Core Viewpoint - Commercial Metals (CMC) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to reveal quarterly earnings of $1.32 per share, reflecting a year-over-year increase of +46.7%, with revenues projected at $2.07 billion, up 3.6% from the previous year [3]. - The consensus EPS estimate has been revised 1.63% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +0.76% for Commercial Metals, suggesting analysts are optimistic about the company's earnings prospects [12]. - The stock currently holds a Zacks Rank of 3, indicating a neutral outlook, but the combination of a positive Earnings ESP and this rank suggests a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Commercial Metals was expected to post earnings of $0.85 per share but only achieved $0.74, resulting in a surprise of -12.94% [13]. - The company has not surpassed consensus EPS estimates in any of the last four quarters, indicating a trend of underperformance [14]. Conclusion - While the potential for an earnings beat exists, other factors may also influence stock movement, and it is essential to consider the broader context beyond just earnings results [15][17].

Core Insights - Commercial Metals Company (CMC) has signed a definitive agreement to acquire Concrete Pipe & Precast, LLC (CP&P) for $675 million, aiming to enhance its early-stage construction solutions portfolio [1][8] Deal Details - CP&P is a provider of precast concrete solutions in the Mid-Atlantic and South Atlantic regions of the U.S., fully owned by Eagle Corporation and ECPP, with strong margins and cash flows [2] - The acquisition price of $675 million corresponds to a multiple of 9.5X CP&P's projected EBITDA for 2025, which adjusts to 8.5X when accounting for expected cash tax benefits [3] Transaction Benefits - The acquisition will create a scalable platform for CMC in a fragmented industry with robust profit margins, providing a long-term growth opportunity through both organic and inorganic means [4] - The deal is expected to be immediately accretive to CMC's earnings per share and free cash flow per share, with anticipated annual run-rate synergies of $5 million to $10 million by the third year, primarily from optimization initiatives [5] - The addition of CP&P will enhance CMC's core business by introducing a complementary revenue stream with higher and more stable margins, requiring less capital than traditional steel operations, thus improving cash flow generation [6] Stock Performance - CMC's shares have increased by 9.4% over the past year, contrasting with an 18.4% decline in the industry [7]

Core Viewpoint - Commercial Metals Company (CMC) is discussing its acquisition of Concrete Pipe & Precast during a financial community conference call, highlighting the strategic importance of this acquisition for the company's future operations and financial performance [1][2]. Group 1: Acquisition Details - The acquisition of Concrete Pipe & Precast is expected to enhance CMC's operational capabilities and market presence in the construction materials sector [1]. - The call includes insights from CMC's President and CEO, Peter Matt, and CFO, Paul Lawrence, indicating a high level of executive involvement in the acquisition process [1]. Group 2: Financial Expectations - The company will provide forward-looking statements regarding economic conditions, U.S. construction activity, and the anticipated benefits of the acquisition [2][3]. - These statements are based on current beliefs and conditions but are subject to risks and uncertainties that could affect actual results [3].

Summary of Commercial Metals Company (CMC) Conference Call on Acquisition of Concrete Pipe and Precast (CPNP) Company and Industry - **Company**: Commercial Metals Company (NYSE: CMC) - **Acquisition Target**: Concrete Pipe and Precast LLC (CPNP) - **Industry**: Precast Concrete Industry - **Total Addressable Market**: Approximately $30 billion, growing faster than the broader concrete sector [8][10] Core Points and Arguments 1. **Strategic Acquisition**: The acquisition of CPNP is seen as a significant advancement in CMC's growth strategy, expected to create long-term value for customers and shareholders [4][14] 2. **Complementary Products**: CPNP offers a full suite of precast products that serve critical applications in infrastructure and construction, enhancing CMC's existing product suite [4][5] 3. **Geographical Synergy**: CPNP's operational footprint includes 17 plants located within 100 miles of CMC's mills, allowing for efficient logistics and operational synergies [5][6] 4. **Financial Profile Improvement**: The acquisition is expected to enhance CMC's financial profile by adding a business with higher, more stable margins and lower capital intensity compared to traditional steel operations [7][15] 5. **Market Trends**: The precast industry benefits from trends such as labor scarcity, the need for predictable project timelines, and increasing infrastructure investments, which are expected to drive demand [10][11] 6. **Operational Efficiencies**: CPNP's products are designed to save labor and time on construction sites, which is increasingly valuable in the current construction landscape [10][47] 7. **Fragmented Market**: The precast industry is fragmented, with the top 10 players holding less than 25% of the market, presenting opportunities for CMC to expand through acquisitions [11][12] Financial Metrics and Projections 1. **Transaction Details**: The acquisition is valued at $675 million, representing a 9.5 times multiple on CPNP's expected 2025 EBITDA, which is projected to be slightly above $70 million with margins in the low 20% range [16][44] 2. **EBITDA Growth**: CMC anticipates annual run-rate synergies of approximately $5 to $10 million by the end of year three, with a potential for $20 to $25 million of EBITDA growth by year three [17][23] 3. **Debt Management**: Post-transaction, CMC's net debt to EBITDA ratio is expected to remain modest at approximately 1.1 times, allowing for continued financial flexibility [18][35] Additional Insights 1. **Growth Strategy**: CMC plans to grow CPNP both organically and through further acquisitions, aiming to create regional strongholds and eventually a national platform [20][21] 2. **Market Penetration**: The precast market is expected to grow due to increased adoption and market penetration, driven by the advantages of precast products over traditional methods [28][66] 3. **Barriers to Entry**: The precast industry has established players, technical complexities, and capital requirements that create barriers to entry for new competitors [51][53] 4. **Customer Relationships**: Strong local relationships and technical expertise are crucial for success in the precast market, which CMC aims to leverage [52][60] Conclusion - CMC's acquisition of CPNP is positioned as a strategic move to enhance its portfolio in the precast concrete industry, tapping into a growing market with favorable trends and operational synergies. The company is optimistic about the financial benefits and long-term growth potential this acquisition will bring.

Acquisition Rationale - Expands CMC's market leadership into the precast concrete industry[5] - Enhances CMC's financial profile via higher, more stable margins and cash flows[5] - Extends growth runway and creates a scalable platform[5] CP&P Overview - CP&P has 17 plants and approximately 700 employees serving 7 core states[8] - CP&P is a leading supplier of concrete precast and pipe products in the Mid-Atlantic and South Atlantic regions[10] - CP&P holds the 1 or 2 position in its core regions[8, 10] Market and Financial Highlights - The U S total addressable market for precast concrete is $30 billion[22] - The forecasted demand CAGR (2024 to 2028) is 5% to 7%[22] - CP&P's revenue growth has a last 5-Year CAGR of 14%[54] - CP&P's EBITDA growth has a last 5-Year CAGR of 23%[54] Transaction Details - The purchase price is $675 million on a debt-free, cash-free basis[63] - The transaction represents a 9 5x multiple of 2025E EBITDA, which is effectively reduced to approximately 8 5x due to a cash tax benefit[58, 63] - Estimated synergies of approximately $5 million to $10 million annually by year 3 are expected from identified optimization opportunities[63]

Core Viewpoint - Commercial Metals Company (CMC) has announced the acquisition of Concrete Pipe & Precast, LLC (CP&P) for $675 million, enhancing its commercial portfolio in early-stage construction solutions and addressing structural demand in the construction industry [1] Group 1: Acquisition Details - The acquisition of CP&P is aimed at expanding CMC's commercial portfolio in early-stage construction solutions [1] - The cash purchase price for CP&P is set at $675 million, subject to customary adjustments [1] Group 2: Strategic Benefits - This acquisition deepens CMC's exposure to structural demand tailwinds in the construction sector [1] - It enhances CMC's ability to address construction challenges such as labor scarcity and project timelines [1] - The deal establishes a significant and scalable new growth platform for CMC with a strong regional leader in an attractive industry [1] Group 3: Financial Impact - The acquisition is expected to enhance CMC's financial profile, being accretive to earnings per share and free cash flow per share in the first year [1]

Accessibility StatementSkip Navigation IRVING, Texas, Sept. 16, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its fourth quarter and full year earnings release for fiscal 2025, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, October 16, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. Comm ...

Core Viewpoint - Cielo Waste Solutions Corp. has launched Project Nexus, a flagship clean fuels initiative aimed at transforming waste into renewable fuels, which will serve as the foundation for a scalable clean energy model known as the NEXUS Platform [1][2][5]. Group 1: Project Overview - Project Nexus is designed to convert challenging waste streams, such as creosote-treated railway ties, woody biomass, and agricultural residues, into renewable fuels like natural gas and hydrogen [2]. - The initiative aims to establish a replicable framework for waste-to-fuel facilities across various jurisdictions, enhancing the company's ability to expand its operations [2][3]. Group 2: Strategic Vision - The long-term vision for the NEXUS Platform is to enable Cielo to expand its operations across Canada and into global markets, allowing for flexibility and scalability tailored to local feedstocks and market conditions [3]. - The project is seen as a cornerstone of Cielo's growth strategy, positioning the company at the forefront of Canada's clean energy transition and paving the way for global waste-to-fuel innovation [5]. Group 3: Funding and Support - Cielo has submitted a $5 million grant application under the Canadian Clean Fuels Fund and is pursuing additional funding from various programs, which could significantly reduce capital requirements and enhance project economics [6]. - The recent announcement of a $370 million Biofuels Production Incentive by the Government of Canada is viewed positively, reflecting a commitment to advancing clean energy and fuels, which may benefit the broader operating environment for renewable fuel producers [7][8]. Group 4: Trading Information - Cielo's common shares have commenced trading on the OTCQB Venture Market under the symbol "CWSFF," in addition to trading on the TSX Venture Exchange under the symbol "CMC" [9].

Summary of Key Takeaways from the SMU Steel Summit 2025 Industry Overview - The conference focused on the North American steel market, with over 1,500 attendees from more than 500 companies, including producers, service centers, traders, consultants, and regulators [1] Core Insights 1. **Mixed Sentiment on Demand**: - Industry participants expressed a mixed outlook for demand in the second half of 2025 compared to the first half, with some expecting a decline in volumes while others anticipated steady demand [2][4] - Average volumes in the first half of 2025 were reported to be up 3-5% year-over-year, but flat volumes for the year would be considered a win by some [4] 2. **US HRC Pricing Expectations**: - There is a consensus that US Hot-Rolled Coil (HRC) pricing could remain stable to slightly improve due to continued import displacement, with expectations for prices to stay between $800-$900 per short ton in 2025 [2][4] 3. **Tariff Stability**: - Most participants believe that US tariffs on imported steel will remain in place, although there is uncertainty regarding the final levels and potential exceptions, particularly concerning Canada and Mexico [2][4] 4. **Cautious Optimism for 2026**: - Overall sentiment reflects cautious optimism for the near term, with a more constructive outlook heading into 2026 [3] Company-Specific Insights 1. **Nucor Corporation (NUE)**: - Rated as a Buy with a 12-month price target of $182, based on an 8.8x multiple on revised EBITDA estimates [6] - Risks include lower-than-expected demand from fiscal stimulus, stalled steel price improvements, and underperformance from recent acquisitions [6] 2. **Commercial Metals Company (CMC)**: - Also rated as a Buy with a 12-month price target of $67, based on a 7.5x multiple on EBITDA estimates [6] - Similar risks as NUE, including smaller-than-expected growth in the Emerging Business Group and demand from fiscal stimulus [6] 3. **Cleveland-Cliffs Inc. (CLF)**: - Rated as a Buy with a 12-month price target of $12.85, based on a 7.2x multiple on EBITDA estimates [6] - Risks include lower-than-expected cash flow and prolonged downturns in US automotive production, which constitutes about one-third of CLF's direct sales [6] Additional Considerations - The conference highlighted the importance of understanding the dynamics of the steel industry, including the impact of tariffs, pricing stability, and demand fluctuations, which are critical for investment decisions in this sector [2][4][5]

Core Points - Commercial Metals Company (CMC) has received the Obelisk Award for Arts Education from the Business Council for the Arts (BCA), recognizing its support for arts and culture in North Texas [1][5] - CMC has hosted the annual 'Scrap Can Be Beautiful' contest for 46 years, partnering with Booker T. Washington School for the Performing and Visual Arts, where students create sculptures from metal scrap materials [2][3] - The competition promotes environmental sustainability by repurposing metal scrap into art, aligning with CMC's commitment to sustainability since its founding over 100 years ago [3][4] Company Overview - CMC is an innovative solutions provider focused on building a stronger, safer, and more sustainable world, primarily serving the global construction sector [4] - The company operates an extensive manufacturing network in the United States and Central Europe, offering products and technologies for various construction applications, including infrastructure and energy generation [4] Business Council for the Arts Overview - The Business Council for the Arts, founded in 1988, is a nonprofit organization that promotes business support for arts and culture in North Texas [5] - BCA's initiatives include arts-based employee engagement programs and the annual Obelisk Awards, which celebrate business-arts partnerships and their impact on the cultural landscape [5]