Commercial Metals Co.
Commercial Metals Company (CMC) is a global, low-cost metals recycling, manufacturing, fabricating, and trading enterprise. Originating in 1915 with a single recycling location, it has progressively moved into higher value downstream segments of the steel value chain and is now a vertically integrated company. With corporate headquarters in Irving, Texas, today it operates in four primary business segments at over 200 locations and in more than 20 countries.
Latest News
Commercial Metals Reports Record 4th Quarter Earnings
20 October 2004 - Commercial Metals Co. reported record net earnings of $47.4 million on net sales of $1.5 billion for the fourth quarter and net earnings of $132.0 million on net sales of $4.8 billion for the year ended August 31, 2004.
SMI Seguin Meltshop Back to Full Production with Reinstalled Transformer
12 October 2004 - Commercial Metals Co. announced that Structural Metals, Inc. (SMI Texas) has completed reinstallation of its repaired primary electric arc furnace transformer. The Seguin, Texas, meltshop is now back in full production.
CMC Steel Group Names Executive Vice President of Finance and Administration
30 September 2004 - Commercial Metals Co. announced that Bob Unfried was named as Executive Vice President—Finance and Administration for the CMC Steel Group.
CMC Secondary Metals Processing President to Retire
24 September 2004 - Commercial Metals Co. announced that Harry Heinkele, President of CMC's Secondary Metals Processing Division, will retire effective September 30, 2004 after more than 24 years with the company.
CMC Appoints Executive VP and Chief Operating Officer
24 September 2004 - Stanley A. Rabin, Chairman of the Board, President and CEO of Commercial Metals Co. announced the selection of Murray R. McClean as Executive Vice President and Chief Operating Officer of the company. McClean was selected for the newly created position by CMC’s Board.
SMI Steel Products Enters Agreement for SmartBeam Technology
22 September 2004 - SMI Steel Products, Ark., has signed an exclusive agreement with R.F. Stearns to drive the use of SMI's SmartBeam(R) product in multi-story structures throughout Alaska, Hawaii, Washington, Oregon and Northern California. Leveraging Stearns' design/build capabilities, this strategic alliance will help developers, contractors and architects to improve aesthetics, performance, scheduling and cost for steel frames within parking garages, industrial buildings, office buildings and other commercial structures.
Commercial Metals Reports All Time Record Earnings
23 June 2004 - Commercial Metals Co. reported net earnings of $50.9 million on net sales of $1.4 billion for the quarter ended May 31, 2004, earning more this quarter than any complete year in the company's history.
CMC Announces Extension of Exchange Offer
11 June 2004 - Commercial Metals Co. announced that its offer to exchange all of its outstanding 5.625% Senior Notes due 2013 for its registered 5.625% Senior Notes due 2013 will expire at 5:00 p.m., Eastern time, on July 7, 2004.
Transformer Failure Curtails Production at SMI Texas
10 June 2004 - Structural Metals, Inc. has suffered failure of the primary and principal backup electric arc furnace transformers at its Seguin, Texas, facility (SMI Texas).
CMC Increases Quarterly Cash Dividend by 25%
03 June 2004 - Commercial Metals Co.’s Board of Directors raised the company’s quarterly cash dividend from eight to ten cents per share, an increase of 25%.
