| Business Summary | | Commercial
Metals
Company
(CMC)
operates
in
three
business
segments:
manufacturing,
recycling
and
marketing
and
trading.
The
manufacturing
segment,
the
Company's
dominant
and
most
rapidly
expanding
segment,
operates
four
steel
minimills,
26
steel
fabrication
plants,
four
steel
joist
and
two
castellated
and
cellular
beam
manufacturing
facilities,
four
steel
fence
post
manufacturing
plants,
a
heat
treating
plant,
eight
metals
recycling
plants,
a
railcar
rebuilding
facility,
22
concrete
related
product
warehouses,
an
industrial
products
supply
facility
and
a
railroad
salvage
company.
The
recycling
segment
is
engaged
in
processing
secondary,
or
scrap,
metals
for
further
recycling
into
new
metal
products.
The
marketing
and
trading
segment
buys
and
sells
primary
and
secondary
metals,
fabricated
metals
and
other
industrial
products
through
a
network
of
trading
offices
located
around
the
globe. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Commercial
Metals
Company
manufactures,
recycles,
and
markets
steel
and
metal
products
and
related
materials.
CMC
also
trades
primary
and
secondary
metals
and
other
industrial
products
worldwide.
For
the
nine
months
ended
5/31/01,
revenues
fell
8%
to
$1.79
billion.
Net
income
fell
70%
to
$10.2
million.
Revenues
reflect
a
significant
slow
down
in
economic
growth.
Earnings
also
suffered
from
the
inclusion
of
a
$10.7
million
litigation
accrual
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Stanley Rabin, 62 Chairman,
Pres and CEO | $1.2M | Marvin Selig, 77 Director;
CMC Steel Group - Chairman and CEO | 960K | William Larson, 47 VP
and CFO | -- | A. Leo Howell, 79 VP;
Pres of Howell Metal Company | 1.0M | David Sudbury, 55 VP,
Gen. Counsel, Sec. | -- | Dollar amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|