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Commercial Metals Company
Type
Public company
Traded as NYSE: CMC
S&P 400 component
Industry Metals
Founded 1915; 102 years ago (1915)
Headquarters Irving, Texas
Key people
Joseph Alvarado, President & Chairman & CEO
Products Steel
Production output
3.9 million tons of steel (2016)
Revenue Decrease $4.610 billion (FY 2016)
Net income
Decrease $0.054 billion (FY 2016)
Total assets Decrease $3.130 billion (FY 2016)
Total equity Decrease $1.367 billion (FY 2016)
Number of employees
8,388 (August 31, 2016)
Website www.cmc.com

Commercial Metals Company is a steel and metal manufacturer based in based in Irving, Texas.

The company owns steel minimills in Alabama, Arizona, Arkansas, South Carolina, Texas, and Poland and recycling facilities around the world.

In its fiscal year 2016, the company shipped 2.630 million tons of steel from its American mills and 1.254 million tons of steel from its mill in Poland.

The U.S. mills have 2.8 million tons of capacity and the Polish mill has 1.3 million tons of capacity.

The company was founded in 1915 by Jacob Feldman as a scrap trading company.

In 1994, the company acquired Owen Steel Company in an $87 million transaction.

In 2002, the company sold the heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds.

In June 2011, the company acquired G.A.M. Steel Pty. Ltd, based in Melbourne, Australia.

In November 2011, Carl Icahn offered to buy the company for $15 per share. In December 2011, the company rejected the offer. In January 2012, Icahn withdrew the offer after it didn't receive enough shareholder support.

In April 2016, the company broke ground on a mill in Durant, Oklahoma.

In October 2016, the company acquired the steel fabrication business of Associated Steel Workers, Limited.

In August 2017, the company sold its CMC Cometals Division for $179 million.

News

Commercial Metals Company 0.63% (basic materials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2021 2021-01-04 Future report Set alerts
Q4 2020 2020-10-21 Future report Set alerts
Q3 2020 2020-06-18 0.59 0.53
Q2 2020 2020-03-19 0.53 0.53
Q1 2020 2020-01-06 0.73 0.69
Q4 2019 2019-10-23 0.76 0.72
Q3 2019 2019-06-20 0.67 0.66
Q2 2019 2019-03-21 0.29 0.13
Q1 2019 2019-01-07 0.35 0.16
Q4 2018 2018-10-25 0.51 0.43

Ratings

2016-06-27 Downgrade Clarkson Capital Neutral to Sell
2016-06-04 Reiterated Rating Jefferies Group Buy
2016-06-02 Downgrade Bank of America Neutral to Underperform $17.00
2016-06-02 Downgrade Bank of America Corp. Neutral to Underperform $17.00
2016-03-28 Boost Price Target DA Davidson Buy $17.00 to $19.00
2016-03-28 Downgrade Credit Agricole Buy to Sell $17.00 to $15.00
2016-03-28 Lower Price Target Credit Suisse Neutral $16.00 to $15.00
2016-03-28 Downgrade Credit Agricole SA Buy to Sell $17.00 to $15.00
2016-03-28 Lower Price Target Credit Suisse Group AG Neutral $16.00 to $15.00
2016-03-21 Downgrade Jefferies Group Buy to Hold $16.50
2016-03-17 Reiterated Rating Bank of America Neutral
2016-03-10 Initiated Coverage Credit Suisse Neutral $16.00
2016-01-13 Reiterated Rating Jefferies Group Buy
2015-12-31 Reiterated Rating JPMorgan Chase & Co. Hold
2015-12-30 Lower Price Target JPMorgan Chase & Co. Neutral $19.00 to $16.00
2015-11-25 Reiterated Rating Bank of America Neutral $17.00
2015-10-31 Reiterated Rating Bank of America Neutral $18.00 to $17.00
2015-10-29 Lower Price Target Jefferies Group Buy $20.00 to $18.00
2015-10-29 Lower Price Target DA Davidson Buy $20.00 to $17.00
2015-09-16 Reiterated Rating Jefferies Group Buy $20.00
2015-08-17 Initiated Coverage Credit Agricole Buy $20.00
2015-08-17 Initiated Coverage CLSA Buy $20.00
2015-04-14 Initiated Coverage Clarkson Capital Hold $18.00
2015-03-16 Reiterated Rating Jefferies Group Buy $22.00 to $21.00
2015-01-15 Reiterated Rating Citigroup Inc. Buy $19.00 to $16.00
2015-01-07 Lower Price Target Citigroup Inc. Buy $20.00 to $19.00
2015-01-07 Set Price Target DA Davidson Buy $21.00 to $20.00
2014-10-30 Reiterated Rating DA Davidson Buy $23.00 to $21.00
2014-09-26 Upgrade Citigroup Inc. Neutral to Buy
2014-06-30 Reiterated Rating DA Davidson Buy $25.00 to $23.00
2014-02-24 Downgrade KeyBanc Buy to Hold
2014-01-24 Initiated Coverage Credit Suisse Neutral $20.11
2014-01-08 Boost Price Target DA Davidson $22.00 to $25.00
2013-12-04 Boost Price Target Jefferies Group Buy $19.00 to $22.00
2013-11-18 Downgrade Citigroup Inc. Buy to Neutral
2013-11-06 Boost Price Target KeyBanc Buy $21.00 to $22.00
2013-10-24 Boost Price Target DA Davidson Buy $20.00 to $22.00
2013-09-18 Initiated BMO Capital Markets Outperform $19
2013-09-17 Initiated Coverage BMO Capital Markets Outperform $19.00
2013-09-16 Boost Price Target Jefferies Group Buy $17.00 to $19.00
2013-01-14 Upgrade KeyBanc Capital Mkts Hold to Buy
2012-07-20 Initiated KeyBanc Capital Mkts Hold
2010-06-04 Initiated DA Davidson Buy $20
2010-03-25 Reiterated UBS Neutral $16 to $17
2009-11-02 Downgrade JP Morgan Overweight to Neutral
2009-09-23 Downgrade UBS Buy to Neutral
2009-06-12 Initiated Merriman Neutral
2008-12-18 Reiterated Davenport Buy $14 to $16
2008-07-11 Upgrade Citigroup Hold to Buy $40
2008-07-07 Upgrade Davenport Neutral to Buy $42
2008-06-19 Reiterated UBS Buy $42 to $44
2008-06-19 Downgrade Citigroup Buy to Hold $40
2008-05-12 Initiated UBS Buy $37
2007-11-30 Initiated Davenport Neutral $33
2007-10-31 Downgrade Longbow Buy to Neutral
2007-08-16 Upgrade CIBC Wrld Mkts Sector Perform to Sector Outperform
2016-06-27 Downgrade Clarkson Capital Neutral to Sell
2016-06-04 Reiterated Rating Jefferies Group Buy
2016-06-02 Downgrade Bank of America Neutral to Underperform $17.00
2016-06-02 Downgrade Bank of America Corp. Neutral to Underperform $17.00
2016-03-28 Boost Price Target DA Davidson Buy $17.00 to $19.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ALVARADO JOSEPH President and CEO 0.99%  (1170459) CMC / KMT / SE / TSE /
Smith Barbara SrVP & CFO 0.33%  (391455) CMA / CMC / MTX /
Porter Tracy L Sr. VP; Pres, CMC Americas 0.16%  (183878) CMC /
ELMORE JOHN C. SVP & PRESIDENT OF CMC INTERNA 0.12%  (135763) CMC /
MILLS RICK J 0.09%  (106476) CMC / DOOR / FLS /
LINDSEY MARY A VP and Chief Financial Officer 0.08%  (97924) CMC /
KIRKPATRICK PAUL K. Corporate Secretary 0.08%  (92222) CMC /
HATTEN TERRY P. VP and Chief Human Resources O 0.07%  (83170) CMC /
GAJDOS LUDOVIT VP CMC & Pres. CMC Europe 0.07%  (79848) CMC /
SMITH J DAVID 0.07%  (77186) BXC / CMC / GMS / NTK /
BEST RHYS J 0.06%  (75742) CMC / COG / ENLK / MRC / TRN /
RAISS SARAH E. 0.06%  (69537) CMC / RBA /
KELSON RICHARD B 0.05%  (62023) ANAD / CMC / MWV / NGVT / PNC /
Guido Robert L 0.05%  (60740) BYI / CMC /
MASSARO ANTHONY A 0.05%  (60703) CMC / PNC /
WINKLER JOSEPH C 0.04%  (51992) CMC / DRC / ECR / HCLP / TTI /
ADAMS HAROLD L 0.03%  (40523) CMC / LECO / LM /
AVRIL VICKI L 0.03%  (38888) BRSS / CMC / GEF / IPS /
Alleman James B SrVP, HR and Org. Dev. 0.03%  (37964) CMC /
SZEWS CHARLES L 0.03%  (31679) CMC / GPI / OSK / RDC /
DUBOIS CAREY J VP and Treasurer 0.02%  (26614) CMC /
BRUDER ANN J. SrVP & General Counsel 0.02%  (20087) BCOR / CMC /
BATCHELOR ADAM B. VICE PRESIDENT OF STRATEGY AND 0.02%  (18684) CMC /
LAWRENCE PAUL JAMES Treasurer & VP Financial Plan 0.01%  (13618) CMC /

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