Profile
Sector:
Basic MaterialsIndustry:
Steel & IronCountry:
United StatesIPO:
17 March 1980Website:
http://www.cmc.comNext earnings report:
11 October 2024Last dividends:
01 July 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:20:01 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
CMC Latest News
VANCOUVER, BC / ACCESSWIRE / June 27, 2024 / CMC Metals Ltd. (TSXV:CMB)(Frankfurt:ZM5P)(OTCQB:CMCXF) ("CMC" or the "Company") is pleased to announce that the Company has completed the final payment on the Blue Heaven Property with the optionor Strategic Metals Ltd.
Commercial Metals' (CMC) Q3 top line primarily reflects the impacts of the ongoing challenging environment in Europe.
Commercial Metals Company (NYSE:CMC ) Q3 2024 Earnings Call Transcript June 20, 2024 11:00 AM ET Company Participants Peter Matt - President and CEO Paul Lawrence - SVP and CFO Conference Call Participants Sathish Kasinathan - Bank of America Tristan Gresser - BNP Paribas Curt Woodworth - UBS Katja Jancic - BMO Capital Markets Timna Tanners - Wolfe Research Alex Hacking - Citi Operator Hello, and welcome everyone, to the Third 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 President and Chief Financial Officer.
Commercial Metals (CMC) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $2.02 per share a year ago.
Third quarter net earnings of $119.4 million, or $1.02 per diluted share Consolidated 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 margins Stable North American downstream backlog volumes due to robust pipeline of new construction projects Emerging Businesses Group adjusted EBITDA and adjusted EBITDA margin rebounded sharply, reflecting continued strong demand for our high margin construction solutions Europe Steel Group achieved near breakeven results, continuing the trend of improving performance despite a challenging market backdrop IRVING, Texas , June 20, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal third quarter ended May 31, 2024. Net earnings were $119.4 million, or $1.02 per diluted share, on net sales of $2.1 billion, compared to prior year period net earnings of $234.0 million, or $1.98 per diluted share, on net sales of $2.3 billion.
IRVING, Texas , June 19, 2024 /PRNewswire/ -- Today, June 19, 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 239th consecutive quarterly dividend will be paid on July 10, 2024, to stockholders of record as of the close of business on July 1, 2024.
Commercial Metals (CMC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors may keep a tab on stocks like INDB, NECB, STM, CMC and JPM, which have lately hiked their dividend payments.
Commercial Metals (CMC) second-quarter top line reflects the ongoing challenging environment in Europe.
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 does Commercial Metals report earnings?
The next expected earnings date for Commercial Metals is 11 October 2024