Commercial Metals Co. Files 2024 Annual Report
Ticker: CMC · Form: 10-K · Filed: Oct 17, 2024 · CIK: 22444
Sentiment: neutral
Topics: 10-K, annual-report, steel-manufacturing
TL;DR
CMC's 2024 10-K is in! Full financial picture for the steel giant.
AI Summary
Commercial Metals Company (CMC) filed its 10-K for the fiscal year ending August 31, 2024. The company, headquartered in Irving, Texas, operates in the steel manufacturing industry. Key financial details and operational highlights for the fiscal year are presented in this comprehensive annual report.
Why It Matters
This filing provides investors and analysts with a detailed overview of Commercial Metals Company's financial performance, strategic initiatives, and risk factors for the fiscal year 2024, crucial for understanding the company's current standing and future outlook.
Risk Assessment
Risk Level: medium — The filing covers a full fiscal year and includes detailed financial statements and risk factors inherent to the steel industry, such as commodity price fluctuations and economic cycles.
Key Numbers
- 0831 — Fiscal Year End (Indicates the end of the reporting period for the fiscal year 2024.)
- 20241017 — Filing Date (The date the 10-K report was officially submitted to the SEC.)
Key Players & Entities
- COMMERCIAL METALS Co (company) — Filer
- 20240831 (date) — Fiscal Year End
- 20241017 (date) — Filing Date
- Irving, TX (location) — Business Address City, State
FAQ
What is the primary business of Commercial Metals Company?
Commercial Metals Company is primarily involved in the steel industry, operating blast furnaces and rolling mills, as indicated by its SIC code [3312].
When did Commercial Metals Company's fiscal year 2024 end?
The fiscal year for Commercial Metals Company ended on August 31, 2024.
Where is Commercial Metals Company headquartered?
Commercial Metals Company is headquartered in Irving, Texas, with its business address listed as 6565 N. MacArthur Blvd., Suite 800.
What is the SEC file number for this 10-K filing?
The SEC file number for this 10-K filing is 001-04304.
What is the accession number for this filing?
The accession number for this filing is 0000022444-24-000140.
Filing Stats: 4,432 words · 18 min read · ~15 pages · Grade level 15.4 · Accepted 2024-10-17 11:55:32
Key Financial Figures
- $0.01 — ange on Which Registered Common Stock, $0.01 par value CMC New York Stock Exchange
- $1.6 billion — total value of unfulfilled orders, was $1.6 billion at August 31, 2024. 3 EUROPE STEEL
Filing Documents
- cmc-20240831.htm (10-K) — 2598KB
- cmc-08312024xform10xkxex101.htm (EX-10.1) — 39KB
- insidertradingpolicy-ex1.htm (EX-19) — 22KB
- cmc-08312024xform10xkxex21.htm (EX-21) — 44KB
- cmc-08312024xform10xkxex23.htm (EX-23) — 3KB
- cmc-08312024xform10xkxex31a.htm (EX-31.A) — 9KB
- cmc-08312024xform10xkxex31b.htm (EX-31.B) — 9KB
- cmc-08312024xform10xkxex32a.htm (EX-32.A) — 5KB
- cmc-08312024xform10xkxex32b.htm (EX-32.B) — 5KB
- cmc-20240831_g1.jpg (GRAPHIC) — 6KB
- cmc-20240831_g2.jpg (GRAPHIC) — 201KB
- cmc-20240831_g3.jpg (GRAPHIC) — 15KB
- cmc-20240831_g4.gif (GRAPHIC) — 7KB
- insidertradingpolicy-ex1001.jpg (GRAPHIC) — 230KB
- insidertradingpolicy-ex1002.jpg (GRAPHIC) — 244KB
- insidertradingpolicy-ex1003.jpg (GRAPHIC) — 207KB
- insidertradingpolicy-ex1004.jpg (GRAPHIC) — 287KB
- insidertradingpolicy-ex1005.jpg (GRAPHIC) — 287KB
- insidertradingpolicy-ex1006.jpg (GRAPHIC) — 110KB
- 0000022444-24-000140.txt ( ) — 17108KB
- cmc-20240831.xsd (EX-101.SCH) — 82KB
- cmc-20240831_cal.xml (EX-101.CAL) — 115KB
- cmc-20240831_def.xml (EX-101.DEF) — 441KB
- cmc-20240831_lab.xml (EX-101.LAB) — 1039KB
- cmc-20240831_pre.xml (EX-101.PRE) — 769KB
- cmc-20240831_htm.xml (XML) — 2848KB
: Risk Factors
Item 1A: Risk Factors 10
: Unresolved Staff Comments
Item 1B: Unresolved Staff Comments 21
: Cybersecurity
Item 1C: Cybersecurity 22
: Properties
Item 2: Properties 24
: Legal Proceedings
Item 3: Legal Proceedings 25
: Mine Safety Disclosure s
Item 4: Mine Safety Disclosure s 26 PART II 27
: Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5: Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 27
: Intentionally Omitted
Item 6: Intentionally Omitted
: Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations 27
: Quantitative and Qualitative Disclosures about Market Risk
Item 7A: Quantitative and Qualitative Disclosures about Market Risk 46
: Financial Statements and Supplementary Data
Item 8: Financial Statements and Supplementary Data 48
: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 90
: Controls and Procedures
Item 9A: Controls and Procedures 90
: Other Information
Item 9B: Other Information 91
: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 91 PART III 91
: Directors, Executive Officers and Corporate Governance
Item 10: Directors, Executive Officers and Corporate Governance 91
: Executive Compensation
Item 11: Executive Compensation 92
: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 92
: Certain Relationships and Related Transactions and Director Independence
Item 13: Certain Relationships and Related Transactions and Director Independence 92
: Principal Accountant Fees and Services
Item 14: Principal Accountant Fees and Services 92 PART IV 93
: Exhibits and Financial Statement Schedules
Item 15: Exhibits and Financial Statement Schedules 93
Signatures
Signatures 98 PART I
BUSINESS
ITEM 1. BUSINESS DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS This annual report on Form 10-K (hereinafter referred to as the "Annual Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the Private Securities Litigation Reform Act of 1995. Actual results, performance or achievements could differ materially from those projected in the forward-looking statements as a result of a number of risks, uncertainties and other factors. For a discussion of important factors that could cause our results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by our forward-looking statements, please refer to Part I, Item 1A, Risk Factors and Part II, Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations in this Annual Report. References in this Annual Report to "CMC," "the Company," "we," "our" and "us" refer to Commercial Metals Company and its subsidiaries unless otherwise indicated. Certain trademarks or service marks of CMC appearing in this Annual Report are the property of CMC and are protected under applicable intellectual property laws. Solely for convenience, our trademarks and tradenames referred to in this Annual Report may appear without the or symbols, but such references are not intended to indicate in any way that we will not assert, to the fullest extent under applicable law, our rights to these trademarks and tradenames. OVERVIEW Founded in 1915 as a single scrap yard in Dallas, Texas, CMC is an innovative solutions provider helping build a stronger, safer and more sustainable world. Through an extensive manufacturing network principally located in the United States ("U.S.") and Central Europe, we offer products and technologies to meet the critical reinforcement