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Commercial Metals Co (CMC.N)

CMC.N on New York Stock Exchange

20.04USD
21 Jul 2017
Change (% chg)

$-0.42 (-2.05%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Commercial Metals names Barbara Smith as CEO, effective Sept. 1
Monday, 26 Jun 2017 09:00am EDT 

June 26 (Reuters) - Commercial Metals Co ::Commercial Metals Company announces promotion of Smith to president and chief executive officer.Commercial Metals Co says effective September 1, Barbara Smith will assume role of president and CEO of company and become member of board.Commercial Metals Co - Joe Alvarado will continue to serve company as chief executive officer through August 31, 2017.Commercial Metals Co - Alvarado will continue to serve as chairman of board through company's annual meeting of stockholders to be held in January 2018.  Full Article

Commercial Metals co, unit entered second amendment to fourth amended and restated credit agreement - SEC Filing
Monday, 26 Jun 2017 06:21am EDT 

June 26 (Reuters) - Commercial Metals Co :Commercial Metals Co - On June 23, co, unit entered second amendment to fourth amended and restated credit agreement - SEC Filing.Commercial Metals Co - Amendment amends agreement to provide for a coterminous delayed draw term loan in maximum principal amount of $150.0 million.Commercial Metals Co - Amendment also amends agreement to extend maturity date of credit agreement to June 23, 2022.  Full Article

Commercial Metals Q3 earnings per share $0.34
Thursday, 22 Jun 2017 06:45am EDT 

June 22 (Reuters) - Commercial Metals Co ::Commercial Metals Company reports third quarter fiscal 2017 earnings per share of $0.34.Q3 earnings per share $0.34.Q3 sales $1.4 billion versus I/B/E/S view $1.34 billion.Q3 earnings per share view $0.25 -- Thomson Reuters I/B/E/S.Commercial Metals Co - "anticipate stability in key macro economic drivers that impact our business for remainder of our fiscal 2017".  Full Article

Commercial Metals says costs associated with sale of CMC Cometals to be about $10 mln
Thursday, 15 Jun 2017 04:36pm EDT 

June 15 (Reuters) - Commercial Metals Co :Commercial metals co says estimates costs associated with sale of cmc cometals are expected to be approximately $10.0 million - sec filing.Commercial metals co says costs associated with selling or exiting cmc cometals steel, cmc australia, cmc asia are not currently reasonably estimable.Commercial metals-cmc cometals,cmc cometals steel,cmc australia,cmc asia to be presented as discontinued operations when they meet held for sale criteria/abandoned.  Full Article

Commercial Metals to sell CMC Cometals division
Tuesday, 13 Jun 2017 08:15am EDT 

June 13 (Reuters) - Commercial Metals Co -:Commercial Metals Company to exit international marketing and distribution segment and signs definitive agreement to sell cmc cometals division.Commercial Metals Co - plans to pursue a sale of its cmc cometals steel division located in irving, texas, which markets steel products​.Says cometals team will continue to operate from its current locations in U.S., China, Benelux and Russia.Commercial Metals Co - ‍plans to pursue a restructuring and sale of remaining trading operations located in asia and australia​.Commercial Metals-‍cmc cometals international sarl to sell its raw materials trading division, cmc cometals, to affiliates of carlyle group​.  Full Article

Commercial Metals Q2 earnings per share $0.26
Thursday, 23 Mar 2017 06:45am EDT 

Commercial Metals Co : Commercial Metals company reports second quarter fiscal 2017 earnings per share of $0.26 . Q2 earnings per share $0.26 . Q2 sales $1.1 billion versus I/B/E/S view $1.13 billion . Q2 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . On March 22, 2017, board of directors of CMC declared a quarterly dividend of $0.12 per share . Commercial Metals- "anticipate that our shipment levels will continue to grow in our Q3" .Commercial Metals-anticipate further pressure on margins as imports continue to make it difficult to increase selling prices for products in line with scrap cost increases.  Full Article

Commercial Metals announces production of steel fence posts at its micro mill in Durant, Oklahoma
Thursday, 2 Feb 2017 06:45am EST 

Commercial Metals Co :Commercial Metals Co - will construct automated steel fence post manufacturing facility on site of micro mill in Durant, Oklahoma.  Full Article

Owen Steel to acquire recycling facilities from Omnisource Corp
Tuesday, 10 Jan 2017 06:00pm EST 

Commercial Metals Co - : Commercial Metals Company subsidiary, Owen Steel Company of South Carolina, acquires certain recycling facilities from Omnisource Corporation .Expect to realize synergies with existing operations in south carolina from deal.  Full Article

Commercial Metals Co says it will introduce spooled rebar in the United States
Monday, 9 Jan 2017 06:45am EST 

Commercial Metals Co : Commercial Metals Co - will soon become a producer of hot-rolled, spooled rebar in United States .Commercial Metals Co - CMC plans to begin production at its new micro mill in durant, Oklahoma in fall of 2017.  Full Article

Commercial Metals Company reports Q1 earnings per share $0.05
Monday, 9 Jan 2017 06:40am EST 

Commercial Metals Co - : Commercial Metals Company reports first quarter earnings from continuing operations per share of $0.06 . Q1 earnings per share $0.06 from continuing operations . Q1 sales $1.1 billion versus I/B/E/S view $1.11 billion . Q1 earnings per share view $0.16 -- Thomson Reuters I/B/E/S . Q1 earnings per share $0.05 . Several indicators point to potential improvements in market conditions during our fiscal 2017 . Commercial Metals - Change in political leadership after U.S. Elections may result in more favorable business conditions in "medium and long terms" . Ferrous scrap pricing improved during November and December .Commercial Metals - potential changes in regulatory environment related to trade, taxes, infrastructure spending "may bode well for domestic steel industry".  Full Article

BRIEF-Commercial Metals says tender offer for up to $300 mln purchase price

* Commercial Metals Company announces cash tender offer for up to $300 million aggregate purchase price of its outstanding 2018 senior notes