About CMC
CMC is a company based in Irving (United States) founded in 1915. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. The company has 13,180 employees as of August 31, 2024. CMC has completed 6 acquisitions, including Advanced Steel, EDSCO and Foley Products. CMC offers products and services including Metal Recycling, Rebar Fabrication, and Zero Carbon Steel. CMC operates in a competitive market with competitors including Covanta, Vertex Energy, Lakeshore Recycling, Coastal Waste & Recycling and TerraCycle, among others.
- Headquarter Irving, United States
- Employees 13180 as on 31 Aug, 2024
- Stage Public
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Sectors
Environment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Commercial Metals Company
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Annual Revenue
$7.93 B-9.93as on Aug 31, 2024
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Net Profit
$485.49 M-43.53as on Aug 31, 2024
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EBITDA
$974.98 M-30.02as on Aug 31, 2024
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Latest Funding Round
$53.99 K (USD), Grant
Jun 01, 2018
- Investors
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Employee Count
13180
as on Aug 31, 2024
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Investments & Acquisitions
Advanced Steel
& 5 more
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IPO & Listings of CMC
CMC is a publicly listed company on the NYSE with ticker symbol CMC in USA, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of CMC
CMC offers a comprehensive portfolio of products and services, including Metal Recycling, Rebar Fabrication, and Zero Carbon Steel. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Scrap metal is recycled into sustainable steel products.
Rebar is fabricated for various construction project needs.
Carbon-neutral steel is provided for eco-friendly construction solutions.
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Software Development Team
44 people
Human Resources and Administration
34 people
Leadership Team
30 people
Finance and Accounting
21 people
Sales and Marketing
20 people
Senior Team
15 people
Operations Team
11 people
Legal and Compliance
7 people
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Funding Insights of CMC
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $53,986
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First Round
First Round
(03 May 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2018 | Amount | Grant - CMC | Valuation |
investors |
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| May, 2018 | Amount | Debt – Conventional - CMC | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CMC
CMC has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CMC
CMC has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Advanced Steel, EDSCO and Foley Products. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of metal recycling and scrap services
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2004 | ||||
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Concrete construction, restoration, and engineering services are provided.
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2003 | ||||
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Provider of waste management services
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - CMC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cmc Comparisons
Competitors of CMC
CMC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Covanta, Vertex Energy, Lakeshore Recycling, Coastal Waste & Recycling and TerraCycle, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of waste recycling services
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| domain | founded_year | HQ Location |
Waste recycling services in the oil industry are provided.
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| domain | founded_year | HQ Location |
Waste recycling services are provided across the United States.
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| domain | founded_year | HQ Location |
Solid waste disposal and recycling services are provided.
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| domain | founded_year | HQ Location |
Waste recycling services for hard-to-recycle plastics are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cmc
Frequently Asked Questions about CMC
When was CMC founded?
CMC was founded in 1915 and raised its 1st funding round 103 years after it was founded.
Where is CMC located?
CMC is headquartered in Irving, United States. It is registered at Irving, Texas, United States.
Who is the current CEO of CMC?
Barbara Smith is the current CEO of CMC.
How many employees does CMC have?
As of Aug 31, 2024, the latest employee count at CMC is 13,180.
What is the annual revenue of CMC?
Annual revenue of CMC is $7.93B as on Aug 31, 2024.
What does CMC do?
CMC, known as Commercial Metals Company, is involved in the recycling of scrap metal into sustainable steel products. Operations span across metal recycling, mill products, and fabrication services like rebar and corrosion-resistant solutions. The company serves various sectors including construction and infrastructure, with a focus on highways, bridges, and buildings worldwide. Innovative solutions such as Zero Carbon Steel and energy-efficient micro mills are provided. Environmental sustainability is prioritized by using 100 recycled steel and reducing CO2 emissions significantly compared to industry standards.
Who are the top competitors of CMC?
CMC's top competitors include Vertex Energy, Covanta and Coastal Waste & Recycling.
What products or services does CMC offer?
CMC offers Metal Recycling, Rebar Fabrication, and Zero Carbon Steel.
Is CMC publicly traded?
Yes, CMC is publicly traded on NYSE under the ticker symbol CMC.
How many acquisitions has CMC made?
CMC has made 6 acquisitions, including Advanced Steel, EDSCO, and Foley Products.
Who are CMC's investors?
CMC has 1 investor. Key investors include European Union.
What is CMC's ticker symbol?
The ticker symbol of CMC is CMC on NYSE.
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