Profile
Sector:
Basic MaterialsIndustry:
Steel & IronCountry:
United StatesIPO:
17 March 1980Website:
http://www.cmc.comNext earnings report:
08 January 2025Last dividends:
01 July 2024Next dividends:
N/APrice
after hours | 4 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
CMC Latest News
VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P) (“CMC” or the “Company”) is pleased to report that it has entered into an option agreement (“Agreement”) with Coeur Silvertip Holdings, Ltd.
Longeveron has appointed Devin Blass as Chief Technology Officer (CTO) and SVP of CMC, effective Dec 2, adding capabilities ahead of potential BLA filing.
VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5N) (“CMC” or the “Company”) is pleased to announce the results of its 2024 Annual and Special General Meeting (“AGM”) of shareholders held on September 25, 2024.
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.
Weaker steel prices and the sluggishness in China mar prospects of the Zacks Steel Producers industry. STLD, CMC and SID are well poised to navigate the current challenging environment.
The firm's NOPAT margin (NOPAT margin/Revenue) has fallen to its lowest level since 2021, to 7.39% compared to 9.76% in 2023. With a stock price of $54 at the time of writing, CMC has a price-to-EBV per share of 1.22. The long-term evolution is one of growing ROIC, from more than 6% in 2019 to just over 9% in 2024.
Technicals point to a market-top on the intermediate 5-year chart. Sales, earnings & margins decreased meaningfully in fiscal 2024. A no growth environment is also expected in fiscal 2025. Management is selling investors on the TAG program (A program aimed at driving internal efficiencies agressively) but meaningful impacts will take years to develop.
CMC's Q4 earnings reflect the impacts of lower sales across all segments.
Commercial Metals Company (NYSE:CMC ) Q4 2024 Earnings Call Transcript October 17, 2024 10:00 AM ET Company Participants Peter Matt - President and CEO Paul Lawrence - SVP and CFO Conference Call Participants Sathish Kasinathan - Bank of America Katja Jancic - BMO Capital Markets Timna Tanners - Wolfe Research Tristan Gresser - BNP Paribas Exane Phil Gibbs - KeyBanc Capital Markets Operator Hello, and welcome, everyone, to the Fourth Quarter and Fiscal Year 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 President and Chief Financial Officer.
Commercial Metals (CMC) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.69 per share a year ago.
What type of business is Commercial Metals?
Commercial Metals Company is an American metallurgical company. Registered in 1946 in the state of Delaware, Commercial Metals Company and its subsidiaries process and produce steel and metal products, related materials, and services through a network of facilities in the United States and Poland. The North American segment is a vertically integrated network of scrap processing facilities, steel mills, and manufacturing plants. The segment includes 41 scrap processing facilities. The European segment is a vertically integrated network of waste processing facilities, a steel mill, and manufacturing plants located in Poland.
What sector is Commercial Metals in?
Commercial Metals is in the Basic Materials sector
What industry is Commercial Metals in?
Commercial Metals is in the Steel & Iron industry
What country is Commercial Metals from?
Commercial Metals is headquartered in United States
When did Commercial Metals go public?
Commercial Metals initial public offering (IPO) was on 17 March 1980
What is Commercial Metals website?
https://www.cmc.com
Is Commercial Metals in the S&P 500?
No, Commercial Metals is not included in the S&P 500 index
Is Commercial Metals in the NASDAQ 100?
No, Commercial Metals is not included in the NASDAQ 100 index
Is Commercial Metals in the Dow Jones?
No, Commercial Metals is not included in the Dow Jones index
When was Commercial Metals the previous earnings report?
No data
When does Commercial Metals earnings report?
The next expected earnings date for Commercial Metals is 08 January 2025