conflict minerals disclosure
25 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
EFFECT
Notice of effectiveness
14 Dec 18
CORRESP
Correspondence with SEC
10 Dec 18
UPLOAD
Letter from SEC
9 Dec 18
CORRESP
Correspondence with SEC
29 Nov 18
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
Ownership
4
COMMERCIAL METALS / John R McPherson ownership change
28 Apr 22
4
COMMERCIAL METALS / Barbara Smith ownership change
21 Apr 22
4
COMMERCIAL METALS / SARAH E. RAISS ownership change
15 Apr 22
4
COMMERCIAL METALS / John R McPherson ownership change
15 Apr 22
4
COMMERCIAL METALS / Vicki L Avril-Groves ownership change
15 Apr 22
4
COMMERCIAL METALS / Barbara Smith ownership change
12 Apr 22
4
COMMERCIAL METALS / GARY E MCCULLOUGH ownership change
6 Apr 22
4
COMMERCIAL METALS / Barbara Smith ownership change
29 Mar 22
4
COMMERCIAL METALS / Barbara Smith ownership change
16 Mar 22
4
COMMERCIAL METALS / John R McPherson ownership change
16 Mar 22
Patents
Utility
Emissions collection system and methods
20 Jul 21
An emissions collection system that includes a containment system, the containment system including a plurality of walls and a roof structure that together form an internal chamber; wherein chamber inlets are formed in one wall of the plurality of walls; and wherein chamber outlets are formed in either another wall of the plurality of walls or the roof structure.
Utility
System and method for stainless steel cladding of carbon steel pieces
13 Jul 20
A system and method of cladding a carbon steel piece with stainless steel according to which the carbon steel piece is cleaned, heated, coated with the stainless steel, and strengthened.
Transcripts
2022 Q3
Earnings call transcript
16 Jun 22
2022 Q2
Earnings call transcript
17 Mar 22
2022 Q1
Earnings call transcript
10 Jan 22
2021 Q4
Earnings call transcript
14 Oct 21
2021 Q3
Earnings call transcript
17 Jun 21
2021 Q2
Earnings call transcript
18 Mar 21
2021 Q1
Earnings call transcript
11 Jan 21
2020 Q4
Earnings call transcript
15 Oct 20
2020 Q3
Earnings call transcript
18 Jun 20
2020 Q2
Earnings call transcript
19 Mar 20
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27 Jun 22
Daily Discussion - Wednesday June 22 2022
22 Jun 22
(6/16) Thursday's Pre-Market Stock Movers & News
16 Jun 22
(6/16) Thursday's Pre-Market Stock Movers & News
16 Jun 22
Pre-market summary - June 16th
16 Jun 22
Daily Discussion Thread - June 16th, 2022
16 Jun 22
Daily Discussion - Thursday June 16 2022
16 Jun 22