Last $15.81 USD
Change Today -0.08 / -0.50%
Volume 435.9K
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As of 12:20 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

commercial metals co (CMC) Key Developments

Commercial Metals Company to Invest $12 Million to Relocate and Expand its Manufacturing Operation in King George County

Governor Terry McAuliffe announced that Commercial Metals Company will invest $12 million to relocate and expand its manufacturing operation in King George County. The project will retain approximately 40 existing jobs and create another 20 new jobs.

Commercial Metals Company Provides Capital Expenditure Guidance for 2015

Commercial Metals Company provided capital expenditure guidance for 2015. The company is estimating 2015 capital budget to be between $140 million and $180 million. Many of these projects aim to address unlocking additional efficiencies and production capabilities at many of its facilities.

Commercial Metals Company Declares Quarterly Dividend, Payable on November 26, 2014; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended August 31, 2014; Reports Impairment of Assets for the Third Quarter of 2014

On October 27, 2014, Commercial Metals Company declared a quarterly dividend of $0.12 for stockholders of record on November 12, 2014. The dividend will be paid on November 26, 2014. The company announced unaudited consolidated earnings results for the fourth quarter and full year ended August 31, 2014. For the quarter, the company reported total net sales of $1,903,196,000 against $1,698,861,000 a year ago. Adjusted operating profit was $65,997,000 against $37,083,000 a year ago. Earnings from continuing operations before income taxes were $45,291,000 against $17,831,000 a year ago. Earnings from continuing operations were $35,224,000 or $0.29 per basic and diluted share against $3,728,000 or $0.03 per basic and diluted share a year ago. Net earnings attributable to the company were $34,926,000 or $0.29 per basic and diluted share against $4,057,000 or $0.03 per basic and diluted share a year ago. Adjusted operating profit from continuing operations was $66,517,000 against $36,654,000 a year ago. Adjusted operating profit was $65,997,000 against $37,083,000 a year ago. Adjusted EBITDA from continuing operations was $102,421,000 against $83,418,000 a year ago. Adjusted EBITDA was $101,901,000 against $84,527,000 a year ago. For the nine months, the company reported total net sales of $7,039,959,000 against $6,889,575,000 a year ago. Adjusted operating profit was $248,426,000 against $210,110,000 a year ago. Earnings from continuing operations before income taxes were $144,811,000 against $132,936,000 a year ago. Earnings from continuing operations were $102,087,000 or $0.87 per basic and diluted share against $74,957,000 or $0.64 per basic and diluted share a year ago. Net earnings attributable to the company were $115,551,000 or $0.98 per basic and diluted share against $77,315,000 or $0.66 per basic and diluted share a year ago. Net cash flows from operating activities were $136,940,000 against $147,732,000 a year ago. Capital expenditures were $101,749,000 against $89,035,000 a year ago. Adjusted operating profit from continuing operations was $226,417,000 against $206,438,000 a year ago. Adjusted operating profit was $248,426,000 against $210,110,000 a year ago. Adjusted EBITDA from continuing operations was $361,728,000 against $353,542,000 a year ago. Adjusted EBITDA was $384,062,000 against $360,029,000 a year ago. For the quarter, the company reported impairment of assets of $2,271,000 against $13,836,000 a year ago.

Commercial Metals Company Presents at Goldman Sachs 2014 Metals, Mining & Steel Conference, Nov-19-2014 02:30 PM

Commercial Metals Company Presents at Goldman Sachs 2014 Metals, Mining & Steel Conference, Nov-19-2014 02:30 PM. Venue: Goldman Sachs Conference Center, 200 West Street, New York, New York, United States. Speakers: Joe Alverado, Chairman, President and Chief Executive Officer, Tracy L. Porter, Senior Vice President and President of CMC Americas Division.

Commercial Metals Company - Shareholder/Analyst Call

To discuss the current plans, strategies, and markets

 

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Valuation CMC Industry Range
Price/Earnings 17.8x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 15.6x
TEV/Sales NM Not Meaningful
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