Company profile

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

CMC stock data

(
)

Calendar

15 Oct 20
29 Oct 20
31 Aug 21

News

Quarter (USD) May 20 Feb 20 Nov 19 May 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Aug 20 Aug 19 Aug 18 Aug 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
23 Oct 20 Jody K Absher Common Stock Payment of exercise Dispose F No 21.33 107 2.28K 17,573
23 Oct 20 Jennifer J Durbin Common Stock Payment of exercise Dispose F No 21.33 109 2.32K 15,278
23 Oct 20 Smith Barbara Common Stock Payment of exercise Dispose F No 21.33 12,256 261.42K 813,573
23 Oct 20 Tracy L Porter Common Stock Payment of exercise Dispose F No 21.33 4,440 94.71K 323,285
23 Oct 20 Adam R Hickey Common Stock Payment of exercise Dispose F No 21.33 863 18.41K 27,746
87.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 261 248 +5.2%
Opened positions 44 45 -2.2%
Closed positions 31 61 -49.2%
Increased positions 92 85 +8.2%
Reduced positions 94 84 +11.9%
13F shares
Current Prev Q Change
Total value 6.57B 5.16B +27.4%
Total shares 104.52M 104.86M -0.3%
Total puts 51.8K 75.9K -31.8%
Total calls 398.3K 165.8K +140.2%
Total put/call ratio 0.1 0.5 -71.6%
Largest owners
Shares Value Change
BLK BlackRock 13.66M $278.67M -0.8%
Vanguard 12.34M $251.67M -1.9%
Dimensional Fund Advisors 9.86M $201.12M -0.1%
FMR 9.49M $193.61M +109.2%
STT State Street 4.76M $97.05M -0.2%
NTRS Northern Trust 3.11M $63.36M +6.0%
GS Goldman Sachs 2.88M $58.73M -7.3%
Fuller & Thaler Asset Management 2.82M $57.59M +19.7%
Aqr Capital Management 2.78M $55.62M +12.5%
JPM JPMorgan Chase & Co. 2.06M $42.09M -9.0%
Largest transactions
Shares Bought/sold Change
FMR 9.49M +4.95M +109.2%
Citadel Advisors 1.35M -2.73M -66.9%
Highline Capital Management 0 -1.28M EXIT
BCS Barclays 117.89K -791.79K -87.0%
Millennium Management 220.9K -778.24K -77.9%
Fuller & Thaler Asset Management 2.82M +464.9K +19.7%
D. E. Shaw & Co. 1.29M +461.5K +55.7%
Scopus Asset Management 798.47K -345.74K -30.2%
Ajo 18.15K -340.8K -94.9%
JHG Janus Henderson 1.39M +327.11K +30.8%

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.
  • 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. 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
  • Net sales for 2020 decreased $0.4 billion, or 6%, compared to 2019. Net sales in our North America segment decreased in 2020, as compared to the same period in 2019, primarily due to a year-over-year decrease in raw material shipments and a year-over-year decline in steel products average selling prices. This decrease was partially offset by two additional months of shipments from the Acquired Businesses in 2020 compared to 2019. Net sales in our Europe segment also decreased due to a decline in steel products average selling prices in 2020 compared to 2019.
  • Earnings from continuing operations for 2020 increased by $79.5 million, or 40%, compared to 2019. Earnings increased in 2020 compared to 2019 primarily due to a year-over-year increase in downstream products metal margin in our North America segment. This increase was partially offset by a year-over-year decrease in steel products metal margin in our Europe segment.
  • Selling, general and administrative expenses in 2020 increased $41.3 million compared to 2019. The year-over-year increase was driven primarily by a $49.2 million year-over-year increase in employee-related expenses due, in part, to two additional months of employee-related expenses related to the Acquired Businesses, and a $32.1 million charge recorded in 2020 due to a working capital adjustment related to the Acquisition, which was recorded subsequent to the end of the allowable one-year measurement period. This increase was partially offset by a $23.3 million year-over-year decrease in professional fees and legal expenses, primarily related to the Acquisition, a $5.3 million year-over-year decrease in lease expense as we have closed certain facilities in 2020 as part of the integration of the Acquired Businesses, as described in Note 3, Changes in Business, in Part II, Item 8 of this Annual Report, and a $3.2 million year-over-year decrease in travel-related expenses primarily due to COVID-19 restrictions which limited travel in 2020.
Content analysis ?
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