Company profile

Ticker
CMC
Exchange
Website
CEO
Barbara R. Smith
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
750725338

CMC stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

25 Mar 20
4 Apr 20
31 Aug 20

News

Company financial data Financial data

Quarter (USD) Feb 20 Nov 19 Aug 19 May 19
Revenue 1.34B 1.38B 1.54B 1.61B
Net income 63.8M 83.35M 86.11M 78.39M
Diluted EPS 0.53 0.7 0.72 0.66
Net profit margin 4.76% 6.02% 5.58% 4.88%
Net change in cash 7.65M 32.34M 72.15M 53.57M
Cash on hand 232.44M 224.8M 192.46M 120.32M
Cost of revenue 1.12B 1.15B 1.29B 1.36B
Annual (USD) Aug 19 Aug 18 Aug 17 Aug 16
Revenue 5.83B 4.64B 3.84B 3.6B
Net income 198.09M 138.51M 46.33M 54.76M
Diluted EPS 1.66 1.17 0.39 0.47
Net profit margin 3.40% 2.98% 1.21% 1.52%
Net change in cash -430.01M 369.88M -264.95M 32.22M
Cash on hand 192.46M 622.47M 252.6M 517.54M
Cost of revenue 5.03B 4.02B 3.32B 3.02B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
1 Feb 20 Barbara Smith Common Stock Grant Aquire A 13.8 400 5.52K 644,012
1 Feb 20 Paul James Lawrence Common Stock Grant Aquire A 13.8 400 5.52K 56,662
1 Feb 20 Paul K. Kirkpatrick Common Stock Grant Aquire A 13.8 400 5.52K 162,060
1 Feb 20 Adam R Hickey Common Stock Grant Aquire A 13.8 400 5.52K 16,184
30 Jan 20 Raiss Sarah E. Common Stock Grant Aquire A 21.49 83 1.78K 81,653
88.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 264 250 +5.6%
Opened positions 48 51 -5.9%
Closed positions 34 32 +6.3%
Increased positions 93 82 +13.4%
Reduced positions 92 84 +9.5%
13F shares
Current Prev Q Change
Total value 5.9B 13.33B -55.7%
Total shares 104.51M 107.2M -2.5%
Total puts 30K 113.8K -73.6%
Total calls 222.8K 547.1K -59.3%
Total put/call ratio 0.1 0.2 -35.3%
Largest owners
Shares Value Change
BLK BlackRock 13.91M $309.76M +1.6%
Vanguard 11.62M $258.69M +1.1%
Dimensional Fund Advisors 9.86M $219.53M -0.5%
Citadel Advisors 5.14M $114.46M -1.6%
STT State Street 5.05M $112.43M +2.6%
FMR 3.78M $84.12M +140.8%
NTRS Northern Trust 2.93M $65.23M -0.4%
GS The Goldman Sachs Group, Inc. 2.76M $61.5M +112.6%
Nuveen Asset Management 2.19M $48.75M +9.5%
JHG Janus Henderson 1.93M $43.04M +10.6%
Largest transactions
Shares Bought/sold Change
Fuller & Thaler Asset Management 1.87M -2.27M -54.8%
FMR 3.78M +2.21M +140.8%
Deprince Race & Zollo 813.05K -1.85M -69.4%
Luminus Management 9.58K -1.6M -99.4%
Snow Capital Management 949.65K -1.47M -60.8%
GS The Goldman Sachs Group, Inc. 2.76M +1.46M +112.6%
Norges Bank 1.36M +1.36M NEW
MS Morgan Stanley 1.29M +709.13K +122.8%
Highline Capital Management 1.55M -706.98K -31.4%
Voya Investment Management 601.56K -653.21K -52.1%

Financial report summary

?
Competition
Gerdau
Risks
  • We are vulnerable to the economic conditions in the regions in which our operations are concentrated.
  • Rapid and significant changes in the price of metals could adversely impact our business, results of operations and financial condition.
  • 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.
  • 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 and greenhouse gas emissions could impose significant additional costs on both our steelmaking and metals recycling operations.
  • Physical impacts of climate change could have a material adverse effect on our costs and operations.
  • 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.
  • We may fail to realize all of the anticipated benefits of the acquisition of the Acquired Businesses or those benefits may take longer to realize than expected. We may also encounter significant difficulties in integrating the Acquired Businesses.
  • New and clarifying guidance with regard to interpretation of certain provisions of the Tax Cuts and Jobs Act may adversely affect our business, results of operations, financial condition and cash flow.
  • Impairment of long-lived assets in the future could have a material adverse effect on our business, results of operations and financial condition.
  • Increases 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 for our mill operations. Disruptions in delivery or substantial increases in energy costs, including crude oil prices, could adversely affect 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.
  • We are subject to litigation and legal compliance risks which could adversely affect our business, results of operations and financial condition.
  • Our operations present significant risk of injury or death.
  • Health care legislation could result in substantially increased costs and adversely affect our workforce.
Management Discussion
  • As a vertically integrated organization, we manufacture, recycle and market steel and metal products, related materials and services through a network including seven electric arc furnace ("EAF") mini mills, two EAF micro mills, two rerolling mills, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States ("U.S.") and Poland. On November 5, 2018, the Company completed the acquisition (the "Acquisition") of 33 rebar fabrication facilities in the U.S., as well as four EAF mini mills located in Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey and Rancho Cucamonga, California from Gerdau S.A., hereinafter collectively referred to as the "Acquired Businesses." Our operations are conducted through four reportable segments: Americas Recycling, Americas Mills, Americas Fabrication and International Mill.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: bar, calendar, confidence, consumer, economy, Ecosteel, elevated, emerge, epidemic, Europe, falling, floating, improve, intensified, merchant, mesh, NaN, negatively, outbreak, past, preventative, relevant, rent, saturated, sector, Simplifying, spread, surfaced, widespread, Wuhan, Zawiercie
Removed: amendment, decision, declined, deployment, European, experiencing, Fourth, gain, incurring, maximize, personnel, President, producing, prudent, reaction, remained, repayment, Restated, return, scheduled, shareholder, successful, union, utilization