Commercial Metals Company, a leading player in the steel and metal industry, has earned a prestigious spot on TIME's inaugural list of America's Best Mid-Size Companies 2024. This recognition, a collaboration between TIME and Statista Inc., celebrates companies operating within the United States that have demonstrated exceptional performance in employee satisfaction, revenue growth, and sustainability transparency. To qualify, companies must have generated at least $100 million but less than $10 billion in revenue in 2022 or 2023.
This accolade highlights CMC's unwavering commitment to its employees, stakeholders, and the broader community. With over a century of industry experience, CMC has consistently prioritized creating a safe and supportive environment for its workforce, which now exceeds 13,000 employees. Safety remains at the forefront of CMC's operational ethos, ensuring that each employee has the opportunity for both personal and professional development.
Peter R. Matt, President and Chief Executive Officer of CMC, expressed the company's pride in receiving this recognition. "CMC is proud to receive this award from TIME and Statista, Inc. in recognition of our investment in our employees. We strive to provide our over 13,000 employees an environment where safety is our top concern, and where they have the opportunity for both personal and professional growth," he stated. Matt's words encapsulate the company's enduring focus on being a responsible corporate entity, delivering value to all its stakeholders, including employees, customers, communities, financial partners, and shareholders.
The recognition by TIME is not just a testament to CMC's financial performance but also to its commitment to sustainability and ethical business practices. In recent years, the company has intensified its efforts to promote environmental stewardship, making significant strides in reducing its carbon footprint and enhancing sustainability initiatives across its operations. This focus on sustainability is integral to CMC's long-term strategy, as it seeks to balance profitability with social and environmental responsibility.
CMC's inclusion in the list of America's Best Mid-Size Companies is particularly significant given the stringent criteria used to evaluate candidates. The companies recognized on this list have not only demonstrated robust financial performance but have also excelled in fostering a positive work environment and promoting transparency in their sustainability practices. For CMC, this recognition affirms the effectiveness of its ongoing efforts to create value for its stakeholders while maintaining high standards of corporate governance.
The company's success can be traced back to its founding in 1915, when it was established with a commitment to responsible business practices and community engagement. Over the years, CMC has grown into a major player in the steel and metal industry, with operations spanning multiple continents. Despite its global reach, CMC has remained true to its roots, continuously investing in the communities where it operates and ensuring that its growth benefits all its stakeholders.
As CMC looks to the future, it remains dedicated to its core values of safety, integrity, and sustainability. The recognition by TIME serves as a milestone in the company's journey, reinforcing its commitment to excellence in every aspect of its business. CMC's focus on innovation, employee development, and environmental stewardship positions it as a leader in the industry, poised to continue making a positive impact for years to come.
