To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. [10], "Commercial Metals Company Form 10-K Annual Report for the Fiscal Year Ended August 31, 2020", "Commercial Metals to Acquire Owen Steel", "Commercial Metals Company 2002 Annual Report", "Commercial Metals Company Completes Acquisition of Australian Long Products Distributor G.A.M. addya4210b9fcde86310320cbc710d304f87 = addya4210b9fcde86310320cbc710d304f87 + 'cmc' + '.' + 'com'; Read our, Commercial Metals Company selected this as a representative review, This company especially in this pandemic is still managing to give out bonuses as well as not laid anyone off even though it's the slow season it is a fortune 5 hundred company with a small family type atmosphere. What is the most stressful part about working at Commercial Metals Company? Management uses bullying style of management; all buyers know it but keep quiet in fear of retaliation or being fired as management has been the same for many years. I wouldn't waste my time here again if I had the chance, to be honest. [9], In November 2018, the company acquired assets from Gerdau. Reviews are in part based on your teammates impression of you although you are not physically in the same location, you are required to clock in even though you are salaried. Not to mention this place is an exact replica of your high school experience with the amount of drama, finger-pointing, and rumors you'll see, hear and get dragged into. 
A members-only investing club that helps you grow your portfolio with Phone: 803-567-4515, Director of Mill Sales
While this P/E ratio is in line with CMC's competition it seems like the ratios for the steel and steel fabrication industry are lower than they should be and this might be a potential opportunity for investors. 'We believe there are opportunities to be more tactically positioned among the domestic steel participants,' such as U.S. Steel, Goldman Sachs says. They provide annual, and occasionally semi-annual, bonuses. recycles, and markets steel and metal products. Please. Definitely a great place for long term career. It's a nice place to work if you don't mind being stressed out beyond the point of no return and want a management team who couldn't care less about the issues and concerns you bring to their attention especially if they're serious concerns and internal issues with other employees that are being favored. The advacement opportunities are scarce and theres an evident lack of leadership. Nothing ever works out exactly like that but the idea that the price is so low compared to the earnings per share makes the shares attractive at these prices. This quarters record results speak to Apples constant efforts to innovate, said CEO Tim Cook. If you apply for CMC apply at the Cayce site where they do things right and treat you right. If you have an ad-blocker enabled you may be blocked from proceeding. In addition, the company provides fabricated steel products used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, industrial plants, power plants, highways, bridges and dams. If that were the case then the mills may not be able to stay relevant and the company could not maintain the refining operations. If you are looking for a micro-managing atmosphere where your work is not appreciated, your efforts go unnoticed, expectations can vary at any given moment, and salary is on the. The company pays a current dividend of 0.56 per share which is a 1.35% yield on the current share price. Got a confidential news tip? They are on track to finish their 3rd mirco mill and already have plans to construct a 4th in the next few years. It also manufactures and sells finished long steel products, including rebar, merchant bar, light structural, as well as semi-finished billets for re-rolling and forging applications. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Integrity. Average salary at Commercial Metals Company, Storeroom Clerk, scale operator, receiving clerk, See more Commercial Metals Company reviews by job title, See more Commercial Metals Company reviews by location, See all Commercial Metals Company locations. There's no work life balance, and they're only looking out for the company and not the workers. You do not get the correct tools you need to complete job task. Just trying to provide information about potential investment opportunities. The entire team is well qualified and kind. The company currently has a debt load of $1.5B but there is a history of stable cash flows and they also have current cash of $850M as a buffer to make those payments on time if regular cash flows were not as robust in the future. Micromanaging is beyond reason so much so that you start to question your worth within the company, you begin to second guess your decisions and start questioning your abilities. Great people and great benefits, you learn the basics your first day and the task are not overwhelming, I learned a lot in my first year with the company. Ltd, based in Melbourne, Australia. The boring nature of the recycling and refining business has not stopped the company from posting great earnings and continuing to make money for investors. Our world-class customer service team is committed to understanding your needs, developing custom solutions and delivering quality products on-time, every-time. The market that the company operates in is highly fragmented but they compete mainly on the quality and price of the products across the industry and the company believes they are among the largest recycling operations in the U.S., as well as a significant percentage of the total U.S. output of rebar and merchant bar. Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Senior Vice President, Vice President, General Counsel, Corporate Secretary, Vice President - Human Resources and Safety, Usinas Siderurgicas de Minas Gerais SA USIMINAS. The company continues to grow and make investments into equipment and mills that will bring profits for many years to come. States and in Europe. What is Commercial Metals Company sick leave policy? Our mission is to provide you with superior paving products at competitive prices and to fulfill all your paving construction requirements while exceeding your service expectations. This email address is being protected from spambots. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, bronze and brass ingot makers, specialty steel mills, and other consumers. The company has a strong position in the markets it operates and holds the #1 position in many of its product areas. They offer lots of training opportunities, tuition reimbursement, decent health benefits. Overall the job is repetitive and boring. The company had previously announced the planned acquisition of Tensar for $550M. var addya4210b9fcde86310320cbc710d304f87 = 'matthew.schewe' + '@'; Great benefits. 
The favored get a lighter workload while others have to unofficially work weekends to keep up. Health and accidental death plans/benefits are a plus Pay was good Overtime possible 401k plan, Extreme favoritism, Supervisors/management/HR disregard serious concerns, No job security, Stress levels are awful, Drama driven and toxic work culture. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CMC over the next 72 hours. The company is well positioned to continue to grow in the future. The construction and infrastructure markets in which the company operates is valued at $7.28 trillion worldwide and it is set to grow at 7.3% CAGR from 2022-2030 to $14.41 trillion. Copyright 2022 Top Workplaces, LLC | All Rights Reserved |. I'll be sad the day I have to leave this internship even if I get to stay with the company. Commercial Metals Company is a steel and metal manufacturer based in Irving, Texas. 
This acquisition expands the company's products and services and gives them more areas to grow in the future. Whats it like working at Commercial Metals Company? It sucks working there! Over the years it has been said "steel is in our blood." Eventually the share price will come to match the earnings that the company is making and make money for investors in the process. CMC's steel can be found in AT&T Stadium in Dallas and the Pentagon, its the backbone of highways, bridges and buildings all over the world. How often do raises occur at Commercial Metals Company? There is no recent news for this security. The company continues to grow and make investments into equipment and mills that will bring profits for many years to come. [2], In 2002, the company sold its heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds. they are a giant worldwide company with a good culture. AK Steel is up slightly on J.P. Morgan's double downgrade in a report that warns about uncertainties facing the steel industry. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Pay was mediocre at best. Nominate your organization today. 
Commercial Metals Company looks like a great company. Commercial Metals Annual Report 2021 (Commercial Metals Company Website). There is no Structure or Organization . DOWELS & DOWEL BASKET ASSEMBLIES - As a major manufacturer of dowels, dowel baskets and accessories, we can provide a full solution for all your paving needs including highway, airport and commercial projects. With corporate headquarters in Irving, Texas, CMC operates local recycling centers, steel mills, fabrication facilities, construction-related product stores, heat treating facilities and other metals related operations in the United States and Europe. As long as the furnace is running and making steel, safety, and equipment maintenance goes out the window. You can move up and into a good job pretty quick because they have an extremely high turnover rate, Insurance is not good, the pay isnt good either. Our community is ready to answer. Get actionable market insights from a team of experts who We take that as the highest compliment. Get this delivered to your inbox, and more info about our products and services. I am not receiving compensation for it (other than from Seeking Alpha). Good company, alot of extra perks they do for the employees. var path = 'hr' + 'ef' + '='; document.getElementById('cloak8193af9c72235ee3956db41aecd5223e').innerHTML = ''; Suite 800Irving, TX 75039http://cmc.com, 2022 Buy America Steel Products AssociationManaged by Peak Media Company, LLC. All Rights Reserved. So is much better now. You need JavaScript enabled to view it. real-time trade alerts, analysis of major market events, and key opportunities. They hold strong market leading positions for rebar and concrete reinforcement in the United States and in Europe. You need JavaScript enabled to view it. Currently building a 3rd micro mill and a 4th micro mill is also in the planning stages. Commercial Metals Investor Presentation (Commercial Metals Company Website ), "Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. CMC Lexington claims they are so safety conscious but yet bend the rules they had put in place for certain individuals. But now they allow 50% WFH schedule. Commercial Metals Company Investor Presentation (Commercial Metals Company Website). Steel Pty. How often do you get a raise at Commercial Metals Company? If you enjoy that, go for it.. Press enter to activate the dialog and use the tab key to navigate through the options. This quarters results were below the standards we have set for the company and our shareholders," said CEO Pat Gelsinger. In 1994, it acquired Owen Steel Company in an $87 million transaction. Good management. Action Alerts PLUS is a registered trademark of TheStreet, Inc. 5 RULES FOR TRADING DURING EARNINGS SEASON, MANAGING YOUR TRADING DURING A BEAR MARKET. The nation's most credible employer recognition program. Look beneath the surface and you'll see all that CMC has to offer - Strength. They work 12 hour shifts 5 days a week, and will change the schedule on you at any given time. Supply Chain Buyers- Texas Oklahoma Louisiana, Micro-managing nightmare. The boring nature of the recycling and refining business has not stopped the company from posting great earnings and continuing to make money for investors. In 2021 Commercial Metals had full year results of $6.7B in revenues and net income of $412.9M which came out to $3.38 EPS diluted. [7], In October 2016, it acquired the steel fabrication business of Associated Steel Workers, Limited. We want to hear from you. Accessibility, Disability and Accommodation. "We must and will do better. Please disable your ad-blocker and refresh. In the United States, the company owns 41 scrap metal recycling facilities with a total annual capacity of 4.9 million tons, six electric arc furnace mini mills and two electric arc furnace micro mills and two re-rolling mills with a total annual capacity of 5.4 million tons, and steel fabrication facilities with a total annual capacity of 2.4 million tons. Is this happening to you frequently? Even excluding the real estate gains, the financial results so far for 2022 are good and the company anticipates a continued strong financial and operational performance throughout the rest of the year. I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CMC over the next 72 hours. var addy_text8193af9c72235ee3956db41aecd5223e = 'greg.brandon' + '@' + 'cmc' + '.' + 'com';document.getElementById('cloak8193af9c72235ee3956db41aecd5223e').innerHTML += ''+addy_text8193af9c72235ee3956db41aecd5223e+'<\/a>'; What is the best part of working at Commercial Metals Company? I had a lot of good people to work with but it was a dangerous, hard job, that was extremely hot in the summer and cold in the winter. They're not misleading you into thinking everything will fall into your lap in the professional world. Youll have plenty of time off for the most part but they love to punish you if you dont wanna work voluntary overtime. Further it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company is very reliable, there's always work even if it rains, during the beginning of the pandemic and during we never stopped working and we always make alot of overtime. Use up or down arrow keys to navigate this menu. Being singled out in meetings in front of your peers is very common. Dallas-Fort Worth metro area Top 100 Places To Work. Commercial Metals Company is in a boring industry but has stable revenues and good income growth. CMC is a great company to work for. It's a stable company that's been in business over a 100 years. topics pulled from TheStreets premium content. At CMC we work hard to build lasting relationships. I was a shift supervisor in the rolling mill. var prefix = 'ma' + 'il' + 'to'; Do not recognize your hard work, do not like you standing up for what right, do not follow the standers put in place, do not appreciate their employees, ect. Commercial Metals Company (NYSE:CMC) is a key supplier to the construction and infrastructure markets in the United States and around the world. U.S. STEEL MILLS - CMC currently operates seven EAF minimills, two EAF micromills as well as a re-rolling mill, all strategically located throughout the United States to serve our broad range of customers. A Division of NBCUniversal. The benefits are great and they are flexible with time off. Dependability. That's not just a description of our products, but also of our people. var addy8193af9c72235ee3956db41aecd5223e = 'greg.brandon' + '@'; addy8193af9c72235ee3956db41aecd5223e = addy8193af9c72235ee3956db41aecd5223e + 'cmc' + '.' + 'com'; They have doubled their EBITDA from continuing operations in just the last couple of years and look to continue to benefit from that trend. Meltshop in Cayce, SC is held up with luck and years worth of dust. If that's what your into then go right ahead Not really worth wasting your time if you value nonproblematic work environments, but great for you if you like drama and no room to address issues. Overall it seems to be a good company, but equipment is trash and supervisors talk to people like getting be@t up has never crossed their minds seriously. Director of Fabrication Sales
It seems like the company is overlooked because it is a small company but it seems to be proving itself. [8], In August 2017, the company sold its CMC Cometals Division for $179 million. How many sick days do you get per year? Pay bonus and appreciate you. Commercial Metals currently has a market capitalization of $5B and a price to earnings (P/E) ratio of 5.66. The price that you would pay for the shares at the current time seems low for the amount of earnings per share the company can generate. Lack of advacement opportunities and repetitive work. I couldn't have asked for a better place to be an intern. What is the interview process like at Commercial Metals Company? Very demanding and management doesn't seem the importance of speaking to employees with respect. Another risk factor to the company is hedging transactions from foreign currency markets, commodity prices, and interest rates. Even at a higher multiple for the P/E ratio of around 10 which is still low the share price would double from current levels. The valuation of the company seems like a great opportunity for investors. Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, related materials and services. What is the work environment and culture like at Commercial Metals Company? These results include gains on the sale of some real estate in Southern California for about $200M. Upper management is absolutely horrible. They will work you into the ground and be done with you. Successful company - have had record earnings the past couple years. 2022 CNBC LLC. When combined with our inventory stocking model, it provides you immediate access to all our products for just-in-time delivery. This email address is being protected from spambots. I wrote this article myself, and it expresses my own opinions. This email address is being protected from spambots. Example: 12 p- 12a , 2 p-2a ,5p-5a without a notice or anything.. Great benefits and ability to transfer within company. No work-life balance. Despite continued inflationary pressures in fuel, energy, and transportation costs, were making progress on costs," said CEO Andy Jazzy. Welding is hard work but everyone was so well trained that it was a good environment to learn! They are on track to finish their 3rd mirco mill and already have plans to construct a 4th in the next few years. You are made to feel like you are always walking on pins and needles. If the rate of earnings stayed constant for about five and half years then the company would have earned enough cash per share to equal the full price per share. It may be hard work at times, of course, but the amount of knowledge and experience you get is bountiful.
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