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Commercial Metals (CMC)

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
SEC CIK
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

Calendar

22 Jun 22
2 Jul 22
31 Aug 22
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Aug 21 May 21 Feb 21 Aug 20
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

Beta Read what these cash burn values mean

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
85.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 356 310 +14.8%
Opened positions 81 65 +24.6%
Closed positions 35 32 +9.4%
Increased positions 113 96 +17.7%
Reduced positions 112 102 +9.8%
13F shares Current Prev Q Change
Total value 6.62B 4.59B +44.3%
Total shares 103.28M 103.3M -0.0%
Total puts 201.9K 156K +29.4%
Total calls 573.8K 387.6K +48.0%
Total put/call ratio 0.4 0.4 -12.6%
Largest owners Shares Value Change
BLK Blackrock 14.58M $606.95M -1.5%
Vanguard 13.23M $550.48M +1.1%
FMR 9.63M $400.85M +8.8%
STT State Street 7.49M $312.97M +22.3%
Dimensional Fund Advisors 7.49M $311.76M -1.1%
WRB W.R. Berkley 2.51M $104.36M +2.9%
Geode Capital Management 2.19M $91.31M +0.1%
JHG Janus Henderson 2.17M $90.43M -13.3%
Fairholme Capital Management 2.07M $86.34M +17.1%
NTRS Northern Trust 2.06M $85.92M -3.0%
Largest transactions Shares Bought/sold Change
BCS Barclays 50.61K -1.63M -97.0%
STT State Street 7.49M +1.37M +22.3%
Citadel Advisors 683.17K -1.25M -64.7%
Norges Bank 0 -1.14M EXIT
PFG Principal Financial Group Inc - Registered Shares 1.51M +967.55K +178.6%
Scopus Asset Management 1.18M +910K +343.4%
FMR 9.63M +778.45K +8.8%
Alliancebernstein 407.69K -681.65K -62.6%
Millennium Management 540.33K -648.68K -54.6%
American Century Companies 1.15M +629.43K +120.6%

Financial report summary

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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

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Positive
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Constraining
Legalese
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Readability
H.S. sophomore Avg
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