Commercial Metals Expects Consolidated Financial Results In Fiscal Fourth Quarter To Be Consistent With Third Quarter Levels

6/20/24 6:56:04 AM ET

Steel/Iron Ore

Industrials

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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."

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Recent Analyst Ratings for
$CMC

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

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$CMC
Leadership Updates

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CMC Announces Appointment of Kekin Ghelani as Senior Vice President, Chief Strategy Officer
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
10/1/24 4:30:00 PM ET
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D.R. Horton, Inc. Appoints Three New Independent Directors
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
8/28/24 6:55:00 AM ET
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CMC Announces Executive and Board Leadership Changes
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.
8/2/24 7:30:00 AM ET
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$CMC
Market Insights

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(CMC) - Analyzing Commercial Metals's Short Interest
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
7/24/24 1:45:24 PM ET
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$1000 Invested In Commercial Metals 5 Years Ago Would Be Worth This Much Today
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
7/5/24 4:00:29 PM ET
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How Is The Market Feeling About Commercial Metals?
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
7/3/24 10:45:24 AM ET
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CMC Statement Regarding Pacific Steel Group v. Commercial Metals Co. Litigation
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
11/5/24 10:14:00 PM ET
$CMC
Steel/Iron Ore
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CMC Reports Fourth Quarter and Full Year Fiscal 2024 Results
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
10/17/24 6:30:00 AM ET
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CMC Announces Quarterly Dividend of $0.18 Per Share
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
10/15/24 8:40:00 AM ET
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Financials

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CMC Reports Fourth Quarter and Full Year Fiscal 2024 Results
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
10/17/24 6:30:00 AM ET
$CMC
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CMC Announces Quarterly Dividend of $0.18 Per Share
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
10/15/24 8:40:00 AM ET
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CMC Announces Fourth Quarter Fiscal 2024 Conference Call Time One Hour Earlier
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
9/25/24 4:15:00 PM ET
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Commercial Metals Expects Consolidated Financial Results In Fiscal Fourth Quarter To Be Consistent With Third Quarter Levels

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SEC Form SC 13G/A filed by Commercial Metals Company (Amendment)

SEC Form SC 13G/A filed by Commercial Metals Company (Amendment)

SEC Form SC 13G/A filed by Commercial Metals Company (Amendment)

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Director Arriola Dennis V was granted 19 shares, increasing direct ownership by 0.94% to 2,040 units (SEC Form 4)

Director Raiss Sarah E. was granted 49 shares, increasing direct ownership by 0.05% to 97,411 units (SEC Form 4)

Director Mcpherson John R was granted 25 shares, increasing direct ownership by 0.30% to 8,263 units (SEC Form 4)

$CMC Leadership Updates

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CMC Announces Appointment of Kekin Ghelani as Senior Vice President, Chief Strategy Officer

D.R. Horton, Inc. Appoints Three New Independent Directors

CMC Announces Executive and Board Leadership Changes

$CMC Market Insights

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(CMC) - Analyzing Commercial Metals's Short Interest

$1000 Invested In Commercial Metals 5 Years Ago Would Be Worth This Much Today

How Is The Market Feeling About Commercial Metals?

$CMC Insider Purchases

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Matt Peter R bought $249,860 worth of shares (6,200 units at $40.30), increasing direct ownership by 7% to 92,182 units (SEC Form 4)

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CMC Statement Regarding Pacific Steel Group v. Commercial Metals Co. Litigation

CMC Reports Fourth Quarter and Full Year Fiscal 2024 Results

CMC Announces Quarterly Dividend of $0.18 Per Share

$CMC Financials

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CMC Reports Fourth Quarter and Full Year Fiscal 2024 Results

CMC Announces Quarterly Dividend of $0.18 Per Share

CMC Announces Fourth Quarter Fiscal 2024 Conference Call Time One Hour Earlier

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Commercial Metals Company filed SEC Form 8-K: Regulation FD Disclosure

Commercial Metals Company filed SEC Form 8-K: Entry into a Material Definitive Agreement

SEC Form S-8 filed by Commercial Metals Company

Commercial Metals downgraded by Wolfe Research

Jefferies initiated coverage on Commercial Metals with a new price target

UBS initiated coverage on Commercial Metals with a new price target

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