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. Commercial Metals Annual Report 2021 (Commercial Metals Company Website).
bonuses, profitable, stable, they encourage professional growth, They pick and choose who to force guidelines upon, policies and procedures aren't consistent across company. There is alot of room for promotion or moving around within the company. [7], In October 2016, it acquired the steel fabrication business of Associated Steel Workers, Limited.
The company pays a current dividend of 0.56 per share which is a 1.35% yield on the current share price.
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. 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. In Poland, it owns 12 scrap metal recycling facilities with a total annual capacity of 0.6 million tons, five steel fabrication facilities with a total annual capacity of 0.3 million tons, and a mini mill in Zawiercie with an annual capacity of 1.3 million tons. Get actionable market insights from a team of experts who The company also manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Its operations Commercial Metals Company (CMC) Receives a Buy from KeyBanc. How often do you get a raise at Commercial Metals Company? 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. $17\hr includes hazard pay for literally working beside an erupting volcano! That's not just a description of our products, but also of our people. Most deadlines were also not communicated efficiently and 100 percent truthfully and it's your fault if this happens. We operate state-of-the-art fabrication facilities in over 90 locations throughout the U.S. With almost 2.5 million tons of fabricating capacity, we have the national presence and capacity to serve all your rebar needs with the same consistent level of customer service, no matter where your project is located.
They're not misleading you into thinking everything will fall into your lap in the professional world. Great benefits and ability to transfer within company. 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.
var addya4210b9fcde86310320cbc710d304f87 = 'matthew.schewe' + '@'; No work-life balance. They hold strong market leading positions for rebar and concrete reinforcement in the United States and in Europe. The cornerstone of our customer commitment is to make doing business with us as easy and as seamless as possible. We are a dedicated team of steelmaking professionals committed to providing quality products and industry leading customer service that exceed your expectations.
Horrible working conditions! 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.
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Press enter to activate the dialog and use the tab key to navigate through the options. Commercial Metals Company is a steel and metal manufacturer based in Irving, Texas. How would you describe the pace of work at Commercial Metals Company?
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. Very demanding and management doesn't seem the importance of speaking to employees with respect. 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.
In 1994, it acquired Owen Steel Company in an $87 million transaction. TheStreets Single Smartest Insight From The Day. Action Alerts PLUS is a registered trademark of TheStreet, Inc. 5 RULES FOR TRADING DURING EARNINGS SEASON, MANAGING YOUR TRADING DURING A BEAR MARKET.
Very rewarding work. If management is unhappy about something a new "rule" might suddenly be enforced and you are reprimanded outright if you didn't abide by it before the communication took place. There is no Structure or Organization . 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.
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. Commercial Metals Company Investor Presentation (Commercial Metals Company Website). They had to be dragged kicking and screaming into the remote work realm. Wonderful company. Phone: 972-308-4431, 6565 North MacArthur Blvd. Our mills have the capacity to produce over 6 million tons of finished long steel products including rebar, merchant bar, steel flats, channel bar, steel channels, steel angles, structural angles, structural channels, T-post, SBQ and special sections as well as semi-finished billets for re-rolling and forging applications. While these transactions are meant to reduce price fluctuations that can limit potential gains and also expose the company to losses. Ltd, based in Melbourne, Australia. Data is a real-time snapshot *Data is delayed at least 15 minutes.
topics pulled from TheStreets premium content. 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. 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. How are the working hours at Commercial Metals Company?
Director of Fabrication Sales If you like Drama and A Management team who bends the rules for whom they like than you.
Being singled out in meetings in front of your peers is very common.
I wrote this article myself, and it expresses my own opinions. You do not get the correct tools you need to complete job task. The pay sucks for the work you're going, the hours are spontaneous hours, "willing to change at any given moment ", There's no work life balance, not a great job for a person with a family. So is much better now.
What is the interview process like at Commercial Metals Company? They provide annual, and occasionally semi-annual, bonuses. Jonathan Heller looks at names he screened using a modification of Benjamin Graham's defensive investor approach.
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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. addy8193af9c72235ee3956db41aecd5223e = addy8193af9c72235ee3956db41aecd5223e + 'cmc' + '.' + 'com'; Our state-of-the-art, quick change rolling mills provide unmatched manufacturing flexibility.
It seems like the company is overlooked because it is a small company but it seems to be proving itself.
[9], In November 2018, the company acquired assets from Gerdau. Got a confidential news tip? With corporate headquarters in Irving, Texas, Commercial Metals Company is a Fortune 500 company which operates metal recycling centers; steel mills; steel fabrication facilities; construction-related product services; and heat treating facilities in the United States and Europe. Phone: 803-567-4515, Director of Mill Sales
Commercial Metals Company looks like a great company.
canopies cantilevered aluminum canopy walkway metal cad drop bus commercial prefabricated overhead entrance designs dwg drawings covers supported 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. 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. Another potential catalyst for the company is the acquisition of Tensar which will be immediately accretive to the earnings of the company. These results include gains on the sale of some real estate in Southern California for about $200M. It sucks working there!
Pay bonus and appreciate you.
Good management. Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, related materials and services. 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. Exclusive newsletter delivered to your inbox daily covering important investing
The company is well positioned to continue to grow in the future.
Commercial Metals Company (NYSE:CMC) is a key supplier to the construction and infrastructure markets in the United States and around the world. var path = 'hr' + 'ef' + '=';
[3] In June 2011, the company acquired G.A.M.
Pay was mediocre at best. Our world-class customer service team is committed to understanding your needs, developing custom solutions and delivering quality products on-time, every-time. Potential catalyst with acquisition of Tensar.
They are on track to finish their 3rd mirco mill and already have plans to construct a 4th in the next few years.
Despite continued inflationary pressures in fuel, energy, and transportation costs, were making progress on costs," said CEO Andy Jazzy. What is the most stressful part about working at Commercial Metals Company? The company continues to grow and make investments into equipment and mills that will bring profits for many years to come. It has caused many family issues, especially with the spontaneous hour changes. What tips or advice would you give to someone interviewing at Commercial Metals Company? 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.
If you apply for CMC apply at the Cayce site where they do things right and treat you right. There's no work life balance, and they're only looking out for the company and not the workers.
See which companies are standing out to their employees, talent, and customers. Benefits, 401k, vacations, boots, bonuses, flexibility, overtime, Pay is not competitive, adding more work without compensation. var addy_text8193af9c72235ee3956db41aecd5223e = 'greg.brandon' + '@' + 'cmc' + '.' + 'com';document.getElementById('cloak8193af9c72235ee3956db41aecd5223e').innerHTML += ''+addy_text8193af9c72235ee3956db41aecd5223e+'<\/a>';
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We want to hear from you. I wouldn't waste my time here again if I had the chance, to be honest. 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. The favored get a lighter workload while others have to unofficially work weekends to keep up. At CMC we work hard to build lasting relationships.
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I have no business relationship with any company whose stock is mentioned in this article.
The company continues to grow and make investments into equipment and mills that will bring profits for many years to come.
Youll have plenty of time off for the most part but they love to punish you if you dont wanna work voluntary overtime. Dallas-Fort Worth metro area Top 100 Places To Work. 2022 TheStreet, Inc. All rights reserved.
advisorycloud I started out at mid web and it was really physical work lifting all the webbing that was used in between too and bottom cord of steel! [8], In August 2017, the company sold its CMC Cometals Division for $179 million. 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. Upper management is absolutely horrible. I couldn't have asked for a better place to be an intern. How many sick days do you get per year?
Definitely a great place for long term career. The Company manufactures steel and metal products through a network of facilities that includes seven electric arc furnace (EAF) mini mills, two EAF micro mills, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland.
[2], In 2002, the company sold its heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds. They will work you into the ground and be done with you. actually invest, trade, and manage money for a living.
This acquisition expands the company's products and services and gives them more areas to grow in the future. [4], In November 2011, Carl Icahn offered to buy the company for $15 per share,[5] which the company rejected the following month. I learned so much on heavy equipment, automation machinery, hydraulic machines and the list goes on. Welding is hard work but everyone was so well trained that it was a good environment to learn! I am not receiving compensation for it (other than from Seeking Alpha). To us, it means we care about the products we make, the folks we make them for, and the world we share - right down to our core.
var prefix = 'ma' + 'il' + 'to'; They offer lots of training opportunities, tuition reimbursement, decent health benefits. The advacement opportunities are scarce and theres an evident lack of leadership. CMC Lexington claims they are so safety conscious but yet bend the rules they had put in place for certain individuals. I was a shift supervisor in the rolling mill. It operates through four segments: Americas Recycling, America Mills, Americas Fabrication, and International Mill.". Another risk factor to the company is hedging transactions from foreign currency markets, commodity prices, and interest rates. The kind of partnerships that keep our customers returning to us time and again for their most important and challenging projects. The company has experienced steady growth and profits over the last several years and looks poised for more growth to come.
Supply Chain Buyers- Texas Oklahoma Louisiana, Micro-managing nightmare. 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. Whats it like working at Commercial Metals Company?
A Division of NBCUniversal. Meltshop in Cayce, SC is held up with luck and years worth of dust. Currently building a 3rd micro mill and a 4th micro mill is also in the planning stages. We take that as the highest compliment. Copyright 2022 Top Workplaces, LLC | All Rights Reserved |. Just trying to provide information about potential investment opportunities. When combined with our inventory stocking model, it provides you immediate access to all our products for just-in-time delivery. I am not receiving compensation for it (other than from Seeking Alpha). The company had previously announced the planned acquisition of Tensar for $550M. Diversity Score tracks how positively diverse employees rate their experience at.
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. You need JavaScript enabled to view it. 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. This quarters record results speak to Apples constant efforts to innovate, said CEO Tim Cook. They are on track to finish their 3rd mirco mill and already have plans to construct a 4th in the next few years. Successful company - have had record earnings the past couple years.
At each of our facilities, we have the estimating, detailing and fabricating experience to manage any project, no matter what the size or schedule demands may be. There is no recent news for this security. Steel Pty.
If you enjoy that, go for it.. Commercial Metals currently has a market capitalization of $5B and a price to earnings (P/E) ratio of 5.66.
With COVID-19 going on, your work station 6x12 room could have 3-5 workers, trainees, maintenance, leads at given times all through your shift. real-time trade alerts, analysis of major market events, and key opportunities.
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. Our community is ready to answer. var addy8193af9c72235ee3956db41aecd5223e = 'greg.brandon' + '@'; States and in Europe.
I really enjoyed working there, I just had the unfortunate luck of being saddled with an inadequate manager. A members-only investing club that helps you grow your portfolio with Holidays off, general office atmosphere, annual bonus and raises. 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.
Accessibility, Disability and Accommodation.
'We believe there are opportunities to be more tactically positioned among the domestic steel participants,' such as U.S. Steel, Goldman Sachs says. var prefix = 'ma' + 'il' + 'to'; I have no business relationship with any company whose stock is mentioned in this article.
This quarters results were below the standards we have set for the company and our shareholders," said CEO Pat Gelsinger. What is Commercial Metals Company sick leave policy?
It's a stable company that's been in business over a 100 years.
"We must and will do better. addya4210b9fcde86310320cbc710d304f87 = addya4210b9fcde86310320cbc710d304f87 + 'cmc' + '.' + 'com'; Please. 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. 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. What is the work environment and culture like at Commercial Metals Company? Suite 800Irving, TX 75039http://cmc.com, 2022 Buy America Steel Products AssociationManaged by Peak Media Company, LLC. 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. Overall the job is repetitive and boring.
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. In support of that commitment, we have developed myCMC, a web-based, eCommerce customer portal to help you manage your business more efficiently. 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.
FABRICATION - CMC fabricates, furnishes and installs rebar and accessories for all construction markets.
Over the years it has been said "steel is in our blood." 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. U.S. stock futures extend declines and oil prices continue rising amid tensions between the U.S. and Iran; Boeing is looking into potential wiring problems of its 737 MAX aircraft; Netflix comes up short at the Golden Globes. Good company, alot of extra perks they do for the employees. 3.8 out of 5 stars for Compensation/Benefits, 3.3 out of 5 stars for Job Security/Advancement, For the best experience, please upgrade to a modern, fully supported web browser. 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. The company has a strong position in the markets it operates and holds the #1 position in many of its product areas. [1], The company was founded in 1915 by Jacob Feldman as a scrap trading company. Large company that feels small (in a good way).
Every manager and supervisor has given me realistic career and life advice. This acquisition expands the company's products and services and gives them more areas to grow in the future. This brings CMC into potential projects earlier and lets them participate in more revenue per project rather than metal reinforcement for the concrete applications. 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. Another potential catalyst for the company is the acquisition of Tensar which will be immediately accretive to the earnings of the company.
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