Commercial Metals Appoints Peter Matt To Succeed Barbara Smith As President

RTTNews | 802 days ago
Commercial Metals Appoints Peter Matt To Succeed Barbara Smith As President

(RTTNews) - The Board of Directors of Commercial Metals Co. (CMC) announced Thursday that, as part of the Company's succession plan, the Board has appointed Peter Matt as President, effective as of April 1, 2023, succeeding Barbara Smith who will remain Chairman and Chief Executive Officer of the Company.

Matt will continue to serve on the Board of Directors of the Company, which he joined in June 2020.

Matt is a seasoned global business leader with significant experience across a range of manufacturing companies in metals and metals-related industries. He has served as Executive Vice President and Chief Financial Officer of Constellium SE since January 2017.

Prior to joining Constellium, Matt served as a Managing Partner for Tumpline Capital, LLC from 2015 to 2016. From 1985 to 2015, he held various leadership positions with Credit Suisse.

read more
Commercial Metals Q4 Adj. EPS Misses Estimates

Commercial Metals Q4 Adj. EPS Misses Estimates

Commercial Metals Co. (CMC) on Thursday reported that net earnings for the fourth quarter declined to $184.17 million or $1.56 per share from $288.63 million or $2.40 per share in the prior-year quarter.
RTTNews | 564 days ago
Commercial Metals Q3 Results Top Estimates

Commercial Metals Q3 Results Top Estimates

Commercial Metals Co. (CMC) on Thursday reported that net earnings for the third quarter soared to $312.43 million or $2.54 per share from $130.41 million or $1.07 per share in the prior-year quarter.
RTTNews | 1047 days ago
U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against its major counterparts in the New York session on Monday, as investors focused on upcoming earnings announcements and some crucial U.S. economic data.
RTTNews | 37 minutes ago
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a flat start and a subsequent sluggish spell the Switzerland market moved higher on Monday with stocks gradually gaining in strength as the day progressed.
RTTNews | 2h 4min ago