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COMMERCIAL METALS Co

For the period ended Nov 30, 2023. Filed Jan 8, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Nov 30, 2023 · Filed Jan 8, 2024

CMC$62.28+0.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30, 2023

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-4304

COMMERCIAL METALS COMPANY

(Exact Name of Registrant as Specified in Its Charter)

Delaware75-0725338
(State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification Number)

6565 N. MacArthur Blvd., Irving, Texas 75039

(Address of Principal Executive Offices) (Zip Code)

(214) 689-4300

(Registrant's Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Common Stock, $0.01 par valueCMCNew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 ("Exchange Act") during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes☐ No☒

As of January 5, 2024,116,387,828 shares of the registrant's common stock, par value $0.01 per share, were outstanding.

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

TABLE OF CONTENTS

PART I — FINANCIAL INFORMATION3
Item 1. Financial Statements3
Condensed Consolidated Statements of Earnings (Unaudited) - Three months ended November 30, 2023 and 20223
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - Three months ended November 30, 2023 and 20224
Condensed Consolidated Balance Sheets (Unaudited) - November 30, 2023 and August 31, 20235
Condensed Consolidated Statements of Cash Flows (Unaudited) - Three months ended November 30, 2023 and 20226
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - Three months ended November 30, 2023 and 20227
Notes to Condensed Consolidated Financial Statements (Unaudited)8
Note 1. Nature of Operations and Accounting Policies8
Note 2. Changes in Business10
Note 3. Accumulated Other Comprehensive Income (Loss)10
Note 4. Revenue Recognition11
Note 5. Inventories, Net12
Note 6. Goodwill and Other Intangibles12
Note 7. Credit Arrangements14
Note 8. Derivatives15
Note 9. Fair Value16
Note 10. Stock-Based Compensation Plans18
Note 11. Stockholders' Equity and Earnings Per Share19
Note 12. Commitments and Contingencies19
Note 13. Segment Information20
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations21
Item 3. Quantitative and Qualitative Disclosures About Market Risk33
Item 4. Controls and Procedures33
PART II — OTHER INFORMATION34
Item 1. Legal Proceedings34
Item 1A. Risk Factors34
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds34
Item 3. Defaults Upon Senior Securities34
Item 4. Mine Safety Disclosures34
Item 5. Other Information35
Item 6. Exhibits35
Signature37
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.