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Commercial Metals Co (CMC.N)

CMC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Commercial Metals Posts Q3 Earnings Per Share Of $0.66 From Continuing Operations
Thursday, 20 Jun 2019 

June 20 (Reuters) - Commercial Metals Co ::MPANY REPORTS THIRD QUARTER FISCAL 2019 RESULTS.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.67 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.66 FROM CONTINUING OPERATIONS.Q3 REVENUE $1.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.6 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.61 -- REFINITIV IBES DATA.COMMERCIAL METALS - OUTLOOK FOR DEMAND REMAINS VERY POSITIVE DRIVEN BY CONTINUED STRENGTH IN NON-RESIDENTIAL CONSTRUCTION ACTIVITY LEVELS IN MARKETS.ANTICIPATE THAT OUR BUSINESS WILL GENERATE STRONG CASH FLOWS.  Full Article

Commercial Metals Q2 Earnings Per Share $0.13 From Continuing Operations
Thursday, 21 Mar 2019 

March 21 (Reuters) - Commercial Metals Co ::COMPANY REPORTS SECOND QUARTER FISCAL 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.29 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $0.13 FROM CONTINUING OPERATIONS.Q2 REVENUE $1.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.48 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.26 -- REFINITIV IBES DATA."OPTIMISTIC THAT UPCOMING CONSTRUCTION SEASON WILL BE STRONG BOTH IN U.S. AND POLAND".QUARTER WAS IMPACTED BY TYPICAL SEASONALITY AND UNPRECEDENTED RAINFALL LEVELS IN MANY OF OUR MARKETS.COMMERCIAL METALS - Q2 RESULTS INCLUDED NET AFTER TAX EXPENSES OF $20 MILLION RELATED TO CERTAIN NON-OPERATIONAL COSTS.COMMERCIAL METALS - NON-OPERATIONAL COSTS RECORDED IN Q2 WERE RELATED TO ACQUISITION OF REBAR ASSETS FROM GERDAU S.A., ADJUSTMENTS RELATED TO TCJA.  Full Article

Commercial Metals Announces Results Of Registered Exchange Offer For Previously Issued 5.750% Senior Notes Due 2026
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Commercial Metals Co ::COMMERCIAL METALS COMPANY ANNOUNCES EXPIRATION AND RESULTS OF REGISTERED EXCHANGE OFFER FOR PREVIOUSLY ISSUED 5.750% SENIOR NOTES DUE 2026.COMMERCIAL METALS CO - FINAL SETTLEMENT OF EXCHANGE OFFER IS EXPECTED TO TAKE PLACE ON OR ABOUT JANUARY 16, 2019.  Full Article

Commercial Metals Co Commences Registered Exchange Offer For Senior Notes
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Commercial Metals Co ::COMMERCIAL METALS COMPANY COMMENCES REGISTERED EXCHANGE OFFER FOR PREVIOUSLY ISSUED 5.750% SENIOR NOTES DUE 2026.COMMERCIAL METALS - COMMENCED OFFER TO EXCHANGE UP TO $350.0 MILLION IN PRINCIPAL AMOUNT OF NEW 5.750% SENIOR NOTES DUE 2026.COMMERCIAL METALS - EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK, NEW YORK TIME, ON JAN 14, 2019, UNLESS EXTENDED.  Full Article

Commercial Metals Q3 Earnings Per Share $0.36 From Continuing Operations
Thursday, 21 Jun 2018 

June 21 (Reuters) - Commercial Metals Co ::MPANY REPORTS THIRD QUARTER 2018 EARNINGS FROM CONTINUING OPERATIONS OF $0.36 PER SHARE; AND ADJUSTED EARNINGS FROM CONTINUING OPERATIONS OF $0.41 PER SHARE.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.41 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $0.36 FROM CONTINUING OPERATIONS.Q3 SALES $1.2 BILLION VERSUS I/B/E/S VIEW $1.29 BILLION.Q3 EARNINGS PER SHARE VIEW $0.42 -- THOMSON REUTERS I/B/E/S.  Full Article

Commercial Metals Co Announces Pricing Of $350 Mln Of Senior Notes Due 2026
Thursday, 19 Apr 2018 

April 19 (Reuters) - Commercial Metals Co ::COMMERCIAL METALS COMPANY ANNOUNCES PRICING OF $350 MILLION OF SENIOR NOTES DUE 2026.COMMERCIAL METALS CO - AGREED TO SELL $350 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.750% SENIOR NOTES DUE 2026.  Full Article

Commercial Metals Amends Credit Agreement To Provide Coterminous Delayed Draw Term Loan Facility Up To $200 Mln
Friday, 23 Feb 2018 

Feb 23 (Reuters) - Commercial Metals Co ::COMMERCIAL METALS SAYS ON FEB 21, CO, UNIT ENTERED INTO JOINDER AGREEMENT & FIFTH AMENDMENT TO FOURTH AMENDED, RESTATED CREDIT AGREEMENT - SEC FILING.COMMERCIAL METALS - AMENDMENT AMENDS CREDIT AGREEMENT TO PROVIDE FOR COTERMINOUS DELAYED DRAW TERM LOAN FACILITY IN MAXIMUM AMOUNT OF UP TO $200 MILLION.  Full Article

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

'Don't blink' on Trump tariffs, steel CEOs tell U.S. lawmakers

WASHINGTON, March 27 Chief executives from American steel producers urged lawmakers to maintain strong U.S. tariffs on the metal on Wednesday to protect their industry, as Senate efforts to rein in President Donald Trump's tariff powers gained steam.