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

1 Nov 19
14 Dec 19
31 Aug 20

News

Company financial data Financial data

Quarter (USD) Aug 19 May 19 Feb 19 Nov 18
Revenue 1.54B 1.61B 1.4B 1.28B
Net income 86.11M 78.39M 13.85M 19.74M
Diluted EPS 0.72 0.66 0.12 0.17
Net profit margin 5.58% 4.88% 0.99% 1.55%
Net change in cash 72.15M 53.57M 14.39M -570.12M
Cash on hand 192.46M 120.32M 66.74M 52.35M
Cost of revenue 1.29B 1.36B 1.25B 1.12B
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

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
  • Net sales for 2019 increased $1.2 billion, or 26%, compared to 2018 due to the successful execution of our growth strategy and strength in our core markets. The Acquisition, which was completed in the first quarter of 2019, contributed net sales of $1.4 billion in 2019. See Note 3, Acquisition, which is contained in Part II, Item 8 of this Annual Report, for further information related to the Acquisition. Net sales in our Americas Mills and Americas Fabrication segments increased in 2019, as compared to the same periods in 2018, primarily due to the Acquired Businesses and an increase in year-over-year average selling prices. Average selling prices and volumes were down in 2019, as compared to 2018, in our Americas Recycling and International Mill segments, leading to year-over-year reductions in net sales in both segments.
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