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 3rd Quarter Results
22 June 2011 - Commercial Metals Co. reported net income of $36.2 million, or $0.31 per diluted share, on net sales of $2.1 billion for the quarter ended May 31, 2011. This compares with a net loss of $8.8 million, or $0.08 per diluted share, on net sales of $1.8 billion for last year's Q3.
Commercial Metals to Acquire Australian Long Products Distributor
27 May 2011 - Commercial Metals Co. has entered into a definitive agreement to purchase G.A.M. Steel Pty. Ltd. based in Melbourne, Australia. Completion of the acquisition is contingent upon customary closing conditions.
Commercial Metals Company Names New Chief Financial Officer
06 May 2011 - Commercial Metals Co announced that Barbara R. Smith will assume the role of Senior Vice President and Chief Financial Officer, succeeding Bill Larson who has been with CMC for twenty years.
Siemens to Supply Static Var Compensation System to CMC Steel Texas
13 April 2011 - CMC Steel Texas has placed an order with Siemens Industry, Inc. to supply a turnkey SVC Plus static var compensation system for the company’s steel minimill in Seguin, Texas.
CMC Enters Two Year Sale of Accounts Receivables Facility
12 April 2011 - Commercial Metals Co. and several of its subsidiaries have entered into a facility with Wells Fargo Bank, N.A to provide for a two-year sale of accounts receivables.
CMC Announces New President and Chief Operating Officer
08 April 2011 - Commercial Metals Company announced the promotion of Joe Alvarado to the position of President and Chief Operating Officer.
Commercial Metals Sees Improved Outlook
23 March 2011 - Commercial Metals Co. reported a net loss of $46.2 million for the second quarter and a net loss of $45.5 million for the six months ended February 28, 2011.
Commercial Metals Reports First Quarter Results
22 December 2010 - Commercial Metals Co. reported net income of $0.7 million or $0.01 per diluted share on net sales of $1.8 billion for the quarter ended November 30, 2010. This compares with a net loss of $31.2 million or $0.28 per share on net sales of $1.4 billion for the first quarter of last year.
CMC Reports 4th Quarter, Year-End Results
01 November 2010 - Commercial Metals Co. reported net earnings of $8.0 million on net sales of $1.8 billion for the fourth quarter and a net loss of $205.3 million on net sales of $6.3 billion for the year ended August 31, 2010.
Steel Dynamics to Buy Joist-Making Assets from Commercial Metals
29 September 2010 - Steel Dynamics, Inc. has agreed to acquire from affiliates of Commercial Metals Co. certain facilities and assets of CMC's former steel-joist manufacturing operations. These assets will become a part of SDI's wholly owned subsidiary, New Millennium Building Systems.
CMC Announces Management Promotions
10 August 2010 - Commercial Metals Co.'s Board of Directors has promoted four officers, all of whom had previously been elected a Vice President of CMC. They will now serve as Senior Vice President in addition to their existing titles reflecting specific areas of responsibility.
Commercial Metals Reports 3rd Quarter Loss
23 June 2010 - Commercial Metals Co. reported a net loss of $8.8 million, or $0.08 per diluted share, on net sales of $1.8 billion for the quarter ended May 31, 2010. This compares with a net loss of $13.1 million, or $0.12 per diluted share, on net sales of $1.3 billion for the same period last year.
Commercial Metals Issues Third Quarter Guidance
19 May 2010 - Commercial Metals is estimating that third-quarter results will range from breakeven to a $0.10 per share loss, up from a loss of $1.53 per share in the previous quarter.
Commercial Metals Announces Two Executive Appointments
21 April 2010 - Commercial Metals Co. has appointed Joseph Alvarado as Executive Vice President and Chief Operating Officer of CMC, and Tracy L. Porter as Vice President of CMC and President of the CMC Americas Division. Alvarado begins his new role on April 30; Porter's new role is effective April 19.
CMC Reports Second Quarter Loss
25 March 2010 - Commercial Metals Co. reported a net loss of $173.3 million on net sales of $1.32 billion for the second quarter and a net loss of $204.5 million on net sales of $2.72 billion for the six months ended February 28, 2010.
CMC Zawiercie Operates New Bar Mill with Morgan XpertManager
18 March 2010 - Siemens VAI Metals Technologies has received an order from CMC Zawiercie S.A. to equip a new bar mill with the Morgan XpertManager manufacturing execution system, which will enable the company to analyze operations, manage production, and optimize the mill’s throughput.
Tenova Core Consteel® Startup at CMC Mesa
15 March 2010 - Commercial Metals Co. (CMC) has recently completed the successful startup of a new Consteel system designed and supplied by Tenova Core. The new CMC micro-mill plant located in Mesa, Ariz., is producing reinforcing bar.
CMC Anticipates Second Quarter Loss
15 March 2010 - Commercial Metals Co. is estimating it will record a net loss between $170 and $180 million ($1.50 to $1.60 per share) for the quarter ended February 28, 2010.
Commercial Metals to Exit Joist and Deck Business
01 March 2010 - Commercial Metals Co. recently announced its decision to exit the joist and deck business by way of sale and/or closure of those facilities. The company also has amended its agreement regarding its $400 million revolver and its $100 million accounts receivable (A/R) securitization agreement.
Danieli Micromill Started Up at CMC Arizona
10 February 2010 - Commercial Metals Co.’s CMC Steel Arizona has started up a new generation of Danieli continuous casting-rolling micromill. MI.DA® completes the range of Danieli minimills.
