CMC earnings
Commercial Metals Company (CMC) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- CMC Announces Third Quarter Fiscal 2026 Conference Call Webcast DetailsIRVING, Texas, May 26, 2026 /PRNewswire/ -- CMC (NYSE:CMC), in conjunction with its third quarter earnings release for fiscal 2026, invites you to listen to its conference call that will be webcast live on Thursday, June 25, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's website at www.cmc.com. About CMCCMC is a Fortune 500 compan
- CMC Reports Second Quarter of Fiscal 2026 ResultsSecond quarter net earnings of $93.0 million, or $0.83 per diluted share and adjusted earnings of $130.1 million, or $1.16 per diluted shareConsolidated core EBITDA of $297.5 million in the second quarter grew by approximately 114% year-over-year due to solid execution including strong momentum in TAG, favorable market conditions, and the benefit of the newly acquired precast businessCore EBITDA margin of 14.0% increased by 610 basis points compared to the prior year periodAdjusted EBITDA margins for the North America Steel Group and the Construction Solutions Group reached 16.8% and 17.0%, respectively; current booking and backlog levels support a strong 2026 construction season outlook Con
- CMC Announces Second Quarter Fiscal 2026 Conference Call Webcast DetailsIRVING, Texas, Feb. 26, 2026 /PRNewswire/ -- CMC (NYSE:CMC), in conjunction with its second quarter earnings release for fiscal 2026, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 26, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. 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 CMCCMC is a Fortune 500 company (NYSE:CMC) headquartered in Irving, Texas, and a leading provider of early-stage constr
- CMC Reports First Quarter of Fiscal 2026 ResultsFirst quarter net earnings of $177.3 million, or $1.58 per diluted share and adjusted earnings of $206.2 million, or $1.84 per diluted shareConsolidated core EBITDA of $316.9 million in the first quarter grew by approximately 52% on a year-over-year basis and resulted in core EBITDA margin of 14.9%Capitalized on favorable market conditions across the North American footprint through solid operational execution and enhanced commercial disciplineSuccessfully launched several new operational and commercial initiatives under the Transform, Advance, and Grow ("TAG") program; goal of exiting fiscal 2026 at an annualized run-rate EBITDA benefit of $150 millionClosed acquisitions of CP&P and Foley i
- CMC Announces First Quarter Fiscal 2026 Conference Call Webcast DetailsIRVING, Texas, Dec. 8, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its first quarter earnings release for fiscal 2026, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, January 8, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. 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 sustainabl
- CMC REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2025 RESULTSFourth quarter net earnings of $151.8 million, or $1.35 per diluted share and adjusted earnings of $155.0 million, or $1.37 per diluted shareConsolidated core EBITDA of $291.4 million in the fourth quarter, resulting in core EBITDA margin of 13.8%, up sequentially and year-over-yearNorth American steel product metal margins continued to expand steadily during the fourth quarter, setting the stage for a strong start to fiscal 2026Emerging Businesses Group ("EBG") delivered its best-ever quarterly results, driven by record Tensar performanceArizona 2 micro mill generated positive adjusted EBITDA during the fourth quarterTransform, Advance, and Grow ("TAG") program exceeded expectations in fisc
- CMC TO ACQUIRE FOLEY PRODUCTS COMPANYProvides immediate scale to CMC's precast platform, positioning CMC as the third largest player in the U.S. and a leader across the Mid-Atlantic and Southeast regionsAdds best-in-class precast operator with industry-leading EBITDA margins and cash flow profile to CMC's portfolioUnlocks incremental upside from recently announced Concrete Pipe & Precast ("CP&P") acquisition with complementary footprint in high-growth markets and line of sight to meaningful synergy opportunitiesTransforms CMC's financial profile; expected to be accretive to earnings per share and free cash flow per share in the first year Drives strong free cash flow generation to provide clear path to deleveragingIRVING, Texas
- CMC TO ACQUIRE CONCRETE PIPE & PRECAST, LLCExpands CMC's commercial portfolio in early-stage construction solutions; leverages complementary geographic footprint and customer relationshipsDeepens CMC's exposure to structural demand tailwinds in construction; enhances ability to address construction pain points such as labor scarcity and project timelinesEstablishes a significant and scalable new growth platform with a strong regional leader in an attractive industryEnhances CMC's financial profile; expected to be accretive to earnings per share and free cash flow per share in the first yearIRVING, Texas, Sept. 18, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) ("CMC") today announced it has entered into a definitive agreem
- CMC Announces Fourth Quarter and Full Year Fiscal 2025 Conference Call Webcast DetailsIRVING, Texas, Sept. 16, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its fourth quarter and full year earnings release for fiscal 2025, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 16, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. 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, an
- CMC Reports Third Quarter Fiscal 2025 ResultsThird quarter net earnings of $83.1 million, or $0.73 per diluted share; adjusted earnings of $84.4 million, or $0.74 per diluted shareConsolidated core EBITDA of $204.1 million in the third quarter; core EBITDA margin of 10.1%North American steel product metal margins inflected upward during the third quarter, exiting at a rate above the average for the periodEmerging Businesses Group profitability improved sequentially and year-over-year with adjusted EBITDA margin increasing to 20.7%Europe Steel Group exceeded breakeven on better market fundamentals and solid cost performance; emerging green shoots point to more improvement aheadTransform, Advance, Grow ("TAG") program exceeding targeted
- CMC Announces Third Quarter Fiscal 2025 Conference Call Webcast DetailsIRVING, Texas, May 27, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its third quarter earnings release for fiscal 2025, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, June 23, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. 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.
- CMC Reports Second Quarter Fiscal 2025 ResultsSecond quarter net earnings of $25.5 million, or $0.22 per diluted share; adjusted earnings of $29.3 million, or $0.26 per diluted shareConsolidated core EBITDA of $131.0 million in the second quarter; core EBITDA margin of 7.5%Solid North American construction demand drove a 3.3% increase in finished steel shipments compared to the prior year second quarterNew project awards reached the second highest level since late fiscal 2022, leading to a healthy North America backlog volume that grew sequentially and was stable on a year-over-year basis Europe Steel Group achieved adjusted EBITDA breakeven during the quarter, driven by effective cost management and modest margin reliefProfitability in
- CMC Announces Second Quarter Fiscal 2025 Conference Call Webcast DetailsIRVING, Texas, Feb. 24, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2025, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 20, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. 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 sustaina
- CMC REPORTS FIRST QUARTER FISCAL 2025 RESULTSFirst quarter net loss of ($175.7) million, or ($1.54) per diluted share including approximately $265.0 million litigation expense, net of estimated tax; adjusted earnings of $88.5 million, or $0.78 per diluted shareConsolidated core EBITDA of $210.7 million in the first quarter; core EBITDA margin of 11.0%Late season construction activity drove year-over-year and sequential growth in North America finished steel shipment volumes; margins pressured by declines in average steel and downstream product pricing North America downstream backlog volumes stable on a year-over-year basis; pipeline of potential future projects remains strong Continued disciplined execution of strategic growth plan,
- CMC Announces First Quarter Fiscal 2025 Conference Call Webcast DetailsIRVING, Texas, Dec. 9, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its first quarter earnings release for fiscal 2025, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, January 6, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. 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
- CMC Reports Fourth Quarter and Full Year Fiscal 2024 ResultsFourth 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
- CMC Announces Fourth Quarter Fiscal 2024 Conference Call Time One Hour EarlierIRVING, 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
- CMC Announces Fourth Quarter Fiscal 2024 Conference Call Webcast DetailsIRVING, 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
- CMC REPORTS THIRD QUARTER FISCAL 2024 RESULTSThird 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
- CMC Announces Third Quarter Fiscal 2024 Conference Call Webcast DetailsIRVING, 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
- CMC Reports Second Quarter Fiscal 2024 ResultsSecond 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
- CMC Announces Second Quarter Fiscal 2024 Conference Call Webcast DetailsIRVING, 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
- CMC Reports First Quarter Fiscal 2024 ResultsFirst quarter net earnings of $176.3 million, or $1.49 per diluted shareConsolidated core EBITDA of $325.3 million; core EBITDA margin of 16.2%Generated cash flow from operating activities of $261.1 million and free cash flow of $194.1 millionContinued healthy demand levels for North America Steel Group as finished steel volumes increased by 1.1% on a year-over-year basisContinued progress on strategic growth initiatives: Arizona 2 production increasing steadily and construction well underway at future Steel West Virginia siteSegment reporting realigned to reflect the manner in which the business is managed and support strategic priorities and executionIRVING, Texas, Jan. 8, 2024 /PRNewswire
- CMC Announces First Quarter Fiscal 2024 Conference Call Webcast DetailsIRVING, Texas, Dec. 7, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its first quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, January 8, 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
- CMC Reports Fourth Quarter and Full Year Fiscal 2023 ResultsFourth quarter net earnings of $184.2 million, or $1.56 per diluted share; annual net earnings of $859.8 million, or $7.25 per diluted shareFiscal 2023 core EBITDA of $1.5 billion, down only modestly from the record set in fiscal 2022Generated record annual cash flow from operating activities of $1.3 billion and record annual free cash flow of $737.4 millionFourth quarter North America segment adjusted EBITDA increased from the prior year period, driven by a solid demand environment, strong margins, and good cost controlFourth quarter downstream new project bid volumes in North America continued to grow by a double-digit percentage on a year-over-year basis, signaling a robust construction p
- Commercial Metals Company Announces Fourth Quarter Fiscal 2023 Conference Call Webcast DetailsIRVING, Texas, Sept. 12, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its fourth quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 12, 2023, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Barbara Smith, Executive Chairman of the Board, 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 Commercial Metals Company's Web site at www.cmc.com. About Commercial Metals Company Commercial Metals Company and its subsid
- Commercial Metals Company Reports Third Quarter Fiscal 2023 ResultsThird quarter net earnings of $234.0 million, or $1.98 per diluted share, increased 30% from the previous quarter Core EBITDA of $391.7 million increased 29% sequentiallyNorth America segment adjusted EBITDA grew sequentially and year-over-year, driven by strong business activity and ongoing cost improvementNorth America new project bid volumes increased by a double-digit percentage vs. prior year, signaling continued strength in construction pipelineVolume and value of North America downstream backlog remained near all-time highsOperational startup of Arizona 2 micro mill underwayIRVING, Texas, June 22, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) today announced financial resu
- Commercial Metals Company Announces Third Quarter Fiscal 2023 Conference Call Webcast DetailsIRVING, Texas, May 22, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its third quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, June 22, 2023, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Barbara Smith, Chairman and CEO, Peter Matt, President, 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 Commercial Metals Company's Web site at www.cmc.com. Commercial Metals Company (CMC) and its subsidiaries manufacture, recycle and fabricate steel and meta
- Commercial Metals Company Reports Second Quarter Fiscal 2023 ResultsSecond quarter net earnings of $179.8 million, or $1.51 per diluted shareCore EBITDA of $302.8 millionVolume and value of North America downstream backlog near all-time highsProject bid volumes grew by a double-digit percentage year-over-year, signaling strength in upcoming construction seasonArizona 2 project start-up on target; expected to begin production in the spring of 2023IRVING, Texas, March 23, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) today announced financial results for its fiscal second quarter ended February 28, 2023. Net earnings were $179.8 million, or $1.51 per diluted share, on net sales of $2.0 billion, compared to prior year period net earnings of $383.3
- Commercial Metals Company Announces Second Quarter Fiscal 2023 Conference Call Webcast DetailsIRVING, Texas, Feb. 23, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its second quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 23, 2023, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Barbara Smith, Chairman, President & 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 Commercial Metals Company's Web site at www.cmc.com. Commercial Metals Company (CMC) and its subsidiaries manufacture, recycle and fabricate steel and metal products
- Commercial Metals Company Reports First Quarter Fiscal 2023 ResultsFirst quarter net earnings of $261.8 million, or $2.20 per diluted share, increased 12% compared with $232.9 million, or $1.90 per diluted share, in the prior year periodCore EBITDA of $425.0 million increased 30% from the prior year periodContinued year-over-year growth in North America downstream backlog and project bidding volumesHistorically strong Europe segment profitability benefiting from favorable cost structure driving market share gainsGood progress on strategic growth initiatives; Arizona 2 project on target for spring 2023 start-up, announced fourth micro mill location in West VirginiaIRVING, Texas, Jan. 9, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) today announce
- Commercial Metals Company Announces First Quarter Fiscal 2023 Conference Call Webcast DetailsIRVING, Texas, Dec. 9, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its first quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, January 9, 2023, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Barbara Smith, Chairman, President & 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 Commercial Metals Company's Web site at www.cmc.com. Commercial Metals Company (CMC) and its subsidiaries manufacture, recycle and fabricate steel and metal products an
- Commercial Metals Company Reports Fourth Quarter Fiscal 2022 ResultsFourth quarter net earnings of $288.6 million, or $2.40 per diluted share, increased 89% compared with $152.3 million, or $1.24 per diluted share, in the prior year period; record annual net earnings of $1.2 billionGenerated record annual core EBITDA of $1.6 billion; fourth quarter core EBITDA of $419.0 million increased 64% year-over-year and was the second highest in company historyCore EBITDA per ton of finished steel shipped increased by $113 from the prior year quarter; favorable market conditions and operational execution more than offset inflationary pressures Entering fiscal 2023 from a position of strength – historically high levels of construction backlog and bidding activity in N
- Commercial Metals Company Announces Fourth Quarter Fiscal 2022 Conference Call Webcast DetailsIRVING, Texas, Sept. 13, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its fourth quarter earnings release for fiscal 2022, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 13, 2022, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Barbara Smith, Chairman, President & 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 Commercial Metals Company's Web site at www.cmc.com. Commercial Metals Company (CMC) and its subsidiaries manufacture, recycle and fabricate steel and metal produ
- Commercial Metals Company Reports Third Quarter Fiscal 2022 ResultsNet earnings of $312.4 million, or $2.54 per diluted share, increased by 140% compared with $130.4 million, or $1.07 per diluted share, in the prior year periodCore EBITDA of $483.9 million increased 110% year-on-year; a total of $1.4 billion of Core EBITDA achieved over the trailing 12 months Margins over scrap in North America and Europe reflect strong market conditions and favorable customer sentimentContinued strength in North America downstream pipeline, with record bid activity and backlog levels on both a volume and price basisCompleted the acquisition of Tensar Corporation, creating a new, attractive strategic growth platform IRVING, Texas, June 16, 2022 /PRNewswire/ -- Commercial Me
- Commercial Metals Company Announces Third Quarter Fiscal 2022 Conference Call Webcast DetailsIRVING, Texas, May 17, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its third quarter earnings release for fiscal 2022, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, June 16, 2022, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Barbara Smith, Chairman, President & 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 Commercial Metals Company's Web site at www.cmc.com. Commercial Metals Company (CMC) and its subsidiaries manufacture, recycle and fabricate steel and metal products an
- Commercial Metals Company Reports Record Second Quarter Fiscal 2022 ResultsAchieved record quarterly Earnings from Continuing Operations of $383.3 million, or $3.12 per diluted share Core EBITDA from continuing operations of $323.1 million increased 89% from the prior year period; trailing twelve-month Core EBITDA from continuing operations totaled over $1.1 billion North America downstream backlog grew 9% year-over-year; new project bid volumes reached record second quarter level, underpinning robust demand outlook Continued advancement in CMC's growth strategy -- Pending acquisition of Tensar Corporation expected to close during fiscal third quarter; Arizona 2 project remains on-track for early calendar 2023 startup IRVING, Texas, March 17, 2022 /PRNewswire/ --
- Commercial Metals Company Announces Second Quarter Fiscal 2022 Conference Call Webcast DetailsIRVING, Texas, Feb. 17, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its second quarter earnings release for fiscal 2022, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 17, 2022, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Barbara Smith, Chairman, President & 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 Commercial Metals Company's Web site at www.cmc.com. Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metals products, an
- Commercial Metals Company Reports Record First Quarter Fiscal 2022 ResultsIRVING, Texas, Jan. 10, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) today announced financial results for its fiscal first quarter ended November 30, 2021. Earnings from continuing operations were $232.9 million, or $1.90 per diluted share, on net sales of $2.0 billion, compared to prior year earnings from continuing operations of $63.9 million, or $0.53 per diluted share, on net sales of $1.4 billion. During the first quarter of fiscal 2022, the Company recorded a net after-tax benefit of $33.7 million, primarily related to the capital loss on an international tax restructuring transaction. Excluding this benefit, first quarter adjusted earnings from continuing operations we
- Commercial Metals Company Announces First Quarter Fiscal 2022 Conference Call Webcast DetailsIRVING, Texas, Dec. 13, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its first quarter earnings release for fiscal 2022, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, January 10, 2022, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Barbara Smith, Chairman, President & 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 Commercial Metals Company's Web site at www.cmc.com. Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metals products, and
- Commercial Metals to Acquire Tensar CorporationIRVING, Texas, Dec. 7, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) ("CMC") today announced it has entered into a definitive agreement to acquire TAC Acquisition Corp. ("Tensar"), a portfolio company of Castle Harlan Inc.'s fund, Castle Harlan Partners V, L.P., and a leading global provider of engineered solutions for subgrade reinforcement and soil stabilization used in road, infrastructure and commercial construction projects. The transaction, valued at $550 million, is subject to customary purchase price adjustments and is not contingent on any financing arrangements. The purchase price represents a multiple of 8.4x Tensar's expected 2021 EBITDA, inclusive of clearly execut
- Commercial Metals Company Reports Record Fourth Quarter And Full Year Fiscal 2021 ResultsIRVING, Texas, Oct. 14, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) today announced financial results for its fiscal fourth quarter ended August 31, 2021. Earnings from continuing operations were $152.3 million, or $1.24 per diluted share, on net sales of $2.0 billion, compared to prior year earnings from continuing operations of $67.8 million, or $0.56 per diluted share, on net sales of $1.4 billion. For the full year, earnings from continuing operations were $412.9 million, or $3.38 per diluted share, compared to $278.3 million, or $2.31 per diluted share in the prior year. During the fourth quarter of fiscal 2021, the Company recorded a net after-tax charge of $1.9 million
- Commercial Metals Company Announces Fourth Quarter Fiscal 2021 Conference Call Webcast DetailsIRVING, Texas, Sept. 14, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC), in conjunction with its fourth quarter earnings release for fiscal 2021, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 14, 2021, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Barbara Smith, Chairman, President & CEO and Paul Lawrence, Vice President & CFO. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit Commercial Metals Company's Web site at www.cmc.com. Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, relate