Commercial Metals Co. (CMC)

Commercial Metals Company engages in the manufacture, recycle, fabricate, and distribution of steel and metal products and related materials and services in the United States and internationally. It engages in the recycling operations through metal processing plants located in Texas, Oklahoma, Kansas, Louisiana, Arkansas, Missouri, Georgia, Tennessee, Florida, South Carolina, and North Carolina, as well as purchases and removes rail and other materials from abandoned railroads. The company also operates four steel minimills located in Texas, Alabama, South Carolina, and Arkansas that produce reinforcing bar, angles, flats, rounds, small beams, fence-post sections, and other shapes; a copper tube minimill; and a scrap metal shredder processing facility. In addition, Commercial Metals Company involves in fabrication operations through steel fabrication and processing plants that bend, weld, cut, fabricate, distribute, and place steel; warehouses that sell or rent products for the installation of concrete; plants that produce special sections for floors and support for ceilings and floors plants, which produce steel fence posts; and plants that treat steel with heat. Further, it markets and distributes semi-finished long and flat steel products into the Americas, which it purchases from international and domestic sources. Additionally, the company operates rolling mills at Poland and Croatia that produces primarily reinforcing bar and merchant products; wire rods; scrap processing facilities that directly support its minimill; and an electronic arc furnace for manufacturing steel pipes. Its customers include steel, nonferrous metals, metal fabrication, chemical, refractory, and transportation businesses. The company was founded in 1915 and is based in Irving, Texas.

For the three months ended 30 November 2006, Commercial Metals Company's revenues rose 21% to $1.99B. Net income increased 23% to $85.4M. Revenues reflect improved performance in domestic mills, fabrication and recycling segments. Net income also reflects an increase in operating profit in the copper tube mill due to the higher copper prices, an increase in shipments from fabrication plants of domestic fabrication.