Last $18.09 USD
Change Today -0.05 / -0.28%
Volume 80.6K
CMC On Other Exchanges
Symbol
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As of 10:55 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

commercial metals co (CMC) Snapshot

Open
$17.99
Previous Close
$18.14
Day High
$18.11
Day Low
$17.86
52 Week High
01/7/14 - $21.20
52 Week Low
08/30/13 - $14.67
Market Cap
2.1B
Average Volume 10 Days
1.1M
EPS TTM
$0.57
Shares Outstanding
117.8M
EX-Date
07/8/14
P/E TM
31.7x
Dividend
$0.48
Dividend Yield
2.66%
Current Stock Chart for COMMERCIAL METALS CO (CMC)

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commercial metals co (CMC) Details

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products through 31 scrap metal processing facilities to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. Its Americas Mills segment operates 5 steel mills that produce reinforcing bars, angles, flats, rounds, small beams, fence-post sections, and other shapes; 2 scrap metal shredder and processing facilities; and a railroad salvage company. The company's Americas Fabrication segment operates rebar and structural fabrication, fence post manufacturing plants, construction-related product facilities, and plants that bend, cut, weld, and fabricate steel; warehouses that sell or rent products for the installation of concrete; plants that produce steel fence posts; and plants that heat-treat steel. Its International Mill segment is engaged in mill, recycling, and fabrication operations through 2 rolling mini mills that produce reinforcing bar and merchant products; a specialty rod finishing mill; scrap processing facilities that support the mini mills; and 4 steel fabrication plants for reinforcing bar and mesh products. The company's International Marketing and Distribution segment is involved in the sale, distribution, and processing of steel products, industrial minerals, ores, metal concentrates, ferroalloys, and other industrial products to manufacturers in the steel, nonferrous metals, metal fabrication, chemical, refractory, construction, and transportation businesses. Commercial Metals Company was founded in 1915 and is headquartered in Irving, Texas.

9,411 Employees
Last Reported Date: 10/28/13
Founded in 1915

commercial metals co (CMC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $876.2K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $573.7K
Senior Vice President and President of CMC In...
Total Annual Compensation: $618.3K
Senior Vice President and President of CMC Am...
Total Annual Compensation: $547.2K
Compensation as of Fiscal Year 2013.

commercial metals co (CMC) Key Developments

Commercial Metals Company Declares Quarterly Dividend, Payable on July 24, 2014

The Board of Directors of Commercial Metals Company declared a quarterly dividend of $0.12 per share for shareholders of record on July 10, 2014. The dividend will be paid on July 24, 2014.

Commercial Metals Company Announces Entrance into Fourth Amended and Restated Credit Agreement

Commercial Metals Company announced that it has entered into a Fourth Amended and Restated Credit Agreement. The Fourth Amended and Restated Credit Agreement increased the revolving credit facility from $300 million to $350 million and extended its maturity date to June 2019.

Commercial Metals Company Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2014; Provides Operating Guidance for the Fourth Quarter of 2014; Reaffirms Capex Guidance for the Fiscal Year 2014

Commercial Metals Company reported unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2014. For the quarter, the company reported total net sales of $1,804,774,000 against $1,752,542,000 a year ago. Adjusted operating profit from continuing operations was $57,660,000 against $54,797,000 a year ago. Adjusted operating profit was $57,243,000 against $55,753,000 a year ago. Earnings from continuing operations were $23,843,000 or $0.20 per basic and diluted share against $18,365,000 or $0.16 per basic and diluted share a year ago. Net earnings attributable to the company were $23,563,000 or $0.20 per basic and diluted share against $18,964,000 or $0.16 per basic and diluted share a year ago. Adjusted EBITDA from continuing operations was $90,388,000 against $87,620,000 a year ago. Adjusted EBITDA was $89,971,000 against $89,277,000 a year ago. For the nine months, the company reported total net sales of $5,136,763,000 against $5,190,714,000 a year ago. Adjusted operating profit from continuing operations was $172,684,000 against $176,130,000 a year ago. Adjusted operating profit was $182,429,000 against $173,027,000 a year ago. Earnings from continuing operations were $66,863,000 or $0.57 per diluted share against $73,258,000 or $0.61 per diluted share a year ago. Net earnings attributable to the company were $80,625,000 or $0.68 per diluted against $177,269,000 or $0.62 per diluted a year ago. Net cash flows from operating activities were $94,305,000 against $43,071,000 a year ago. Capital expenditures were $67,718,000 against $63,008,000 a year ago. Adjusted EBITDA from continuing operations was $259,307,000 against $270,124,000 a year ago. Adjusted EBITDA was $282,161,000 against $275,502,000 a year ago. The company anticipates that operational results for the fourth quarter of fiscal 2014 will remain consistent with third quarter of fiscal 2014 results. The company maintains capex guidance of $140 million for the fiscal year 2014.

 

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CMC

Industry Average

Valuation CMC Industry Range
Price/Earnings 30.5x
Price/Sales 0.3x
Price/Book 1.6x
Price/Cash Flow 25.3x
TEV/Sales 0.0x
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