CMC Stock Recent News

Commercial Metals Company presents a geographically diversified business model with a focus on sustainable principles and recycling metals. The company has reported better-than-expected revenue figures and has a history of exceeding expectations in both EPS and revenue reports. The company's long-term outlook includes investments in low to moderate interest rate-sensitive end markets, such as highways, public utilities, healthcare, and educational infrastructure.

Commercial Metals Company experienced a profit warning in October, causing shares to fall, but they have since rallied back to $50 per share. CMC is a vertically integrated manufacturer of steel and reinforcing bars, with a focus on infrastructure projects, benefiting from long-term demand drivers. Despite expected pressure on earnings, CMC remains a decent long-term play with a strong balance sheet and potential for increased valuation.

Commercial Metals (CMC) realigns its reporting structure into three operating segments beginning first-quarter fiscal 2024.

IRVING, Texas , Dec. 7, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its first quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, January 8, 2024, at 11:00 a.m.  Eastern Time (10:00 a.m.

Investors need to pay close attention to Commercial Metals (CMC) stock based on the movements in the options market lately.

Commercial Metals' (CMC) Q4 results reflect weak market conditions in Europe.

Commercial Metals Company (NYSE:CMC ) Q4 2023 Earnings Conference Call October 12, 2023 11:00 AM ET Company Participants Barbara Smith - Executive Chairman of the Board Peter Matt - President and Chief Executive Officer Paul Lawrence - Senior Vice President and Chief Financial Officer Conference Call Participants Tristan Gresser - BNP Paribas Exane Timna Tanners - Wolfe Research, LLC Alexander Hacking - Citigroup Inc. Operator [Call Starts Abruptly] Today's materials, including the press release and supplemental slides that accompany this call, can be found on CMC's Investor Relations website. Today's call is being recorded.

Commercial Metals posted quarterly earnings that came in short of expectations. The company is managing through a challenging demand environment in Europe.

Commercial Metals (CMC) came out with quarterly earnings of $1.69 per share, missing the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $2.45 per share a year ago.

Commercial Metals' (CMC) fiscal fourth-quarter results are likely to reflect strong demand in North America, offset by weak market conditions in Europe.