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

(
)

Calendar

25 Jun 20
14 Jul 20
31 Aug 20

News

Company financial data Financial data

Quarter (USD) May 20 Feb 20 Nov 19 Aug 19
Revenue 1.34B 1.34B 1.38B 1.54B
Net income 64.73M 63.8M 83.35M 86.11M
Diluted EPS 0.54 0.53 0.7 0.72
Net profit margin 4.82% 4.76% 6.02% 5.58%
Net change in cash 229.67M 7.65M 32.34M 72.15M
Cash on hand 462.11M 232.44M 224.8M 192.46M
Cost of revenue 1.12B 1.12B 1.15B 1.29B
Annual (USD) Aug 19 Aug 18 Aug 17 Aug 16
Revenue 5.83B 4.64B 4.57B 4.18B
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% 1.01% 1.31%
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 10b5-1 $Price #Shares $Value #Remaining
29 Jun 20 Tracy L Porter Common Stock Sell Dispose S No 20.1415 52,045 1.05M 76,485
15 Jun 20 Peter R Matt Common Stock Grant Aquire A No 0 3,587 0 3,587
88.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 247 264 -6.4%
Opened positions 45 48 -6.3%
Closed positions 62 34 +82.4%
Increased positions 85 93 -8.6%
Reduced positions 83 92 -9.8%
13F shares
Current Prev Q Change
Total value 5.16B 5.9B -12.6%
Total shares 104.84M 104.51M +0.3%
Total puts 75.9K 30K +153.0%
Total calls 165.8K 222.8K -25.6%
Total put/call ratio 0.5 0.1 +240.0%
Largest owners
Shares Value Change
BLK BlackRock 13.77M $217.42M -1.0%
Vanguard 12.57M $198.5M +8.2%
Dimensional Fund Advisors 9.86M $155.75M +0.1%
STT State Street 4.77M $75.26M -5.6%
FMR 4.54M $71.63M +20.1%
Citadel Advisors 4.08M $64.46M -20.6%
FRLG Goldman Sachs 3.11M $49.06M +12.5%
NTRS Northern Trust 2.93M $46.28M +0.0%
Aqr Capital Management 2.47M $36.3M +1619.3%
Fuller & Thaler Asset Management 2.36M $37.24M +26.2%
Largest transactions
Shares Bought/sold Change
Aqr Capital Management 2.47M +2.32M +1619.3%
JPM JPMorgan Chase & Co. 2.27M +1.46M +179.7%
Norges Bank 0 -1.36M EXIT
Citadel Advisors 4.08M -1.06M -20.6%
Vanguard 12.57M +954.96K +8.2%
JHG Janus Henderson 1.06M -870.6K -45.0%
FMR 4.54M +759.12K +20.1%
MNGPF Man 134.05K -580.17K -81.2%
Fuller & Thaler Asset Management 2.36M +489.99K +26.2%
MS^L Morgan Stanley 842.89K -443.53K -34.5%

Financial report summary

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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 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 ?
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H.S. freshman Avg
New words: accessing, auto, broader, chain, characterized, closure, constrict, declared, delay, downturn, high, idled, idling, infrastructure, interfere, national, pandemic, precautionary, progression, safety, slowdown, spite, supply, transportation, unknown, unpredictable, unrest, weak, World
Removed: deferred, January, reduction