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Commercial Metals Co (CMC.N)

CMC.N on New York Stock Exchange

24.82USD
19 Jan 2018
Change (% chg)

$-0.27 (-1.08%)
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Volume
347,048
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Latest Key Developments (Source: Significant Developments)

Commercial Metals Company Reports Q1 EPS of $0.31
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Commercial Metals Co ::MPANY REPORTS FIRST QUARTER FISCAL 2018 EARNINGS PER SHARE OF $0.31.Q1 EARNINGS PER SHARE $0.31.Q1 SALES $1.2 BILLION VERSUS I/B/E/S VIEW $1.12 BILLION.Q1 EARNINGS PER SHARE VIEW $0.20 -- THOMSON REUTERS I/B/E/S.- QTRLY EARNINGS FROM CONTINUING OPERATIONS INCLUDED A NET AFTER TAX BENEFIT OF $1.8 MILLION, OR $0.02 PER DILUTED SHARE.- "‍SEE STRENGTH IN UNDERLYING MARKET FUNDAMENTALS" SUPPORTING EACH OF CO'S SEGMENTS AS CO ENTERS CALENDAR 2018​.  Full Article

Commercial Metals & Units To Pay GNA Financing Fee Of $40 Mln Upon Termination Of Deal
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Commercial Metals Co ::COMMERCIAL METALS SAYS CO & UNITS TO PAY GNA FINANCING FEE OF $40 MILLION UPON TERMINATION OF DEAL UNDER SPECIFIED CIRCUMSTANCES - SEC FILING.  Full Article

Commercial Metals Company To Acquire Certain U.S. Rebar Assets From Gerdau for $600 Mln In Cash
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Commercial Metals Co ::COMMERCIAL METALS COMPANY TO ACQUIRE CERTAIN U.S. REBAR ASSETS FROM GERDAU.COMMERCIAL METALS CO - DEAL FOR CASH PURCHASE PRICE OF $600 MILLION.COMMERCIAL METALS CO - DEAL IS EXPECTED TO BE ACCRETIVE TO EARNINGS AND CASH FLOW WITHIN FIRST YEAR AFTER TRANSACTION CLOSES.COMMERCIAL METALS CO - ‍COMBINED OPERATIONS ARE EXPECTED TO GENERATE APPROXIMATELY $40 MILLION IN PRE-TAX OPERATIONAL SYNERGIES ANNUALLY​.COMMERCIAL METALS CO - ‍COMBINED OPERATIONS ARE EXPECTED TO GENERATE APPROXIMATELY $40 MILLION IN PRE-TAX OPERATIONAL SYNERGIES ANNUALLY​.COMMERCIAL METALS CO - ‍TRANSACTION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMMERCIAL METALS COMPANY AND GERDAU S.A.​.COMMERCIAL METALS CO - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO EARNINGS AND CASH FLOW WITHIN FIRST YEAR AFTER TRANSACTION CLOSES.COMMERCIAL METALS - TRANSACTION SUPPORTED BY FULLY COMMITTED $600 MILLION LONG-TERM FACILITY.COMMERCIAL METALS CO - ‍ CMC WILL HAVE APPROXIMATELY 7.2 MILLION TONS OF GLOBAL MELT CAPACITY AT CLOSE OF TRANSACTION​.  Full Article

Commercial Metals Co Says CEO's FY 2017 Total Compensation Was $15.5 Mln Vs $7.2 Mln In 2016
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Commercial Metals Co ::COMMERCIAL METALS CO SAYS CEO JOSEPH ALVARADO'S FY 2017 TOTAL COMPENSATION WAS $15.5 MILLION VERSUS $7.2 MILLION IN FY 2016 - SEC FILING.  Full Article

Commercial Metals Names Barbara Smith Chairman
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Commercial Metals Co ::COMMERCIAL METALS COMPANY NAMES BARBARA SMITH CHAIRMAN.COMMERCIAL METALS CO - ‍JOSEPH ALVARADO, CO'S CURRENT CHAIRMAN, WILL BE RETIRING FROM BOARD​.  Full Article

CMC buys substantially all assets of MMFX Technologies
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Commercial Metals Co ::CMC acquires substantially all the assets of MMFX Technologies Corporation.Commercial Metals Co - ‍announced that co's unit has acquired substantially all of assets of MMFX technologies corporation​.  Full Article

Commercial Metals Company Q4 loss per share $0.28 from continuing operations
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Commercial Metals Co ::Commercial metals company reports fourth quarter and full year earnings.Q4 loss per share $0.28 from continuing operations.Q4 sales $1.3 billion versus I/B/E/S view $1.21 billion.Q4 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Commercial metals co - "‍our outlook for demand from U.S. Non-Residential construction market remains quite positive​".Commercial metals - ‍u.s. Non-Residential construction market conditions remain "very challenging" due to raw material price changes, rising input costs​.Commercial metals Co - ‍"metal margins remain under pressure due to ongoing influx of dumped and subsidized imports​".  Full Article

Commercial Metals Company provides update regarding exit of international marketing and distribution segment
Friday, 8 Sep 2017 

Sept 8 (Reuters) - Commercial Metals Co :Commercial Metals Company provides update regarding exit of international marketing and distribution segment.Commercial Metals Co - ‍estimates it will record pre-tax, non-cash charges associated with entire exit plan in Q4 of 2017 in range of $30 to $35 million​.Commercial Metals Co - ‍Q4 results to include pre-tax net expense of $16 million related to cash tender offer and redemption of 7.35% senior notes due 2018​.Commercial Metals Co - ‍Q4 results will also include approximately $10 million in expense associated with severance costs​.Commercial Metals Co - ‍company is continuing to work towards an exit of remaining businesses of international marketing and distribution segment​.  Full Article

Commercial Metals to redeem outstanding senior notes due 2018
Friday, 28 Jul 2017 

July 28 (Reuters) - Commercial Metals Co :Commercial Metals Company announces redemption of remaining outstanding 7.35% senior notes due 2018.Commercial Metals Co - ‍plans to redeem all of its 7.35% senior notes due 2018 that remain outstanding​.Commercial Metals Co - 2018 notes will be redeemed on August 31, 2017.Commercial Metals Co - following expiration of tender offer, approximately $235.0 million in aggregate principal amount of 2018 notes remain outstanding.  Full Article

Commercial Metals says tender offer for up to $300 mln purchase price
Monday, 26 Jun 2017 

June 26 (Reuters) - Commercial Metals Co ::Commercial Metals Company announces cash tender offer for up to $300 million aggregate purchase price of its outstanding 2018 senior notes.Commercial Metals - tender offer for up to $300.0 million purchase price, excluding accrued interest of its outstanding 7.35% senior notes due 2018.Commercial Metals Co says tender offer will expire at 11:59 P.M., New York City time, on July 24, 2017.  Full Article

U.S. Commerce Dept sends Trump steel probe findings, keeps details under wraps

WASHINGTON The U.S. Commerce Department on Thursday said it sent President Donald Trump the results of its probe into whether steel imports threaten U.S. national security, but declined to reveal any details of its recommendations.