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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 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
Tuesday, 28 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
Tuesday, 28 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
Saturday, 9 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
Saturday, 29 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
Tuesday, 27 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

BRIEF-Commercial Metals Company Reports Q1 EPS of $0.31

* MPANY REPORTS FIRST QUARTER FISCAL 2018 EARNINGS PER SHARE OF $0.31