No work-life balance. 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 (CMC) is one of the largest national steel and rebar manufacturers and fabricators in the United States. 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. I was a shift supervisor in the rolling mill. Ask a question about working or interviewing at Commercial Metals Company. Another risk factor to the company is hedging transactions from foreign currency markets, commodity prices, and interest rates. Pay bonus and appreciate you. We want to hear from you. Is this happening to you frequently? 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. 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. They work 12 hour shifts 5 days a week, and will change the schedule on you at any given time. Commercial Metals Annual Report 2021 (Commercial Metals Company Website). 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. How would you describe the pace of work at Commercial Metals Company? 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 cornerstone of our customer commitment is to make doing business with us as easy and as seamless as possible. 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. 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. 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. This email address is being protected from spambots. The benefits are great and they are flexible with time off. 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. The company has a strong position in the markets it operates and holds the #1 position in many of its product areas. 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. Very rewarding work. Some of the main risks to the company are that the mills require continual capital investments and could cause an issue to the company if that investment could not be maintained. 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. How many sick days do you get per year? The entire team is well qualified and kind. There is alot of room for promotion or moving around within the company. Horrible working conditions! var addya4210b9fcde86310320cbc710d304f87 = 'matthew.schewe' + '@'; var prefix = 'ma' + 'il' + 'to'; 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. As long as the furnace is running and making steel, safety, and equipment maintenance goes out the window. That's not just a description of our products, but also of our people. Commercial Metals Company is in a boring industry but has stable revenues and good income growth. Commercial Metals Company (NYSE:CMC) is a key supplier to the construction and infrastructure markets in the United States and around the world. There is far more to CMC Steel than the steel we produce. [7], In October 2016, it acquired the steel fabrication business of Associated Steel Workers, Limited. There is no recent news for this security. 2022 TheStreet, Inc. All rights reserved. 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. I have no business relationship with any company whose stock is mentioned in this article. Holidays off, general office atmosphere, annual bonus and raises. Press enter to activate the dialog and use the tab key to navigate through the options. This email address is being protected from spambots. document.getElementById('cloak8193af9c72235ee3956db41aecd5223e').innerHTML = ''; Large company that feels small (in a good way). TheStreets Single Smartest Insight From The Day. document.getElementById('cloaka4210b9fcde86310320cbc710d304f87').innerHTML = ''; Pay was mediocre at best. Whats it like working at Commercial Metals Company? You are made to feel like you are always walking on pins and needles. 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. 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. var path = 'hr' + 'ef' + '='; A members-only investing club that helps you grow your portfolio with [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. I really enjoyed working there, I just had the unfortunate luck of being saddled with an inadequate manager. Accessibility, Disability and Accommodation. 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. actually invest, trade, and manage money for a living. I wouldn't waste my time here again if I had the chance, to be honest. It seems like the company is overlooked because it is a small company but it seems to be proving itself. Integrity. 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. They will work you into the ground and be done with you. 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. I have no business relationship with any company whose stock is mentioned in this article. While these transactions are meant to reduce price fluctuations that can limit potential gains and also expose the company to losses. 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. Despite continued inflationary pressures in fuel, energy, and transportation costs, were making progress on costs," said CEO Andy Jazzy. Upper management is absolutely horrible. If you enjoy that, go for it.. At CMC we work hard to build lasting relationships. Benefits, 401k, vacations, boots, bonuses, flexibility, overtime, Pay is not competitive, adding more work without compensation. U.S. Steel, AK Steel and other metals firms extend rally after Trump boosts 'Buy American' rules for federal projects. It operates through four segments: Americas Recycling, America Mills, Americas Fabrication, and International Mill.". var path = 'hr' + 'ef' + '='; addy8193af9c72235ee3956db41aecd5223e = addy8193af9c72235ee3956db41aecd5223e + 'cmc' + '.' + 'com'; 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. 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. There is no Structure or Organization . [6] By January 2012, Icahn withdrew the offer for lack of shareholder support. Got a confidential news tip? var prefix = 'ma' + 'il' + 'to'; Action Alerts PLUS is a registered trademark of TheStreet, Inc. 5 RULES FOR TRADING DURING EARNINGS SEASON, MANAGING YOUR TRADING DURING A BEAR MARKET. Great benefits. The company is well positioned to continue to grow in the future. 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. 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! Wonderful company. They had some bad management but they got rid of them. So is much better now. 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. If you like Drama and A Management team who bends the rules for whom they like than you. Diversity Score tracks how positively diverse employees rate their experience at. What is the most stressful part about working at Commercial Metals Company? Supply Chain Buyers- Texas Oklahoma Louisiana, Micro-managing nightmare. Get this delivered to your inbox, and more info about our products and services. The company has also reported for the first two fiscal quarters of 2022 results of $4B in revenues and net income of $616.2M or $5.02 EPS diluted. The Fed's preferred inflation gauge spiked higher last month, suggesting consumer price pressures will extend through the summer months. Welding is hard work but everyone was so well trained that it was a good environment to learn! Potential catalyst with acquisition of Tensar. 'We believe there are opportunities to be more tactically positioned among the domestic steel participants,' such as U.S. Steel, Goldman Sachs says. Its operations Commercial Metals Company (CMC) Receives a Buy from KeyBanc. It has caused many family issues, especially with the spontaneous hour changes. [9], In November 2018, the company acquired assets from Gerdau. Successful company - have had record earnings the past couple years. Our community is ready to answer. This acquisition expands the company's products and services and gives them more areas to grow in the future. I am not receiving compensation for it (other than from Seeking Alpha). A Division of NBCUniversal. 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. Steel Pty. 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. The Health Insurance and some of the regular employees. The company has experienced steady growth and profits over the last several years and looks poised for more growth to come. 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. You need JavaScript enabled to view it. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. What tips or advice would you give to someone interviewing at Commercial Metals Company? Nominate your organization today. CMC is a great company to work for. 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. Get actionable market insights from a team of experts who Commercial Metals currently has a market capitalization of $5B and a price to earnings (P/E) ratio of 5.66. 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. they are a giant worldwide company with a good culture. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The company continues to grow and make investments into equipment and mills that will bring profits for many years to come. The kind of partnerships that keep our customers returning to us time and again for their most important and challenging projects. 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. In support of that commitment, we have developed myCMC, a web-based, eCommerce customer portal to help you manage your business more efficiently. This quarters record results speak to Apples constant efforts to innovate, said CEO Tim Cook. Commercial Metals Company is a steel and metal manufacturer based in Irving, Texas. These results include gains on the sale of some real estate in Southern California for about $200M. 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. Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, related materials and services. Commercial Metals Company Investor Presentation (Commercial Metals Company Website). var addy_texta4210b9fcde86310320cbc710d304f87 = 'matthew.schewe' + '@' + 'cmc' + '.' + 'com';document.getElementById('cloaka4210b9fcde86310320cbc710d304f87').innerHTML += ''+addy_texta4210b9fcde86310320cbc710d304f87+'<\/a>'; 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 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. They have doubled their EBITDA from continuing operations in just the last couple of years and look to continue to benefit from that trend. There's no work life balance, and they're only looking out for the company and not the workers. Sign up for free newsletters and get more CNBC delivered to your inbox. Ltd", "Commercial Metals Company Signs Definitive Asset Purchase Agreement for Purchase of Steel Fabrication Business of Associated Steel Workers, Limited", "Commercial Metals Company Announces Completion of Sale of CMC Cometals Division", "Commercial Metals Company Completes Acquisition Of Certain U.S. Rebar Assets From Gerdau", https://en.wikipedia.org/w/index.php?title=Commercial_Metals_Company&oldid=1033316627, Companies listed on the New York Stock Exchange, Manufacturing companies established in 1915, Manufacturing companies based in Irving, Texas, Creative Commons Attribution-ShareAlike License 3.0. Business data for Commercial Metals Company: This page was last edited on 12 July 2021, at 22:55. They provide annual, and occasionally semi-annual, bonuses. It sucks working there! If that were the case then the mills may not be able to stay relevant and the company could not maintain the refining operations. D Line was switched to one shift so we were transferred to A line and mad joists instead of girders! Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. I am not receiving compensation for it (other than from Seeking Alpha). Youll have plenty of time off for the most part but they love to punish you if you dont wanna work voluntary overtime. 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. 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. What is the interview process like at Commercial Metals Company? 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. I wrote this article myself, and it expresses my own opinions. But now they allow 50% WFH schedule. The favored get a lighter workload while others have to unofficially work weekends to keep up. Eventually the share price will come to match the earnings that the company is making and make money for investors in the process. If you apply for CMC apply at the Cayce site where they do things right and treat you right. The valuation of the company seems like a great opportunity for investors. Dallas-Fort Worth metro area Top 100 Places To Work. 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. What is the work environment and culture like at Commercial Metals Company? Over the years it has been said "steel is in our blood." CMC Lexington claims they are so safety conscious but yet bend the rules they had put in place for certain individuals. Definitely a great place for long term career. Meltshop in Cayce, SC is held up with luck and years worth of dust. Example: 12 p- 12a , 2 p-2a ,5p-5a without a notice or anything.. What is the best part of working at Commercial Metals Company? Look beneath the surface and you'll see all that CMC has to offer - Strength. Copyright 2022 Top Workplaces, LLC | All Rights Reserved |. real-time trade alerts, analysis of major market events, and key opportunities. Overall the job is repetitive and boring. We take that as the highest compliment. var addy_text8193af9c72235ee3956db41aecd5223e = 'greg.brandon' + '@' + 'cmc' + '.' + 'com';document.getElementById('cloak8193af9c72235ee3956db41aecd5223e').innerHTML += ''+addy_text8193af9c72235ee3956db41aecd5223e+'<\/a>'; addya4210b9fcde86310320cbc710d304f87 = addya4210b9fcde86310320cbc710d304f87 + 'cmc' + '.' + 'com'; Jonathan Heller looks at names he screened using a modification of Benjamin Graham's defensive investor approach. The company will benefit from the growth in the overall industry as it holds these top positions. 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. This quarters results were below the standards we have set for the company and our shareholders," said CEO Pat Gelsinger. Being singled out in meetings in front of your peers is very common. This email address is being protected from spambots. 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. We are a global metals company committed to delivering industry-leading customer service, providing an environment where our employees can succeed, improving our communities and creating value for our investors. Phone: 803-567-4515, Director of Mill Sales 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. Great benefits and ability to transfer within company. I learned so much on heavy equipment, automation machinery, hydraulic machines and the list goes on. "We must and will do better. Please. The company had previously announced the planned acquisition of Tensar for $550M. 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. See which companies are standing out to their employees, talent, and customers. [8], In August 2017, the company sold its CMC Cometals Division for $179 million. topics pulled from TheStreets premium content. They're not misleading you into thinking everything will fall into your lap in the professional world. It's a stable company that's been in business over a 100 years. 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. You do not get the correct tools you need to complete job task. 2022 CNBC LLC. The company pays a current dividend of 0.56 per share which is a 1.35% yield on the current share price. 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. Commercial Metals Company looks like a great company. 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. You need JavaScript enabled to view it. 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. Our state-of-the-art, quick change rolling mills provide unmatched manufacturing flexibility. [3] In June 2011, the company acquired G.A.M. They are on track to finish their 3rd mirco mill and already have plans to construct a 4th in the next few years. 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. What is Commercial Metals Company sick leave policy? 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. Use up or down arrow keys to navigate this menu. Steel Pty. Every manager and supervisor has given me realistic career and life advice. $17\hr includes hazard pay for literally working beside an erupting volcano! Currently building a 3rd micro mill and a 4th micro mill is also in the planning stages. I'll be sad the day I have to leave this internship even if I get to stay with the company. AK Steel is up slightly on J.P. Morgan's double downgrade in a report that warns about uncertainties facing the steel industry. Tensar is an industry leader in specialty early-phase construction reinforcement. All Rights Reserved. How are the working hours at Commercial Metals Company? Another potential catalyst for the company is the acquisition of Tensar which will be immediately accretive to the earnings of the company. I wrote this article myself, and it expresses my own opinions. States and in Europe. Much favoritism is displayed in favor of those who have learned the only way to lessen the probabilities of being the next target is by brown nosing. The company continues to grow and make investments into equipment and mills that will bring profits for many years to come. 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. When combined with our inventory stocking model, it provides you immediate access to all our products for just-in-time delivery. Our world-class customer service team is committed to understanding your needs, developing custom solutions and delivering quality products on-time, every-time. Dependability. Suite 800Irving, TX 75039http://cmc.com, 2022 Buy America Steel Products AssociationManaged by Peak Media Company, LLC. 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. Good company, alot of extra perks they do for the employees. You need JavaScript enabled to view it. Phone: 972-308-4431, 6565 North MacArthur Blvd. Please disable your ad-blocker and refresh. The nation's most credible employer recognition program. [2], In 2002, the company sold its heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds. var addy8193af9c72235ee3956db41aecd5223e = 'greg.brandon' + '@'; They are on track to finish their 3rd mirco mill and already have plans to construct a 4th in the next few years. They offer lots of training opportunities, tuition reimbursement, decent health benefits. They had to be dragged kicking and screaming into the remote work realm. FABRICATION - CMC fabricates, furnishes and installs rebar and accessories for all construction markets. Exclusive newsletter delivered to your inbox daily covering important investing Good management. 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. This brings CMC into potential projects earlier and lets them participate in more revenue per project rather than metal reinforcement for the concrete applications. How often do you get a raise at Commercial Metals Company? Day goes by really fast because you stay busy. Another potential catalyst for the company is the acquisition of Tensar which will be immediately accretive to the earnings of the company. The advacement opportunities are scarce and theres an evident lack of leadership. bonuses, profitable, stable, they encourage professional growth, They pick and choose who to force guidelines upon, policies and procedures aren't consistent across company. If you have an ad-blocker enabled you may be blocked from proceeding. Very outdated equipment along with 75% senior workers that are stuck in their ways doing everything the hard way. Just trying to provide information about potential investment opportunities. Lack of advacement opportunities and repetitive work. recycles, and markets steel and metal products.
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