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Commercial Metals (CMC) Company Profile

Updated Jun 19, 2020
Commercial Metals has the following business profile:
Company's Full Name:Commercial Metals Company
Short Name:Commercial Metals
Trading Ticker Symbol:CMC
Primary Exchange:NYSE
Headquarter City/Country:Texas, TX
Primary Industry Sector:Basic Industries
Seconday Sub-sector:Steel and Iron
Main Business Areas: Steel, Basic Industries, Steel and Iron, Basic Materials
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Commercial Metals stock

Market and Trading Information for Commercial Metals

The following details were available for trading and market data about the stock of Commercial Metals as of writing:
Current Share Price:$20.3
Previous Year's Closing Price:$22.27
Percentage Price Change (YTD):-8.85%
Market Cap:$2.42 billion
52-week Price Range:$10.76 - $24.04
Dividend Per Share:$0.48
EPS (TTM):2.48
Price-Earnings (Trailing):8.18
Price-Earnings (Forward):10.3

Company Profile and Business Description for Commercial Metals

Commercial Metals Company (CMC), incorporated on August 29, 1946, together with its subsidiaries, is engaged in manufacturing, recycling and marketing steel and metal products, related materials and services through a network, including steel mills, such as minimills or micro-mills, steel fabrication and processing facilities, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets. The Company operates in five business segments across two geographic divisions, which include CMC Americas Division, which includes three segments, including Americas Recycling, Americas Mills and Americas Fabrication, and CMC International Division, which includes two segments, including International Mill, and International Marketing and Distribution.

Americas Recycling

The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. As of August 31, 2016, the segment operated 26 scrap metal processing facilities with 13 locations in Texas; five locations in Florida; two locations in Missouri, and one location each in Georgia, Kansas, Louisiana, North Carolina, Oklahoma and Tennessee. The Company purchases ferrous and nonferrous metals, processed and unprocessed, from various sources in various forms for its scrap metal processing facilities. Its sources of metal for processing include manufacturing and industrial plants, metal fabrication plants, electric utilities, machine shops, factories, railroads, refineries, shipyards, ordinance depots, demolition businesses, automobile salvage firms, wrecking firms and small scrap metal collection firms.

The Company's scrap metal processing facilities consist of a warehouse building that it uses for receiving, sorting, processing and storing metals. Its warehouse buildings are equipped with equipment for processing both ferrous and nonferrous metal. Its several scrap metal processing facilities use a small portion of its site or a nearby location to display and sell metal products that may be reused for its original purpose without further processing. As of August 31, 2016, the Company's Americas Recycling segment operated four shredding machines, two in Texas, one in Florida, and one in Oklahoma, capable of pulverizing obsolete automobiles or other sources of scrap metal. As of August 31, 2016, it had three additional shredders, two operated by its Americas Mills segment and one operated by its International Mill segment. It sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers and other consumers.

Americas Mills

As of August 31, 2016, the Company's Americas Mills segment included five domestic steel mills, including four minimills and one micro-mill, two scrap metal shredders, 10 scrap metal processing facilities that directly support the steel minimills, and a railroad salvage operation. As of August 31, 2016, its five steel minimills, located in Alabama, Arizona, Arkansas, South Carolina and Texas, produced one or more of steel reinforcing bar (rebar), angles, flats, rounds, small beams, fence post sections and other shapes. It utilizes a fleet of trucks that it owns or leases, as well as private haulers to transport finished products from the minimills to its customers and to its steel fabrication facilities. Its Alabama, South Carolina and Texas minimills each consist of a melt shop with an electric arc furnace; casting equipment that shapes molten metal into billets; a reheating furnace that prepares billets for rolling; a rolling mill that forms products from heated billets; a mechanical cooling bed that receives hot products from the rolling mill; finishing facilities that cut, straighten, bundle and prepare products for shipping, and supporting facilities, such as maintenance, warehouse and office areas.

The Company's Alabama minimill manufactures products, which include mid-size structural steel products, such as equal and unequal leg angles, channels and flats. Its Alabama minimill sells to service centers and sells to customers in the construction, manufacturing and fabricating industries. The Alabama minimill ships its products to customers located in the Southeast, Midwest and Northeastern regions of the United States. Its minimill in Arizona utilizes a continuous design where metal flows uninterrupted from melting to casting to rolling. This minimill produces rebar and manufactures fence post sections. Its Arizona minimill sells to customers in the construction and fabricating industries. It also sells to service centers. The Arizona minimill ships its products to customers located in the Southwest region of the United States, Arizona and California, as well as Colorado, Nevada and New Mexico. It operates a rebar fabrication facility located on the same site as the micro-mill.

The Company's South Carolina minimill manufactures a line of bar size products, primarily rebar angles, channels, flats, rounds, squares and fence post sections. Its South Carolina minimill sells to customers in the rebar fabrication industry and sells to service centers, manufacturers of original equipment, and the agricultural industry. The South Carolina minimill ships its products to customers located in the Southeast and mid-Atlantic regions of the United States, which include the states from Florida through southern New England. In addition to the minimill, it operates a recycling yard, a steel fence post plant, and an alloy briquetting facility located on or near the same site.

The Company's Texas minimill manufactures a line of bar size products, including rebar, angles, rounds, channels, flats, and special sections used in building highways, reinforcing concrete structures and manufacturing. Its Texas minimill sells to the construction, energy and petrochemical industries, and sells to service centers and manufacturers of original equipment. The Texas minimill ships its products to customers located in Louisiana, Oklahoma and Texas. As of August 31, 2016, it also ships products to approximately 20 other states and Central America. In addition to the minimill, it operates a rebar fabrication facility, a shredder and downstream sorting equipment located on the same site. As of August 31, 2016, the segment operated approximately 10 metal processing facilities with four located in South Carolina, four located in Texas, and two located in Alabama, which directly support the minimills. Its Arkansas minimill manufactures bed frame angles, earth bar, and other specialty flat, angle and square shapes. Its Arkansas minimill sells to customers in the construction and manufacturing industries.

Americas Fabrication

The Company's Americas Fabrication segment consists of its steel fabrication facilities that bend, weld, cut and fabricate steel, primarily rebar; warehouses that sell or rent products for the installation of concrete; facilities that produce steel fence posts, and facilities that heat-treat steel. As of August 31, 2016, it operated 37 facilities that are engaged in various aspects of steel fabrication. As of August 31, 2016, most of the facilities engaged in general fabrication of reinforcing and structural steel, with four facilities fabricating only steel fence posts. It utilizes its marketing and distribution business to purchase steel from other steel manufacturers. As of August 31, 2016, it conducted steel fabrication activities in 14 locations in Texas, three each in South Carolina and California, two each in Colorado, Florida, Illinois and Louisiana, and one each in Arizona, Georgia, Mississippi, Nevada, New Mexico, North Carolina, Tennessee, Virginia and Utah. Its fabricated steel products are used primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams. It sells fabricated steel in response to a bid solicitation from a construction contractor or from a project owner.

The Company's construction Services business unit sells and rents construction-related products and equipment to concrete installers and other businesses in the construction industry. As of August 31, 2016, it had 19 locations in Texas, five in Louisiana and one in Oklahoma, where the Company stores and sells construction-related products. The Company provides heat-treated steel products through CMC Impact Metals. Its CMC Impact Metals is the producer of steel products. It operates facilities in Alabama and Pennsylvania, which manufacture armor plate for military vehicles, bar for the truck trailer industry and special bar steel for the energy market.

International Mill

The Company's International Mill segment consists of all mill, recycling and fabrication operations located in Poland. Its subsidiary, CMC Poland Sp. z.o.o. (CMCP), owns a steel minimill and conducts its mill operations in Zawiercie, Poland. Its Poland steel minimill operates equipment similar to the equipment operated by the United States steel minimills. As of August 31, 2016, its segment operations were conducted through two rolling mills that produced primarily rebar and merchant products; a specialty rod finishing mill; its scrap processing facilities, which operated in the United States, and four steel fabrication facilities primarily for rebar and wire mesh. As of August 31, 2016, the Company's Poland minimill operation had annual rolling capacity of approximately 1.3 million short tons. The Company's Poland minimill is a manufacturer of rebar, merchant bar and wire rod in Central Europe, selling to fabricators, manufacturers, distributors and construction companies. Its majority of sales are to customers within Poland. Its Poland minimill also exports to the Czech Republic, Germany, Hungary, Slovakia and other countries. It conducts rebar fabrication activities in Zawiercie, Zyrardow and Glogow Malopolski, Poland.

As of August 31, 2016, the Company's three rebar fabrication facilities sold fabricated rebar to contractors for incorporation into construction projects. In addition to fabricated rebar, these facilities sell fabricated mesh, assembled rebar cages and other rebar by-products. The Company operates a fabrication facility in Dabrowa Gornicza, Poland that produces welded steel mesh, cold rolled wire rod and cold rolled rebar. Its operation enables its international fabrication operations to supplement sales of fabricated rebar by also offering wire mesh to customers, which include metals service centers and construction contractors.

International Marketing and Distribution

The Company's International Marketing and Distribution segment includes international operations for the sales, distribution and processing of steel products, ferrous and nonferrous metals and other industrial products. It buys and sells primary and secondary metals, fabricated metals, semi-finished, long and flat steel products and other industrial products. It markets and distributes these products through its global network of offices and processing facilities. The Company purchases steel products, industrial minerals, ores, metal concentrates and ferroalloys from producers in the United States and international markets. It utilizes long-term contracts, spot market purchases and trading transactions to purchase materials.

The Company sells its products to customers, primarily manufacturers, in the steel, nonferrous metals, metal fabrication, chemical, refractory, construction and transportation industries. It sells directly to its customers through and with the assistance of its offices in Irving, Texas; Fort Lee, New Jersey; Sydney and Melbourne, Australia; Singapore; Bangkok, Thailand; Luxembourg; Kurten, Germany; Cardiff, the United Kingdom; Temse, Belgium; Hong Kong; Beijing, Guangzhou, and Shanghai, China. Its services include actual physical market pricing and trend information, technical information and assistance, financing, transportation and shipping (including chartering of vessels), storage, warehousing, just-in-time delivery, insurance and hedging. This segment also operates a recycling facility in Singapore.

6565 N Macarthur Blvd Ste 800,

ETFs Holding Commercial Metals Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Commercial Metals stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Commercial Metals stock holding. There are a total of 83 ETFs in Fknol.com records which are holding Commercial Metals stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
VAMOCambria Value and Momentum ETFThe Cambria Value and Momentum ETF is an actively managed portfolio of large-, mid- and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. ...Full Details0.65%99
Full List
Quarterly
DTDWisdomTree US Total Dividend ETFThe WisdomTree U.S. Total Dividend Fund tracks an index of U.S. companies selected and weighted based on the dollar amount of dividends paid. ...Full Details0.28%864
Full List
Monthly
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
Quarterly
FNDXSchwab Fundamental US Large Company Index ETFThe Schwab Fundamental US Large Company Index ETF tracks a fundamentally selected and weighted Russell index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%671
Full List
Quarterly
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IUSViShares Core S&P US Value ETFiShares Core S&P U.S. Value ETF aims to track an index of U.S. large-, mid- and small-cap value stocks. The index selects from stocks ranked 1-3000 by market cap based on 3 factors. ...Full Details0.04%672
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
IYYiShares Dow Jones US ETFThe iShares Dow Jones U.S. ETF tracks a broad, cap-weighted index of US companies covering 95% of the U.S. market. ...Full Details0.2%1242
Full List
Quarterly

See Full List of ETFs holding Commercial Metals stock in their respective portfolios.

Peer / Competitor Companies of Steel and Iron Sector

Along with Commercial Metals Company, the following other peer (competitor) companies also exist within the same Steel and Iron - Basic Industries sector whose company profile and dividend history is as follows:

▶ AK Steel Holding (AKS): AK Steel Holding Corporation, incorporated on December 20, 1993, is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). ....See Detailed Company Profile,  Dividend History

▶ Allegheny (ATI): Allegheny Technologies Incorporated (ATI), incorporated on August 26, 1999, is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components ....See Detailed Company Profile,  Dividend History

▶ ArcelorMittal (MT): ArcelorMittal S.A. (ArcelorMittal), incorporated on June 21, 2001, is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and ....See Detailed Company Profile,  Dividend History

▶ Carpenter Technology (CRS): Carpenter Technology Corporation, incorporated on October 3, 1968, is engaged in the manufacturing, fabrication and distribution of specialty metals. The Companys segments include Specialty Alloys Operations (SAO) and Performance Engineered ....See Detailed Company Profile,  Dividend History

▶ Friedman Industries (FRD): Friedman Industries, Incorporated, incorporated on March 29, 1965, is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and ....See Detailed Company Profile,  Dividend History

▶ Gerdau (GGB): Gerdau S.A. provides steel-related products and services worldwide. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operatio....See Detailed Company Profile,  Dividend History

▶ Gibraltar Industries (ROCK): Gibraltar Industries, Inc., incorporated on September 17, 1993, is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Companys ....See Detailed Company Profile,  Dividend History

▶ Grupo Simec (SIM): Grupo Simec, S.A.B. de C.V., incorporated on August 22, 1990, is a manufacturer, processor and distributor of special bar quality (SBQ) steel and structural steel products with production and commercial ....See Detailed Company Profile,  Dividend History

▶ Haynes International (HAYN): Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The ....See Detailed Company Profile,  Dividend History

▶ Insteel Industries (IIIN): Insteel Industries, Inc., incorporated on December 1, 1958, is a manufacturer of steel wire reinforcing products for concrete construction applications. The Companys operations are focused on the manufacture and marketing ....See Detailed Company Profile,  Dividend History

▶ Mechel PAO (MTL): Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationall....See Detailed Company Profile,  Dividend History

▶ National Steel (SID): Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel product....See Detailed Company Profile,  Dividend History

▶ Northwest Pipe (NWPX): Northwest Pipe Company, incorporated on March 31, 1966, is a manufacturer of engineered steel pipe water systems in North America. The Company operates through two segments: Water Transmission and Tubular ....See Detailed Company Profile,  Dividend History

▶ Nucor (NUE): Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mil....See Detailed Company Profile,  Dividend History

▶ Ossen Innovation (OSN): Ossen Innovation Co., Ltd. manufactures and sells various plain surface prestressed steel materials, and rare earth coated and zinc coated prestressed steel materials in the People's Republic of China....See Detailed Company Profile,  Dividend History

▶ POSCO (PKX): POSCO, incorporated on April 1, 1968, is an integrated steel producer. The Company operates in four segments: steel, trading, engineering and construction, and others. The steel segment includes production of ....See Detailed Company Profile,  Dividend History

▶ Steel Dynamics (STLD): Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through....See Detailed Company Profile,  Dividend History

▶ SunCoke Energy (SXC): SunCoke Energy, Inc. operates as an independent producer of coke in the Americas. The company operates through three segments: Domestic Coke, Brazil Coke, and Logistics. It offers metallurgical and th....See Detailed Company Profile,  Dividend History

▶ Synalloy (SYNL): Synalloy Corporation, incorporated on March 15, 1988, is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Metals Segment manufactures ....See Detailed Company Profile,  Dividend History

▶ Tenaris (TS): Tenaris S.A., incorporated on January 9, 2002, is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Steel and Iron Sector.

Stock List of Other Basic Industries Sub-sectors

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▶ Stocks of Steel and Iron Sector

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▶ Stocks of Water Supply Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

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