COMMERCIAL METALS Co

Listed Company

CMCCIK 0000022444NYSELarge AcceleratedSteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)DelawareFY ends Aug 31

Period

FY 2025

Revenue

—

Net Income

—

Total Assets

$7.17B

Equity

$4.19B

Shares Out

110.89M

Op. Cash Flow

$715.07M

Business

Commercial Metals Co manufactures, recycles and supplies steel products and construction-related solutions for the global construction sector. It offers finished long steel products (rebar, merchant bar, wire rod, billets), fabricated rebar, wire mesh, welded mesh, galvanized and specialty reinforcing bars, geogrids and foundation systems, heat-treated high-strength steel, prefabricated bridge systems, fencing and construction equipment rental. Operations are organized into three reportable segments: North America Steel Group, Emerging Businesses Group and Europe Steel Group, spanning recycling, EAF steel mills, fabrication and value-added businesses. The company principally serves the U.S. and Central European markets (notably Poland) and distributes through its own logistics network and exports to neighboring countries, fabricators, distributors and contractors.

Summary from filing dated 2025-10-16

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Net sales	7,798	7,926	8,800	8,913	6,730
Cost of goods sold	6,578	6,567	6,988	7,057	5,624
Selling, general and administrative expenses	700	668	646	545	505
Interest expense	45	48	40	—	—
Litigation expense	362	0	0	—	—
Asset impairments	5	7	4	5	7
Net costs and operating expenses	7,691	7,290	7,678	7,398	6,196
Earnings before income taxes	108	636	1,122	—	—
Income tax expense	23	150	262	298	121
Net earnings	85	485	860	1,217	413
Basic (in shares)	0.75	4.19	7.34	10.09	3.43
Diluted (in shares)	0.74	4.14	7.25	9.95	3.38
Average basic shares outstanding (in shares)	113	116	117	121	120
Average diluted shares outstanding (in shares)	114	117	119	122	122

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Cash and cash equivalents	1,043	858	592	673	498
Accounts receivable (less allowance for doubtful accounts of $3,186 and $3,494)	1,202	1,159	1,240	1,359	1,106
Inventories	934	972	1,036	1,170	935
Prepaid and other current assets	314	285	276	240	173
Assets held for sale	1	19	0	60,000	25
Total current assets	3,495	3,293	3,144	3,441	2,737
Land	171	166	160	155	123
Buildings and improvements	1,207	1,167	1,071	800	793
Equipment	3,478	3,318	3,089	2,441	2,436
Construction in process	450	261	214	489	147
Property, plant and equipment, Gross	5,305	4,911	4,534	3,885	3,499
Less accumulated depreciation and amortization	−2,562	−2,334	−2,124	−1,974	−1,933
Property, plant and equipment, net	2,743	2,577	2,409	1,911	1,566
Intangible assets, net	211	235	259	257	10
Goodwill	387	386	386	249	66
Other noncurrent assets	337	327	441	378	259
Total assets	7,172	6,818	6,639	6,237	4,639
Accounts payable	358	351	364	428	451
Accrued contingent litigation-related loss	362	0	—	—	—
Other accrued expenses and payables	494	446	439	540	—
Current maturities of long-term debt	44	39	41	389	54
Total current liabilities	1,259	835	844	1,357	980
Deferred income taxes	185	277	307	250	112
Other noncurrent liabilities	225	255	253	230	236
Long-term debt	1,310	1,151	1,114	1,113	1,015
Total liabilities	2,979	2,518	2,518	2,951	2,344
Commitments and contingencies (Note 17)	—	—	—	—	—
Common stock, par value $0.01 per share; authorized 200,000,000 shares; issued 129,060,664 shares; outstanding 111,189,136 and 114,104,057 shares	1	1	1	1	1
Additional paid-in capital	407	407	395	383	368
Accumulated other comprehensive loss	−25	−86	−4	−114	−85
Retained earnings	4,507	4,504	4,097	3,312	2,163
Less treasury stock, 17,871,528 and 14,956,607 shares at cost	−697	−527	−369	−296	−153
Stockholders' equity	4,193	4,300	4,121	3,286	2,295
Stockholders' equity attributable to non-controlling interests	260,000	248,000	241,000	232,000	232,000
Total stockholders' equity	4,193	4,300	4,121	3,286	2,295
Total liabilities and stockholders' equity	7,172	6,818	6,639	6,237	4,639

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Net earnings	85	485	860	—	—
Depreciation and amortization	286	280	219	175	168
Stock-based compensation	37	45	61	47	44
Deferred income taxes and other long-term taxes	−98	−15	52	86	−40
Write-down of inventory	3	5	11	464,000	384,000
Unrealized (gain) loss on undesignated commodity hedges	−3	−2	3	—	—
Net loss on sales of assets	2	3	2	—	—
Other	2	4	3	2	157,000
Settlement of New Markets Tax Credit transactions	−3	−7	−18	0	0
Accounts receivable	−29	76	175	−258	−228
Inventories	43	62	177	−255	−316
Accounts payable, accrued expenses and other payables	50	−22	−173	4	195
Other operating assets and liabilities	−25	−21	−32	−64	−16
Net cash flows from operating activities	715	900	1,344	700	228
Capital expenditures	−403	−324	−607	−450	−184
Acquisitions, net of cash acquired	0	0	−235	−552	−2
Proceeds from government assistance related to property, plant and equipment	50	0	5	0	0
Proceeds from insurance	2	0	2	3	0
Proceeds from the sale of property, plant and equipment	6	756,000	1	315	26
Other	−2	513,000	−2	−507,000	−3
Net cash flows used by investing activities	−347	−323	−835	−685	−162
Proceeds from issuance of long-term debt, net	148	0	0	743	309
Repayments of long-term debt	−41	−36	−390	−329	−369
Debt issuance and extinguishment	−622,000	0	−2	−17	−3
Proceeds from accounts receivable facilities	36	175	330	440	297
Repayments under accounts receivable facilities	−36	−183	−349	−434	−270
Treasury stock acquired	−199	−183	−101	−162	0
Tax withholdings related to share settlements, net of purchase plans	−9	−8	−13	−9	−3
Dividends	−81	−79	−75	−68	−58
Proceeds from Noncontrolling Interests	12,000	7,000	9,000	0	20,000
Net cash flows used by financing activities	−183	−314	−599	165	−109
Effect of exchange rate changes on cash	1	891,000	7	−3	−790,000
Increase (decrease) in cash and cash equivalents	186	264	−84	178	−44
Cash paid for income taxes	116	158	200	229	141
Cash paid for interest	51	49	64	47	58
Liabilities related to additions of property, plant and equipment	37	35	31	56	40

Filings

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