Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, Germany, and internationally. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling and forging applications. In addition, the company provides fabricated steel products used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
IPO Year:
Exchange: NYSE
Website: cmc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/3/2024 | $65.00 | Buy | Jefferies |
| 1/16/2024 | $65.00 | Buy | UBS |
| 7/11/2023 | $63.00 | Buy | UBS |
| 4/5/2023 | $56.00 → $60.00 | Neutral → Buy | BofA Securities |
| 2/23/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 1/4/2023 | $55.00 | Neutral | BofA Securities |
| 1/21/2022 | $45.00 | Neutral → Outperform | Exane BNP Paribas |
| 1/19/2022 | $42.00 | Sector Weight → Overweight | Keybanc |
| 12/10/2021 | $42.00 | Neutral → Overweight | JP Morgan |
Commercial Metals's (NYSE:CMC) short percent of float has risen 10.96% since its last report. The company recently reported that it has 3.56 million shares sold short, which is 4.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Commercial Metals (NYSE:CMC) has outperformed the market over the past 5 years by 11.14% on an annualized basis producing an average annual return of 24.44%. Currently, Commercial Metals has a market capitalization of $6.09 billion. Buying $1000 In CMC: If an investor had bought $1000 of CMC stock 5 years ago, it would be worth $2,981.84 today based on a price of $52.99 for CMC at the time of writing. Commercial Metals's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated c
Commercial Metals's (NYSE:CMC) short percent of float has risen 24.67% since its last report. The company recently reported that it has 3.21 million shares sold short, which is 3.74% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.21 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
B of A Securities analyst Lawson Winder maintains Commercial Metals (NYSE:CMC) with a Buy and lowers the price target from $70 to $69.
Commercial Metals (NYSE:CMC) has outperformed the market over the past 10 years by 1.23% on an annualized basis producing an average annual return of 11.96%. Currently, Commercial Metals has a market capitalization of $6.15 billion. Buying $1000 In CMC: If an investor had bought $1000 of CMC stock 10 years ago, it would be worth $3,149.05 today based on a price of $53.40 for CMC at the time of writing. Commercial Metals's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated
After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This decline was driven by profit-taking in chipmaker stocks and rising Treasury yields, which dampened risk sentiment. The iShares Semiconductor ETF (NASDAQ:SOXX) fell by 2.4%, marking its worst session since May 1, after reaching technically “overbought” levels earlier in the week. Oil prices surged above $81 a barrel, aiming for the highest close since late April. This was spurred by larger-than-expected drops in U.S. inventories last week, fueling a rally in oil-related companies. Small caps
Commercial Metals Company (NYSE:CMC) shares are trading higher after the company reported third-quarter FY24 net sales of $2.078 billion, beating the consensus of $2.034 billion. The company stated that fundamentals remain strong in North American markets, supporting stable to modestly improving steel product margins, healthy shipment levels, and steady downstream backlog volumes. Commercial Metals reported that the Europe Steel Group achieved nearly breakeven performance on an adjusted EBITDA basis in the third quarter. Market conditions remained stable compared to the previous quarter, with slight increases in finished steel pricing and product margins. The Europe Steel Group’s av
U.S. stocks will likely carry over from where they left off as the market reopens after the Juneteenth holiday on Thursday. The major index futures were all uniformly higher, underpinned by the continued buoyancy in the tech space. The sector’s accelerated runup, though, has caused concerns among certain quarters. Analysts have begun calling for moderation in sentiment toward the space once the Federal Reserve confirms rate cuts for the year. Traders may also keep an eye on some key Main Street catalysts such as the jobless claims and housing starts data and the results of a regional manufacturing survey. FuturesPerformance (+/-)Nasdaq 100+0.68%S&P 500+0.42%Dow+0.10%R2K+0.31%In premark
Mr. Matt said, "Finished steel shipments within the North America Steel Group are anticipated to be flat on a sequential basis, while adjusted EBITDA margin should remain relatively stable. Adjusted EBITDA for our Europe Steel Group is likely to continue the quarter-to-quarter improvement trend despite market conditions that are expected to remain challenging. Financial results for the Emerging Businesses Group should improve modestly, driven by steady underlying market fundamentals and a healthy order book."
Commercial Metals (NYSE:CMC) reported quarterly earnings of $1.02 per share which met the analyst consensus estimate. The company reported quarterly sales of $2.078 billion which beat the analyst consensus estimate of $2.034 billion by 2.16 percent. This is a 11.39 percent decrease over sales of $2.345 billion the same period last year.
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
IRVING, Texas, Nov. 5, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today issued a statement in response to the jury verdict reached in the Pacific Steel Group v. Commercial Metals Co. (N.D. Cal.) litigation. Pacific Steel Group ("Pacific Steel") filed this lawsuit claiming, among other things, various restraints on trade by CMC. A trial on Pacific Steel's claims began on October 21st and concluded today with a verdict in favor of Pacific Steel in the amount of $110 million, which will be trebled as a matter of law, plus attorneys' fees. We are very disappointed by the outcome, and plan to appeal the verdict. CMC stands by the strong integrity of its business practices and w
Fourth quarter net earnings of $103.9 million, or $0.90 per diluted share; annual net earnings of $485.5 million, or $4.14 per diluted shareConsolidated core EBITDA of $227.1 million in the fourth quarter; core EBITDA margin of 11.4%Solid construction activity provided stability in North America shipment volumes; margins pressured by decline in average steel pricingTensar achieved its most profitable quarter to date as a division of CMC, driving the Emerging Businesses Group adjusted EBITDA margin to 21.7% in the fourth quarterSuccessful cost management actions improved Europe Steel Group fourth quarter adjusted EBITDA by $26.5 million on a year-over-year basis despite materially lower volum
IRVING, Texas, Oct. 15, 2024 /PRNewswire/ -- Today, October 15, 2024, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE:CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC's 240th consecutive quarterly dividend will be paid on November 14, 2024, to stockholders of record as of the close of business on October 31, 2024. About CMC CMC is an innovative solutions provider helping build a stronger, safer and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, CMC offers products and technologies to meet the critical reinforcement needs of the globa
IRVING, Texas, Oct. 1, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) (the "Company") today announced that the Board of Directors of the Company (the "Board") appointed Kekin Ghelani to serve as the Company's Senior Vice President, Chief Strategy Officer, effective October 1, 2024. In this role, Chief Strategy Officer, Mr. Ghelani will be responsible for guiding the strategic direction of the Company, driving long-term growth and M&A activity, leading integration efforts following future acquisitions, and ensuring alignment across all lines of business to support CMC's dynamic and competitive goals. Mr. Ghelani previously served as the Chief Strategy and Growth Officer of Summit
IRVING, Texas, Sept. 25, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) announced today that it has revised the time of its conference call to be held in conjunction with its fourth quarter earnings release for fiscal 2024 to 10:00 a.m. Eastern Time (9:00 a.m. Central). The call will be broadcast live over the Internet on Thursday, October 17, 2024, with Peter Matt, President and CEO, and Paul Lawrence, Senior Vice President and CFO. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's Web site at www.cmc.com. About CMC CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable
IRVING, Texas, Sept. 17, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its fourth quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 17, 2024, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and CEO, and Paul Lawrence, Senior Vice President & CFO. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's Web site at www.cmc.com. About CMC CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufact
Enhances board composition with additional qualifications and experience D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that its Board of Directors (the "Board") has appointed three new independent directors – Barbara R. Smith, M. Chad Crow and Elaine D. Crowley – effective August 26, 2024. As part of the Company's succession planning and commitment to ensuring strong Board composition, the three newly appointed directors each bring valuable experience and insight to the D.R. Horton Board. Each appointee has an excellent professional resume that adds to the qualifications, experiences and characteristics of the Company's current Board composition. Ms. Smith was named
IRVING, Texas, Aug. 22, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) has earned recognition on TIME's inaugural list of America's Best Mid-Size Companies 2024. This prestigious award is presented by TIME and Statista Inc., the leading statistics portal and industry ranking provider. America's Best Mid-Size Companies 2024 were identified based on employee satisfaction, revenue growth and sustainability transparency for companies that operate in the United States and generated at least $100M in revenue but less than $10 billion in 2022 or 2023. The list can be viewed on TIME's website. "CMC is proud to receive this award from TIME and Statista, Inc. in recognition of our invest
LOS ANGELES, Aug. 5, 2024 /PRNewswire/ -- CMC Pictures has announced the global release of the Chinese psychological thriller "Decoded," a groundbreaking film that blurs the lines between dreams and reality. Directed by the acclaimed Chen Sicheng, "Decoded" features a stellar ensemble cast including Liu Haoran, John Cusack, Chen Daoming, Daniel Wu, and Faye Yu. This film represents Chen Sicheng's latest bold venture following the remarkable success of the "Detective Chinatown" series and "Sheep Without a Shepherd." Adapted from the award-winning novel by Mai Jia, "Decoded" is set against the turbulent backdrop of the 1940s, a time when accurately deciphering enemy codes was crucial amidst g
Barbara R. Smith to Retire as Executive ChairmanRobert S. Wetherbee Appointed Chairman of the Board of DirectorsVicki Avril-Groves to Retire from the Board of DirectorsTandra Perkins Appointed to the Board of Directors IRVING, Texas, Aug. 2, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that Barbara R. Smith, the Executive Chairman of the Company's Board of Directors (the "Board"), will retire from such position and from the Board, effective August 31, 2024. The Board has appointed Robert S. Wetherbee, who has served as an independent director on the Board since March 2023, to serve as Chairman of the Board, effective September 1, 2024.
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
8-K - COMMERCIAL METALS Co (0000022444) (Filer)
8-K - COMMERCIAL METALS Co (0000022444) (Filer)
S-8 - COMMERCIAL METALS Co (0000022444) (Filer)
10-K - COMMERCIAL METALS Co (0000022444) (Filer)
8-K - COMMERCIAL METALS Co (0000022444) (Filer)
8-K - COMMERCIAL METALS Co (0000022444) (Filer)
8-K - COMMERCIAL METALS Co (0000022444) (Filer)
8-K - COMMERCIAL METALS Co (0000022444) (Filer)
10-Q - COMMERCIAL METALS Co (0000022444) (Filer)
8-K - COMMERCIAL METALS Co (0000022444) (Filer)
Fourth quarter net earnings of $103.9 million, or $0.90 per diluted share; annual net earnings of $485.5 million, or $4.14 per diluted shareConsolidated core EBITDA of $227.1 million in the fourth quarter; core EBITDA margin of 11.4%Solid construction activity provided stability in North America shipment volumes; margins pressured by decline in average steel pricingTensar achieved its most profitable quarter to date as a division of CMC, driving the Emerging Businesses Group adjusted EBITDA margin to 21.7% in the fourth quarterSuccessful cost management actions improved Europe Steel Group fourth quarter adjusted EBITDA by $26.5 million on a year-over-year basis despite materially lower volum
IRVING, Texas, Oct. 15, 2024 /PRNewswire/ -- Today, October 15, 2024, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE:CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC's 240th consecutive quarterly dividend will be paid on November 14, 2024, to stockholders of record as of the close of business on October 31, 2024. About CMC CMC is an innovative solutions provider helping build a stronger, safer and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, CMC offers products and technologies to meet the critical reinforcement needs of the globa
IRVING, Texas, Sept. 25, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) announced today that it has revised the time of its conference call to be held in conjunction with its fourth quarter earnings release for fiscal 2024 to 10:00 a.m. Eastern Time (9:00 a.m. Central). The call will be broadcast live over the Internet on Thursday, October 17, 2024, with Peter Matt, President and CEO, and Paul Lawrence, Senior Vice President and CFO. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's Web site at www.cmc.com. About CMC CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable
IRVING, Texas, Sept. 17, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its fourth quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 17, 2024, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and CEO, and Paul Lawrence, Senior Vice President & CFO. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's Web site at www.cmc.com. About CMC CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufact
Third quarter net earnings of $119.4 million, or $1.02 per diluted shareConsolidated core EBITDA of $256.1 million; core EBITDA margin of 12.3%Solid seasonal demand and underlying market fundamentals in North America supported healthy shipment volumes and product marginsStable North American downstream backlog volumes due to robust pipeline of new construction projectsEmerging Businesses Group adjusted EBITDA and adjusted EBITDA margin rebounded sharply, reflecting continued strong demand for our high margin construction solutionsEurope Steel Group achieved near breakeven results, continuing the trend of improving performance despite a challenging market backdropIRVING, Texas, June 20, 2024
IRVING, Texas, June 19, 2024 /PRNewswire/ -- Today, June 19, 2024, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE:CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC's 239th consecutive quarterly dividend will be paid on July 10, 2024, to stockholders of record as of the close of business on July 1, 2024. About CMC CMC is an innovative solutions provider helping build a stronger, safer and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, CMC offers products and technologies to meet the critical reinforcement needs of the global construct
IRVING, Texas, May 20, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its third quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, June 20, 2024, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and CEO, and Paul Lawrence, Senior Vice President & CFO. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's Web site at www.cmc.com. About CMC CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing ne
Second quarter net earnings of $85.8 million, or $0.73 per diluted shareConsolidated core EBITDA of $224.4 million; core EBITDA margin of 12.1%Downstream contract awards rebounded to the highest quarterly level in nearly two years, signaling strength in the pipeline ahead of the upcoming construction seasonNorth America and Europe Steel Groups achieved meaningful year-over-year improvements in controllable costs per ton of finished steel shipped, contributing positively to financial performanceEurope Steel Group operating results (excluding energy rebates) improved sequentially; market supply and demand in better balanceContinued progress on strategic growth initiatives; Arizona 2 successful
IRVING, Texas, March 20, 2024 /PRNewswire/ -- Today, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE:CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock, an increase of $0.02, or 13%, from the dividend paid in February 2024. CMC's 238th consecutive quarterly dividend will be paid on April 10, 2024, to stockholders of record as of the close of business on April 1, 2024. "This announcement demonstrates the high degree of confidence on the part of management and our board of directors regarding the Company's ca
IRVING, Texas, Feb. 21, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 21, 2024, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and CEO, and Paul Lawrence, Senior Vice President & CFO. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's Web site at www.cmc.com. About CMC CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
Wolfe Research downgraded Commercial Metals from Outperform to Peer Perform
Jefferies initiated coverage of Commercial Metals with a rating of Buy and set a new price target of $65.00
UBS initiated coverage of Commercial Metals with a rating of Buy and set a new price target of $65.00
UBS initiated coverage of Commercial Metals with a rating of Buy and set a new price target of $63.00
BofA Securities upgraded Commercial Metals from Neutral to Buy and set a new price target of $60.00 from $56.00 previously
KeyBanc Capital Markets downgraded Commercial Metals from Overweight to Sector Weight
BofA Securities resumed coverage of Commercial Metals with a rating of Neutral and set a new price target of $55.00
Exane BNP Paribas upgraded Commercial Metals from Neutral to Outperform and set a new price target of $45.00
Keybanc upgraded Commercial Metals from Sector Weight to Overweight and set a new price target of $42.00
JP Morgan upgraded Commercial Metals from Neutral to Overweight and set a new price target of $42.00
IRVING, Texas, Oct. 1, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) (the "Company") today announced that the Board of Directors of the Company (the "Board") appointed Kekin Ghelani to serve as the Company's Senior Vice President, Chief Strategy Officer, effective October 1, 2024. In this role, Chief Strategy Officer, Mr. Ghelani will be responsible for guiding the strategic direction of the Company, driving long-term growth and M&A activity, leading integration efforts following future acquisitions, and ensuring alignment across all lines of business to support CMC's dynamic and competitive goals. Mr. Ghelani previously served as the Chief Strategy and Growth Officer of Summit
Enhances board composition with additional qualifications and experience D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that its Board of Directors (the "Board") has appointed three new independent directors – Barbara R. Smith, M. Chad Crow and Elaine D. Crowley – effective August 26, 2024. As part of the Company's succession planning and commitment to ensuring strong Board composition, the three newly appointed directors each bring valuable experience and insight to the D.R. Horton Board. Each appointee has an excellent professional resume that adds to the qualifications, experiences and characteristics of the Company's current Board composition. Ms. Smith was named
Barbara R. Smith to Retire as Executive ChairmanRobert S. Wetherbee Appointed Chairman of the Board of DirectorsVicki Avril-Groves to Retire from the Board of DirectorsTandra Perkins Appointed to the Board of Directors IRVING, Texas, Aug. 2, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that Barbara R. Smith, the Executive Chairman of the Company's Board of Directors (the "Board"), will retire from such position and from the Board, effective August 31, 2024. The Board has appointed Robert S. Wetherbee, who has served as an independent director on the Board since March 2023, to serve as Chairman of the Board, effective September 1, 2024.
IRVING, Texas, Feb. 20, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) today announced that it has named Dennis V. Arriola to the Board of Directors, effective as of March 19, 2024. Mr. Arriola brings more than 40 years of professional experience to CMC's Board and currently serves as an Operating Partner for Sandbrook Capital, a private investment firm that focuses on investments that transform the world's energy infrastructure. From 2020 to 2022, he held the position of Chief Executive Officer of Avangrid, Inc., a leading sustainable energy company with $41 billio
Barbara R. Smith to Retire as Chief Executive Officer, Effective September 1, 2023; Will Continue as Chairman of the Board Peter R. Matt, President, Appointed Chief Executive Officer and President, Effective September 1, 2023 IRVING, Texas, July 10, 2023 /PRNewswire/ -- The Board of Directors of Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") announced today that Barbara R. Smith, the Company's Chief Executive Officer and Chairman, has chosen to retire as Chief Executive Officer and has been appointed Executive Chairman of the Board, effective September 1, 2023. The board unanimously voted to appoint Peter R. Matt, the Company's President, to the role of Chief Executive Offic
IRVING, Texas, Feb. 16, 2023 /PRNewswire/ -- The Board of Directors of Commercial Metals Company (NYSE:CMC) ("CMC" or the "Company") today announced that, as part of the Company's succession plan, the Board has appointed Peter R. Matt as President, effective as of April 1, 2023, succeeding Barbara R. Smith who will remain Chairman and Chief Executive Officer of the Company. Mr. Matt will continue to serve on the Board of Directors of the Company, which he joined in June 2020. Barbara R. Smith, the Company's Chairman, President and Chief Executive Officer, stated, "We have every confidence in Peter as he takes on the role and responsibilities of President, and his appointment is part of the
IRVING, Texas, Feb. 9, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) today announced that it has named Robert S. Wetherbee to the Board of Directors, effective March 21, 2023. Mr. Wetherbee brings more than 40 years of professional experience to CMC's Board. He currently serves as the Board Chair, President and Chief Executive Officer of ATI Inc., a global producer of high-performance materials and solutions for the global aerospace and defense markets, and critical applications in electronics, medical, and specialty energy. Prior to being named CEO of ATI in 20
IRVING, Texas, Jan. 18, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) today announced that it has named John R. McPherson to the Board of Directors, effective March 15, 2022. Mr. McPherson brings more than 30 years of professional experience to CMC's Board and currently sits on the Board of Directors for Forterra, Inc. He previously served in multiple executive positions at Vulcan Materials Company, most recently as Chief Financial & Strategy Officer. Prior to that, he held several roles of increasing responsibility with McKinsey & Company and Goldman, Sachs & Co. "We are pleased to welcome John to our Board of Directors," said Barbara R. Smith, Chairman of the Board, President,
IRVING, Texas, Sept. 8, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) today announced that it has named Gary E. McCullough to the Board of Directors, effective October 12, 2021. Mr. McCullough's impressive business career has spanned more than 30 years. He currently sits on TransDigm Group Incorporated's Board of Directors and serves as an investor in and advisor to several private entities. He previously served as Chief Executive Officer of ARI Packaging, Inc. Prior to that, he was President and Chief Executive Officer of Career Education Corporation, where he al
IRVING, Texas, Jan. 11, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal first quarter ended November 30, 2020. First quarter earnings from continuing operations were $63.9 million, or $0.53 per diluted share, on net sales of $1.4 billion, compared to prior year period earnings from continuing operations of $82.8 million, or $0.69 per diluted share, on net sales of $1.4 billion. During the first quarter of fiscal 2021, CMC incurred net after-tax charges of $5.9 million for facility closure expenses and asset impairments primarily related to the decommissioning of the Company's Steel California operations. The closure of these o