Commercial Metals to supply steel for U.S. highway, CEO says [Seeking Alpha]
Commercial Metals Company (CMC)
Last commercial metals company earnings: 3/19 06:45 am
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Source: Seeking Alpha
Commercial Metals to supply steel for U.S. highway, CEO says Mar. 19, 2020 6:21 PM ET | Commercial Metals Company (CMC) Carl Surran Commercial Metals (NYSE: earnings conference call Smith said Commercial Metals is still seeing lots of bidding activity, booking orders and shipping metal to companies, and although cancellations also occur due to the coronavirus, most customers "are saying 'We'll do it next year,' so it's just moving the date out at this point." Smith expects a quick recovery from anticipated demand destruction due to the coronavirus, based on how China is bouncing back, and said the company is in good shape to handle impacts of the virus due to a strong cash position. Not every steel company will be affected the same way by the crisis, the CEO said; Commercial Metals is heavily focused on the construction industry while competitors which rely on demand from the energy and automotive sectors will take a heavier hit. Commercials Metals closed +8.7% in today's trade aft
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News
- Commercial Metals (NYSE: CMC) is now covered by analysts at Morgan Stanley. They set an "equal weight" rating and a $65.00 price target on the stock.MarketBeat
- CMC Publishes 2024 Sustainability ReportPR Newswire
- Commercial Metals (NYSE: CMC) had its "sell" rating re-affirmed by analysts at UBS Group AG. They now have a $56.00 price target on the stock, down previously from $62.00.MarketBeat
- CMC Announces First Quarter Fiscal 2025 Conference Call Webcast DetailsPR Newswire
- CMC Recognized as One of America's Most Responsible Companies by Newsweek for 2025 [Yahoo! Finance]Yahoo! Finance
CMC
Earnings
- 10/17/24 - Miss
CMC
Sec Filings
- 11/26/24 - Form ARS
- 11/26/24 - Form DEFA14A
- 11/26/24 - Form DEF
- CMC's page on the SEC website