Commercial Metals (CMC) stock price, revenue, and financials

Commercial Metals market cap is $2.3 b, and annual revenue was $5.83 b in FY 2019

$2.3 B

CMC Mkt cap, 22-Sept-2020

$1.3 B

Commercial Metals Revenue Q3, 2020
Commercial Metals Gross profit (Q3, 2020)225.3 M
Commercial Metals Gross profit margin (Q3, 2020), %16.8%
Commercial Metals Net income (Q3, 2020)64.7 M
Commercial Metals Cash, 31-May-2020462.1 M
Commercial Metals EV3 B

Commercial Metals Revenue

Commercial Metals revenue was $5.83 b in FY, 2019 which is a 25.5% year over year increase from the previous period.

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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 Income Statement

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

Gross profit Margin, %

14%12%13%14%

General and administrative expense

437.1m426.5m401.5m463.3m

Operating expense total

488.6m457.4m415.8m463.7m

EBIT

147.4m89.1m206.3m339.8m

EBIT margin, %

3%2%4%6%

Interest expense

62.2m44.0m41.0m71.4m

Pre tax profit

67.2m55.6m168.6m267.9m

Income tax expense

12.5m9.3m30.1m69.8m

Net Income

54.8m46.3m138.5m198.1m

Commercial Metals Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

517.5m252.6m622.5m192.5m

Accounts Receivable

765.8m706.6m749.5m1.0b

Inventories

652.8m614.5m589.0m692.4m

Current Assets

2.0b1.7b2.1b2.1b

PP&E

895.0m1.1b1.1b1.5b

Goodwill

66.4m64.9m64.3m64.1m

Total Assets

3.1b3.0b3.3b3.8b

Accounts Payable

243.5m282.1m261.3m288.0m

Short-term debt

313.5m19.2m19.7m13.5m

Current Liabilities

821.1m608.4m541.9m694.6m

Long-term debt

757.9m805.6m1.1b1.2b

Total Debt

1.1b824.8m1.2b1.2b

Total Liabilities

1.8b1.6b1.8b2.1b

Common Stock

1.3m1.3m1.3m1.3m

Additional Paid-in Capital

358.7m349.3m352.7m358.7m

Retained Earnings

1.4b1.4b1.4b1.6b

Total Equity

1.4b1.4b1.5b1.6b

Debt to Equity Ratio

0.8 x0.6 x0.8 x0.8 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x

Financial Leverage

2.3 x2.1 x2.2 x2.3 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

637.2m381.7m483.9m465.2m395.5m275.8m130.2m195.2m600.4m52.4m66.7m120.3m224.8m232.4m462.1m

Accounts Receivable

715.0m685.6m740.3m716.6m774.3m870.0m772.6m634.7m678.3m1.0b976.7m1.0b961.5m961.7m880.6m

Inventories

794.7m753.7m661.6m633.8m720.8m798.0m564.8m523.4m595.2m828.6m866.4m807.6m649.7m714.8m644.9m

Current Assets

2.3b2.0b2.0b1.9b2.0b2.1b1.6b1.6b2.0b2.0b2.1b2.1b2.0b2.1b2.1b

PP&E

860.4m877.8m890.1m893.2m940.3m1.0b1.1b1.1b1.1b1.5b1.5b1.5b1.5b1.5b1.5b

Goodwill

66.2m66.3m66.3m66.1m66.5m66.8m64.9m64.5m64.3m64.3m64.3m64.2m64.2m64.2m64.1m

Total Assets

3.3b3.0b3.1b3.0b3.1b3.3b2.9b2.9b3.2b3.7b3.7b3.8b3.8b3.9b4.0b

Accounts Payable

222.2m210.0m235.4m224.4m307.5m346.0m244.7m247.6m241.6m319.6m322.1m278.4m243.9m275.5m230.3m

Short-term debt

10.5m10.8m10.9m312.9m312.2m311.7m21.2m19.0m19.9m29.1m88.9m54.9m13.7m22.7m

Current Liabilities

515.0m451.3m487.4m740.5m840.1m916.5m500.1m530.3m511.9m758.5m752.3m704.3m602.0m649.1m627.3m

Long-term debt

1.3b1.1b1.1b755.2m752.1m751.7m803.8m799.8m1.1b1.3b1.3b1.3b1.2b1.1b1.2b

Total Debt

1.3b1.1b1.1b1.1b1.1b1.1b825.0m818.8m1.2b1.3b1.4b1.4b1.2b1.2b1.2b

Total Liabilities

1.9b1.7b1.7b1.7b1.8b1.9b1.5b1.5b1.8b2.2b2.2b2.2b2.1b2.1b2.2b

Common Stock

1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m1.3m

Additional Paid-in Capital

348.7m351.7m355.3m334.0m336.0m338.5m344.3m349.5m347.7m342.9m346.2m352.9m347.2m351.5m356.8m

Retained Earnings

1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.4b1.5b1.7b1.7b1.8b

Total Equity

1.4b1.3b1.4b1.3b1.4b1.4b1.4b1.5b1.5b1.5b1.5b1.6b1.7b1.8b1.8b

Debt to Equity Ratio

0.9 x0.8 x0.8 x0.8 x0.8 x0.7 x0.6 x0.6 x0.8 x0.9 x0.9 x0.9 x0.7 x0.7 x

Debt to Assets Ratio

0.4 x0.4 x0.3 x0.4 x0.3 x0.3 x0.3 x0.3 x0.4 x0.4 x0.4 x0.4 x0.3 x0.3 x

Financial Leverage

2.4 x2.3 x2.3 x2.3 x2.3 x2.3 x2 x2 x2.2 x2.5 x2.5 x2.4 x2.2 x2.2 x2.2 x

Commercial Metals Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

54.8m46.3m138.5m198.1m

Depreciation and Amortization

126.9m125.1m131.7m158.7m

Accounts Receivable

142.5m(78.5m)(10.8m)27.2m

Inventories

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

Accounts Payable

(43.6m)93.5m(20.2m)(15.3m)

Cash From Operating Activities

586.9m174.5m158.7m37.0m

Purchases of PP&E

(163.3m)(213.1m)(174.7m)(138.8m)

Cash From Investing Activities

(175.6m)(113.7m)(70.7m)(462.0m)

Short-term Borrowings

(20.1m)

Long-term Borrowings

(252.9m)(711.8m)(19.9m)(127.7m)

Dividends Paid

(55.3m)(55.5m)(56.1m)(56.5m)

Cash From Financing Activities

(377.7m)(324.5m)259.4m(13.2m)

Net Change in Cash

32.2m(264.9m)346.7m(438.9m)

Interest Paid

40.0m65.2m

Income Taxes Paid

7.2m8.0m

Quarterly

Commercial Metals Ratios

USDQ1, 2016

Debt/Equity

0.9 x

Debt/Assets

0.4 x

Financial Leverage

2.4 x

Commercial Metals Operating Metrics

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

Annual Capacity (Americas Fabrication), short tons

1.50 m1.50 m1.60 m2.50 m

Annual Capacity (Americas Mills), short tons

3 m3 m3.40 m5.80 m

Annual Capacity (Americas Recycling), short tons

3.40 m3.80 m3.80 m3.80 m

Annual Capacity (International Mill), short tons

2.20 m2.20 m2.20 m2.20 m

Backlog (American Mills)

$222.90 m$224.40 m$326.40 m$370.50 m

Backlog (International Fabrication)

$26.70 m$48.30 m$53.50 m

Backlog (Poland)

$41.40 m$33.90 m

Backlog (Steel Fabrication)

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

Facilities (Steel Fabrication)

37 46 38 67

Processing Capacity (Ferrous Scrap), short tons

3 m3.40 m3.40 m

Processing Capacity (Nonferrous Scrap), short tons

400 k400 k400 k

Scrap Metal Processing Plants (Americas Recyclyng)

26 33 34 34

Shipments (Americas Fabrication Post), short tons

21 k22 k30 k95 k18 k22 k28 k87 k20 k

Shipments (Americas Fabrication Rebar and Other), short tons

241 k302 k1.11 m319 k396 k469 k1.63 m

Shipments (Americas Fabrication Rebar), short tons

249 k225 k270 k1.03 m248 k226 k275 k1.01 m237 k

Shipments (Americas Fabrication Structural), short tons

7 k7 k10 k32 k7 k5 k7 k25 k7 k

Shipments (Americas Mills Merchant and Other), short tons

999 k1.02 m1.21 m

Shipments (Americas Mills Rebar), short tons

1.63 m1.70 m1.80 m

Shipments (Americas Mills), short tons

640 k608 k724 k2.63 m635 k658 k722 k2.73 m677 k684 k811 k3.01 m847 k1.10 m1.24 m4.39 m1.21 m1.15 m

Shipments (Americas Recycling), short tons

441 k427 k472 k1.82 m454 k474 k651 k2.23 m655 k623 k707 k2.70 m642 k629 k657 k2.55 m549 k577 k

Shipments (Ferrous Scrap Metal), short tons

389 k379 k423 k1.61 m405 k421 k590 k2 m589 k560 k642 k2.44 m579 k570 k597 k2.31 m492 k519 k

Shipments (International Marketing and Distribution), short tons

2.70 m1.40 m

Shipments (International Mill), short tons

278 k282 k353 k1.25 m316 k313 k354 k1.38 m400 k346 k320 k1.50 m392 k304 k376 k1.46 m338 k380 k

Shipments (Nonferrous Scrap Metal), short tons

52 k48 k49 k201 k49 k53 k61 k234 k66 k63 k65 k263 k63 k59 k60 k243 k57 k58 k

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

Shipments (Total Mill), short tons

918 k890 k1.08 m3.88 m951 k971 k1.08 m4.10 m1.08 m1.03 m1.13 m4.51 m1.24 m1.40 m1.61 m5.85 m1.54 m1.53 m

Steel Melted (Americas Mills), short tons

613 k604 k628 k2.52 m615 k656 k670 k2.60 m655 k663 k790 k2.92 m909 k1.13 m1.16 m4.36 m1.18 m1.12 m

Steel Melted (International Mill), short tons

320 k361 k289 k1.28 m354 k332 k380 k1.47 m355 k393 k389 k1.54 m392 k375 k368 k1.49 m345 k393 k

Steel Mills (Americas Mills)

5 5 6 10

Steel Rolled (Americas Mills), short tons

589 k542 k627 k2.38 m589 k631 k626 k2.48 m602 k598 k737 k2.67 m844 k1.05 m1.12 m4.13 m1.16 m1.08 m

Steel Rolled (International Mill), short tons

300 k299 k296 k1.24 m313 k309 k326 k1.29 m336 k321 k316 k1.32 m263 k298 k341 k1.26 m342 k333 k

Commercial Metals Employee Rating

3.4193 votes
Culture & Values
3.5
Work/Life Balance
3.2
Senior Management
3.3
Salary & Benefits
3.8
Career Opportunities
3.5
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