Although some may think we can
be lumped together with all the
companies in our industry, there
are important differences.
Differences in strategy, differences
in financial strength. And, finally,
differences in performance.
When you compare us to
other companies in our industry,
Focus on Long Products
At CMC, our steel production is primarily in long products–
such as reinforcing bars and merchant bars–that are typically
used in construction, a market that remains poised for
growth worldwide. We do not produce flat rolled products.
Unlike other companies in the industry, CMC doesn’t just
manufacture steel, with fortunes rising or falling based
on one segment. We also manufacture copper tubing; we
process ferrous and nonferrous scrap; we have diversified
geographically, operating the second largest steel producing
plant in Poland; we operate many fabrication plants,
construction-related product warehouses, and a heat
treating plant in the U.S; and we globally market, distribute
and process primary and secondary metals and other
related raw materials and products through a global network
of marketing and distribution offices, processing facilities
and other joint ventures. CMC is a company of global
reach, with a significant presence in North America,
Europe, Asia and Australia.
CMC’s sound management and commitment to being an
efficient, high-quality, low-cost producer have led to
more than a quarter century of consistent profitability and
financial stability. We are one of the very few companies
in the steel industry to have earned and maintained an
investment grade public debt rating. We have also earned
the trust of our shareholders. We have awarded quarterly
cash dividends to our investors for 164 consecutive
quarters. And we remain committed to increasing value
for our shareholders now, purchasing over three
million shares of CMC stock in 2005 and authorizing the
purchase of two million more.
Fiscal 2005 saw us achieve record net earnings, even
after the stunning records set in fiscal 2004. And record
net sales. Just two more milestones in 28 straight years
of profitability. For the full picture of the achievements of our
most recent record-setting year, see our complete annual
report or visit our website at www.commercialmetals.com.
The 5 Different Business Segments
Comprised of rebar and structural
Comprised of four steel
fabrication plants, joist plants, a
minimills with a capacity of 2.4
cellular beam fabricator, fence post
million tons and a copper
manufacturing plants, a heat treating
tube mill with a capacity of 80
plant and construction-related
product warehouses, with a capacity
of more than 1.4 million tons.
(tons shipped in millions) (tons shipped in thousands)
2.3 2.4 2.3
01 02 03 04 05 01 02 03 04 05
That Make Up 1 Different Company
One of the country’s largest
Markets, distributes and processes
processors of nonferrous scrap
primary and secondary metals
with a capacity of 530,000
and related products through a
tons and one of the largest
global network of marketing and
regional processors of ferrous
distribution offices, processing
scrap with a capacity of 3.0
facilities and other joint ventures.
The second largest steel producer
(tons shipped in millions)
in Poland with a capacity of 1.1
01 02 03 04 05
02 03 04 05
Adjusted for January 2005 stock split.
Since 1915, Commercial Metals Company and its subsidiaries have manufactured,
recycled and marketed steel and metal products and related materials throughout a
network of locations around the world. CMC is an efficient, high-quality, low-cost producer
EQUITY PER SHARE
90 95 00 05
Adjusted for January 2005 stock split.
and is one of the few steel companies with investment grade public debt ratings. CMC
has a high degree of vertical integration and is organized into five business segments:
Domestic Mills, CMCZ, Domestic Fabrication, Recycling and Marketing & Distribution.
6565 N. MacArthur Blvd. Suite 800 Irving, Texas 75039 Phone 214.689.4300