Last $14.73 USD
Change Today -0.09 / -0.61%
Volume 1.0M
CMC On Other Exchanges
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Exchange
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As of 8:04 PM 06/18/13 All times are local (Market data is delayed by at least 15 minutes).

commercial metals co (CMC) Snapshot

Open
$14.77
Previous Close
$14.82
Day High
$14.95
Day Low
$14.62
52 Week High
02/19/13 - $17.47
52 Week Low
06/25/12 - $11.44
Market Cap
1.7B
Average Volume 10 Days
959.9K
EPS TTM
$0.66
Shares Outstanding
116.9M
EX-Date
04/5/13
P/E TM
22.3x
Dividend
$0.48
Dividend Yield
3.26%
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 processes scrap metals for use as a raw material by manufacturers of new metal products through 33 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. It also operates five steel mills producing reinforcing bars, angles, flats, rounds, small beams, fence-post sections, and other shapes; two scrap metal shredder and processing facilities; a railroad salvage company; and a copper tube minimill. In addition, the company conducts fabrication operations, fence post manufacturing plants, and construction-related and other product facilities that operate through a network of steel 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. Further, it operates two rolling mills that produce reinforcing bar and merchant products; a rolling mill that produces wire rods; a specialty rod finishing mill; scrap processing facilities that support minimills; and four steel fabrication plants for reinforcing bar and mesh products. Additionally, the company markets and distributes steel, copper and aluminum coils, sheets and tubing, ores, metal concentrates, industrial minerals, ferroalloys, and chemicals to the manufacturers in the steel, nonferrous metals, metal fabrication, chemical, refractory, and transportation businesses. Commercial Metals Company was founded in 1915 and is headquartered in Irving, Texas.

9,860 Employees
Last Reported Date: 10/30/12
Founded in 1915

commercial metals co (CMC) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $875.6K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $583.0K
Senior Vice President and President of CMC Am...
Total Annual Compensation: $575.0K
Senior Vice President of Law, Government Affa...
Total Annual Compensation: $470.1K
Executive Advisor to Chief Executive Officer
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2012.

commercial metals co (CMC) Key Developments

Commercial Metals Company Provides Update on its Tender Offer for Any and All of its Outstanding 5.625% Senior Notes Due 2013

Commercial Metals Company announced a cash tender offer and related consent solicitation, which commenced on May 6, 2013, for any and all of its outstanding 5.625% Senior Notes due 2013, which expired at 11:59 p.m., New York City time, on June 3, 2013. As of the Expiration Date, $59.965 million aggregate principal amount of the 2013 Notes had been validly tendered and not validly withdrawn in the Tender Offer (representing approximately 30% of the $200 million in aggregate principal amount of the 2013 Notes outstanding prior to the commencement of the Tender Offer). All of the 2013 Notes that were validly tendered prior to 5:00 p.m., New York City time, on May 17, 2013 pursuant to the Tender Offer were accepted for purchase and payment on May 20, 2013. An additional $2,000 aggregate principal amount of the 2013 Notes have been validly tendered after the Consent Payment Deadline but on or prior to the Expiration Date and were accepted for purchase and payment on June 4, 2013.

Commercial Metals Company Announces Redemption to the Holders of 5.625% Senior Notes Due 2013

On May 20, 2013, the Commercial Metals Company provided notice to the 1995 Trustee of the company's election to redeem, on June 19, 2013 (the Redemption Date), all of the company's 5.625% Senior Notes due 2013 (the 2013 Notes) that remain outstanding following the consummation of the company's previously announced offer to purchase any and all of the outstanding 2013 Notes and related consent solicitation, which commenced on May 6, 2013, at a redemption price of 100% of the face amount of the 2013 Notes, plus a make-whole premium and accrued and unpaid interest to the Redemption Date. On May 20, 2013, the company accepted for purchase and payment all of the approximately 30% of the $200,000,000 in outstanding aggregate principal amount of the 2013 Notes that were validly tendered (and not validly withdrawn) prior to 5:00 p.m., New York City time, on May 17, 2013 pursuant to the Tender Offer. The company paid the aggregate Tender Offer consideration and consent payments to the tendering holders of the 2013 Notes on May 20, 2013. The Tender Offer will expire at 11:59 p.m., New York City time, on June 3, 2013, unless extended or earlier terminated by the company.

CMS Seeks Acquisitions

Commercial Metals Company (NYSE:CMC) is seeking acquisitions. CMS intends to use net proceeds from the sale of the debt securities to which this prospectus relates will be used for general corporate purposes. General corporate purposes may include repayment of debt, acquisitions, and additions to working capital, capital expenditures and investments in our subsidiaries. Net proceeds may be temporarily invested prior to use.

 

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Industry Analysis

CMC

Industry Average

Valuation CMC Industry Range
Price/Earnings 15.8x
Price/Sales 0.2x
Price/Book 1.3x
Price/Cash Flow 13.8x
TEV/Sales 0.0x
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