Headquartered in Irving, TX Fiscal year ends August NYSE: CMC cmc.com
Commercial Metals Company (CMC) is a Fortune 500 provider of early-stage construction solutions that support the foundational phases of modern infrastructure and building projects. Founded in 1915, CMC has evolved from a single-site recycling operation into one of the largest U.S. manufacturers of steel reinforcing bar (rebar), a producer of subgrade soil stabilization and foundation enhancement solutions (through its Tensar brand), and a major supplier of concrete pipe and precast products (through acquisitions of Foley Products and Concrete Pipe & Precast). The company operates through three reportable segments: the North America Steel Group, which manufactures and sells rebar, merchant bar, and downstream fabricated steel products via an electric arc furnace (EAF) network; the Construction Solutions Group, which includes precast concrete, Tensar geogrid products, GalvaBar performance reinforcing steel, and construction services; and the Europe Steel Group, which produces steel products from facilities in Central Europe and the United Kingdom. CMC serves infrastructure, non-residential, residential, industrial, and energy end markets, with its products essential to highways, bridges, airports, data centers, and other critical structures. Updated
Commercial Metals reports at 6:45 AM ET, with analysts looking for $1.98 in EPS on $2.56 billion in revenue. Rebar pricing and infrastructure-driven construction demand are the read-throughs, and the company has beaten on earnings in three of its last four quarters.
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Commercial Metals Company (CMC) is a Fortune 500 provider of early-stage construction solutions that support the foundational phases of modern infrastructure and building projects.
24/7 Wall St.'s 12-month price target for CMC is $84.08, rated Buy. The Wall Street consensus target is $78.00. CMC price prediction →
