Highest-materiality recent filing
CMC appoints Michael Dumais to Board of Directors, effective June 23, 2026
Appointed Michael Dumais as Class II director; board expands from nine to ten members.
CMC reports Q2 fiscal 2026 adjusted EPS $1.16, core EBITDA jumps 114% YoY to $297.5M
Net earnings $93.0M ($0.83 diluted EPS); adjusted earnings $130.1M ($1.16 diluted EPS).
CMC increases quarterly dividend by 11% to $0.20 per share
Quarterly dividend raised $0.02 to $0.20 per share, an 11% increase from prior $0.18.
Foley Products, acquired by CMC, reports FY2024 sales $401M, net income $126M
Foley FY2024 net sales $401.1M, net income $126.0M, gross profit $184.2M.
CMC stockholders elect directors, ratify auditor, approve say-on-pay
Three Class I directors elected: Hickton (91.6M for), Matt (91.2M for), Wetherbee (77.0M for); Wetherbee had 18.5M votes against.
Net sales $2.1B vs $1.9B prior year; net earnings $177.3M vs net loss ($175.7M) a year ago.
CMC declares Q1 2026 quarterly dividend of $0.18 per share
Regular quarterly cash dividend of $0.18 per share declared.
CMC increases revolving credit facility to $1.0B and extends maturity to Dec 2030
Borrowing capacity raised from $600M to $1.0B under credit facility.
CMC closes $1.84B acquisition of Foley Products Company, precast concrete supplier
Acquired Foley Products Company for $1.84B cash; Foley supplies precast concrete and pipe products.
CMC completes $675M acquisition of Concrete Pipe & Precast; expects Foley deal close by end of 2025
Acquired CP&P for $675M cash; CP&P operates 17 facilities and employs 700 across Mid-Atlantic and South Atlantic regions.
CMC closes $2B private placement of senior notes to fund Foley acquisition
Issued $1B of 5.75% Senior Notes due 2033 and $1B of 6.00% Senior Notes due 2035 in a private placement.
CMC prices $2B senior notes offering to fund Foley Products acquisition
$1B of 5.75% Senior Notes due 2033 and $1B of 6.00% Senior Notes due 2035 priced.
CMC plans $2.0B notes offering to fund Foley acquisition; Foley FY2024 revenue $401M
CMC to offer $2.0B aggregate principal of senior unsecured notes; proceeds primarily for Foley acquisition and general corporate purposes.
Up to $1.85B 364-day bridge facility for acquisition under Oct 15 Securities Purchase Agreement.
Director Sarah E. Raiss to retire; SVP Jennifer J. Durbin resigns effective Dec 31, 2025
Sarah E. Raiss will retire as director and not stand for re-election at the Annual Meeting on Jan. 14, 2026.
CMC Q4 EPS $1.35 beat; core EBITDA margin 13.8%; full year net $84.7M after $274M litigation charge
Q4 net earnings $151.8M ($1.35/dil) vs $103.9M ($0.90/dil) YoY; adjusted EPS $1.37.
CMC acquires Foley Products for $1.84B cash; transforms precast platform
Cash purchase price $1.84B, 10.3x Foley’s forecasted 2025 EBITDA (9.2x after cash tax benefits).
CMC declares $0.18 quarterly dividend, payable Nov 13
Quarterly cash dividend of $0.18 per share declared by board on October 15, 2025.
CMC receives adverse ruling in Pacific Steel Group litigation; plans appeal to Ninth Circuit
On Sept 29, 2025, U.S. District Court for N.D. California upheld jury's verdict favoring Pacific Steel Group against CMC.
CMC to acquire Concrete Pipe & Precast for $675M, closes Dec 2025
Cash purchase price of $675M equals 9.5x CP&P's forecasted 2025 EBITDA; effective multiple ~8.5x after tax benefits.
CMC appoints Dawne S. Hickton to Board of Directors effective Oct 14, 2025
Appointed Dawne S. Hickton as Class I director effective Oct 14, 2025; board increased from 9 to 10.
CMC Q3 FY2025 net earnings $83.1M, down 30% YoY; adjusted EPS $0.74
Net earnings $83.1M ($0.73 diluted EPS) vs $119.4M ($1.02) YoY; adjusted EPS $0.74.
CMC declares $0.18 quarterly dividend; 243rd consecutive quarterly dividend
Regular quarterly cash dividend of $0.18 per share declared.
CMC closes $150M tax-exempt bond financing at 4.625% for WV solid waste project
Borrowed $150M from West Virginia Economic Development Authority via Solid Waste Disposal Facilities Revenue Bonds, Series 2025.
CMC prices $150M tax-exempt bonds at 4.625% for West Virginia waste facility
$150M principal, 4.625% interest rate, maturity 2055; initial term rate period ends May 15, 2032 with mandatory tender.
CMC plans $150M tax-exempt bond financing for West Virginia mill project
Plans to issue $150M tax-exempt Solid Waste Disposal Facility Revenue Bonds via WVEDA.
CMC Q2 fiscal 2025 net earnings $25.5M, down 70% YoY; adjusted EPS $0.26
Net earnings $25.5M ($0.22 diluted EPS) vs $85.8M ($0.73) prior year; adjusted earnings $29.3M ($0.26).
Commercial Metals declares $0.18 quarterly dividend, payable April 9, 2025
Board declared regular quarterly cash dividend of $0.18 per share.
Lisa M. Barton elected with 88.4M votes for (9.2M against); Gary E. McCullough with 92.1M for; Charles L. Szews with 91.2M for.
CMC reports Q1 net loss of $175.7M on $265M litigation charge; adjusted EPS $0.78
Q1 net loss $175.7M ($1.54/sh); adjusted earnings $88.5M ($0.78/sh) vs prior year adjusted $176.3M ($1.49/sh).
Commercial Metals declares $0.18 quarterly dividend; 241st consecutive payment
Cash dividend of $0.18 per share declared, payable Jan 30, 2025.
CMC faces $110M jury verdict in Pacific Steel antitrust case; trebled to $330M
Jury verdict against CMC for $110M, automatically trebled to $330M plus attorneys' fees.
CMC extends $600M revolver maturity by two years to 2029; drops foreign borrower
Revolving credit facility maturity extended to October 2029 from October 2027.
CMC Q4 net earnings $103.9M ($0.90 EPS), down 44% YoY; FY24 EPS $4.14 vs $7.25
Net sales $2.0B in Q4, down from $2.2B YoY; full year $7.9B vs $8.8B.
CMC declares $0.18 quarterly dividend, payable Nov 14
Dividend of $0.18 per share, payable November 14, 2024, to holders of record October 31, 2024.
CMC appoints Kekin Ghelani as Senior VP, Chief Strategy Officer effective October 1, 2024
Kekin Ghelani appointed Senior Vice President, Chief Strategy Officer, effective October 1, 2024.
Barbara R. Smith retires as Executive Chairman and from the Board effective Aug 31, 2024.
CMC declares $0.18 per share quarterly dividend; payable July 10, 2024
Regular quarterly cash dividend of $0.18 per share on CMC common stock declared.
CMC Q3 FY2024 EPS $1.02, down 48% YoY; sales $2.1B
Net earnings of $119.4M ($1.02/diluted share) vs $234.0M ($1.98) a year ago.
the Board has appointed Robert S. Wetherbee, who has served as an independent director on the Board since March 2023, to serve as Chairman of the Board, effective September 1, 2024
the Board appointed Tandra Perkins to serve as a Class II director of the Company, effective September 1, 2024
Sarah E. Raiss will resign from her position as Lead Director of the Board, effective August 31, 2024, but will continue to serve on the Board
Vicki L. Avril-Groves will retire from the Board, effective August 31, 2024
Barbara R. Smith, the Executive Chairman of the Company’s Board of Directors (the “ Board ”), will retire from such position and from the Board, effective August 31, 2024
Max materiality 0.95 · Median 0.55 · Most common event debt