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CMC Reports Second Quarter Fiscal 2024 Results
Prnewswire· 2024-03-21 10:45
Second quarter net earnings of $85.8 million, or $0.73 per diluted share Consolidated 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 season North America and Europe Steel Groups achieved meaningful year-over-year improvements in controllable costs per ton of finished steel shipped, contributing positively to financial performance Europe S ...
CMC Announces a 13% Increase In Quarterly Dividend
Prnewswire· 2024-03-20 12:48
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 ...
CMC Announces Second Quarter Fiscal 2024 Conference Call Webcast Details
Prnewswire· 2024-02-21 21:15
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), ple ...
Commercial Metals (CMC) Up 3.3% Since Last Earnings Report: Can It Continue?
Zacks Investment Research· 2024-02-07 17:31
It has been about a month since the last earnings report for Commercial Metals (CMC) . Shares have added about 3.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Commercial Metals due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Commercial Metals Q1 Earnings Top ...
New Strong Sell Stocks for January 23rd
Zacks Investment Research· 2024-01-23 11:16
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Cenovus Energy Inc. (CVE) is an oil and gas exploration and production company. The Zacks Consensus Estimate for its current year earnings has been revised 5.7% downward over the last 60 days.Commercial Metals Company (CMC) is a steel and metal fabrication company. The Zacks Consensus Estimate for its current year earnings has been revised 7.9% downward over the last 60 days.Cutera, Inc. (CUTR) is a dermatology solutions company. The ...
CMC(CMC) - 2024 Q1 - Earnings Call Transcript
2024-01-08 19:14
Commercial Metals Company (NYSE:CMC) Q1 2024 Earnings Conference Call January 8, 2024 11:00 AM ET Company Participants Peter Matt - President and CEO Paul Lawrence - SVP and CFO Conference Call Participants Phil Gibbs - KeyBanc Capital Markets Timna Tanners - Wolfe Research Alex Hacking - Citi Operator Hello, and welcome, everyone, to the First Quarter Fiscal 2024 Earnings Call for CMC. Joining me on today's call are Peter Matt, CMC's President and Chief Executive Officer; and Paul Lawrence, Senior Vice Pre ...
CMC(CMC) - 2024 Q1 - Earnings Call Presentation
2024-01-08 18:11
Performance Reinforcing Steel Q1 FY24 Supplemental Slides January 8, 2024 Structural Trends Expected to Support North America Construction +1,100% Y/Y (trailing 3-mo) +13% vs. prior year Clean Energy Generation Investments5 Estimated Potential Impact on Rebar Demand6 (at full run-rate relative to current annual domestic demand ~9 million tons) >$150 billion 8 FY 2024 State DOT Highway Budgets2 RESHORING AND SUPPLY CHAIN REALIGNMENT Manufacturing Facilities for Clean Energy5 $12 billion DOE loans $550 billio ...
CMC(CMC) - 2024 Q1 - Quarterly Report
2024-01-07 16:00
Delaware 75-0725338 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ PART I — FINANCIAL INFORMATION 3 Item 4. Mine Safety Disclosures 34 Signature 37 PART I. FINANCIAL INFORMATION Average diluted shares outstanding 118,354,913 118,925,442 See notes to condensed consolidated financial statements. | --- | --- | --- | --- | |---------- ...
CMC(CMC) - 2023 Q4 - Earnings Call Transcript
2023-10-12 18:46
Commercial Metals Company (NYSE:CMC) Q4 2023 Earnings Conference Call October 12, 2023 11:00 AM ET Company Participants Barbara Smith - Executive Chairman of the Board Peter Matt - President and Chief Executive Officer Paul Lawrence - Senior Vice President and Chief Financial Officer Conference Call Participants Tristan Gresser - BNP Paribas Exane Timna Tanners - Wolfe Research, LLC Alexander Hacking - Citigroup Inc. Operator [Call Starts Abruptly] Today's materials, including the press release and suppleme ...
CMC(CMC) - 2023 Q4 - Annual Report
2023-10-11 16:00
PART III 83 Item 10: Directors, Executive Officers and Corporate Governance 83 Item 11: Executive Compensation 83 Item 12: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 83 Item 13: Certain Relationships and Related Transactions and Director Independence 83 Item 14: Principal Accountant Fees and Services 83 PART IV 84 PART I ITEM 1. BUSINESS DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS References in this Annual Report to "CMC," "the Company," "we," "our" an ...