OverviewSuggest Edit

Commercial Metals Company (CMC) is a company that manufactures, recycles and markets steel and metal products, related materials and services through a network of facilities. The company processes scrap metals for use as raw material, as well as produces steel rebar, angles, flats, rounds, channels, fence post sections, and other shapes. It bends, welds, cuts and fabricates steel, primarily rebar, and produce steel fence posts. In addition, the company sells and rents construction-related products and equipment to concrete installers and other businesses in the construction industry.

TypePublic
Founded1915
HQIrving, US
Websitecmc.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Aug 2019)11,524(+30%)
Job Openings126
Revenue (FY, 2019)$5.8 B(+26%)
Share Price (Sept 2020)$19.6
Cybersecurity ratingAMore

Key People/Management at Commercial Metals

Tracy L. Porter

Tracy L. Porter

Executive Vice President and Chief Operating Officer
Lisa M. Barton

Lisa M. Barton

Executive Vice President – Utilities for American Electric Power Co., Inc.
Paul Lawrence

Paul Lawrence

Vice President and Chief Financial Officer
Rhys J. Best

Rhys J. Best

Director
Jennifer Durbin

Jennifer Durbin

Vice President, Human Resources
Jody Absher

Jody Absher

Vice President, General Counsel and Corporate Secretary
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Commercial Metals Office Locations

Commercial Metals has offices in Irving, Albuquerque, Alexander City, Alexandria and in 129 other locations
Irving, US (HQ)
6565 N MacArthur Blvd #800
Albuquerque, US
2300 1st St NW
Alexander City, US
667 Emerson Rd
Alexandria, US
4212 N Bolton Ave
Alpharetta, US
1400 Union Hill Rd
Anderson, US
428 N Gossett St
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Commercial Metals Financials and Metrics

Commercial Metals Revenue

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Commercial Metals's revenue was reported to be $5.83 b in FY, 2019 which is a 25.5% increase from the previous period.
USD

Revenue (Q3, 2020)

1.3b

Gross profit (Q3, 2020)

225.3m

Gross profit margin (Q3, 2020), %

16.8%

Net income (Q3, 2020)

64.7m

Market capitalization (22-Sept-2020)

2.3b

Closing stock price (22-Sept-2020)

19.6

Cash (31-May-2020)

462.1m

EV

3.0b
Commercial Metals's current market capitalization is $2.3 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

4.6b4.6b4.6b5.8b

Revenue growth, %

(23%)(1%)2%26%

Cost of goods sold

4.0b4.0b4.0b5.0b

Gross profit

636.0m546.4m622.2m803.5m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.2b1.0b1.2b1.1b1.1b1.4b1.2b1.1b1.2b1.3b1.4b1.6b1.4b1.3b1.3b

Cost of goods sold

997.2m884.9m1.1b943.1m990.4m1.2b1.1b927.1m1.0b1.1b1.3b1.4b1.1b1.1b1.1b

Gross profit

157.6m134.8m175.5m132.0m159.2m173.4m163.6m127.2m168.6m158.9m150.3m241.6m238.2m217.9m225.3m

Gross profit Margin, %

14%13%14%12%14%13%13%12%14%12%11%15%17%16%17%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

54.8m46.3m138.5m198.1m

Depreciation and Amortization

126.9m125.1m131.7m158.7m

Inventories

209.6m(98.8m)(43.2m)89.7m

Accounts Payable

(43.6m)93.5m(20.2m)(15.3m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

25.1m35.6m54.9m6.3m36.6m75.9m36.8m47.0m86.9m19.7m33.6m112.0m83.3m147.1m211.9m

Depreciation and Amortization

32.0m63.5m95.4m30.3m60.8m93.0m32.2m66.3m99.4m35.2m76.4m117.6m40.9m82.3m124.1m

Inventories

78.7m111.5m205.7m10.7m(68.5m)(134.7m)

Accounts Payable

(76.4m)(115.0m)(64.7m)(70.4m)9.4m83.4m
USDQ1, 2016

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.4 x
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Commercial Metals Operating Metrics

Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Backlog (International Fabrication)

$26.70 m$48.30 m$53.50 m

Backlog (Steel Fabrication)

$658.10 m$627.80 m$679.30 m$1.10 b

Shipments (Americas Mills Merchant and Other), short tons

999 k1.02 m1.21 m

Shipments (Total Americas Fabrication), short tons

277 k254 k310 k1.16 m273 k253 k310 k1.12 m264 k241 k302 k1.11 m319 k396 k469 k1.63 m413 k366 k
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Commercial Metals Acquisitions / Subsidiaries

Company NameDateDeal Size
Continental Concrete StructuresDecember 12, 2016
Newell Recycling of San Antonio - AssetsMay 29, 2014
GAM Steel Pty LtdJune 03, 2011$48.40 m
Reinforcing Post-Tensioning ServicesAugust 29, 2008
ABC Coating CompanyJuly 01, 2008
Nike S.A.June 05, 2008
Rebar Services and Supply Company - AssetsApril 29, 2008
CMC SisakSeptember 19, 2007
Economy SteelSeptember 19, 2007
Mayfield Salvage - AssetsAugust 24, 2007
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Commercial Metals Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Commercial Metals Revenue Breakdown

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Commercial Metals revenue breakdown by business segment: 14.0% from International Mill, 32.4% from Americas Mills, 15.6% from Americas Recycling and 38.0% from Americas Fabrication

Commercial Metals revenue breakdown by geographic segment: 14.3% from Europe, 83.1% from North America and 2.6% from Other

Commercial Metals Online and Social Media Presence

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Commercial Metals News and Updates

Commercial Metals Company Announces Plans To Build Its Third Micro Mill

IRVING, Texas, Aug. 13, 2020 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced it will build its third micro mill. The mill will be the first in the world to produce merchant bar quality (MBQ) products through a continuous-continuous production process. The new...

Commercial Metals Company Reports Third Quarter Fiscal 2020 Results

IRVING, Texas, June 18, 2020 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal third quarter ended May 31, 2020. Third quarter earnings from continuing operations were $64.2 million, or $0.53 per diluted share, on net sales of $1.3...

Statkraft signs a 10-year financial Power Purchase Agreement (Corporate PPA) with Commercial Metals Company Poland

(Zawiercie/Amsterdam, 16 January 2020) Statkraft and Commercial Metal Company Poland (CMC) have become strategic partners, commencing with the signing of a long-term financial power purchase agreement. The agreement fixes the price for 20 percent of CMC Poland’s power consumption, starting in 2021. …

Commercial Metals Company Reports First Quarter Fiscal 2020 Results

IRVING, Texas, Jan. 6, 2020 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal first quarter ended November 30, 2019. First quarter earnings from continuing operations were $82.8 million, or $0.69 per diluted share, on net sales of $1.4...

Commercial Metals Company Reports Fourth Quarter And Full Year Fiscal 2019 Results

IRVING, Texas, Oct. 23, 2019 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal fourth quarter and year ended August 31, 2019. Net sales for the fourth quarter increased 18% to $1.5 billion from $1.3 billion in the prior year quarter,...

Commercial Metals Company Reports Third Quarter Fiscal 2019 Results

IRVING, Texas, June 20, 2019 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal third quarter ended May 31, 2019. For the three months ended May 31, 2019, earnings from continuing operations were $78.6 million, or $0.66 per diluted...
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Commercial Metals Frequently Asked Questions

  • When was Commercial Metals founded?

    Commercial Metals was founded in 1915.

  • Who are Commercial Metals key executives?

    Commercial Metals's key executives are Tracy L. Porter, Lisa M. Barton and Paul Lawrence.

  • How many employees does Commercial Metals have?

    Commercial Metals has 11,524 employees.

  • What is Commercial Metals revenue?

    Latest Commercial Metals annual revenue is $5.8 b.

  • What is Commercial Metals revenue per employee?

    Latest Commercial Metals revenue per employee is $505.8 k.

  • Who are Commercial Metals competitors?

    Competitors of Commercial Metals include Schnitzer Steel Industries, Steel Dynamics and Reliance Steel & Aluminum.

  • Where is Commercial Metals headquarters?

    Commercial Metals headquarters is located at 6565 N MacArthur Blvd #800, Irving.

  • Where are Commercial Metals offices?

    Commercial Metals has offices in Irving, Albuquerque, Alexander City, Alexandria and in 129 other locations.

  • How many offices does Commercial Metals have?

    Commercial Metals has 172 offices.