1. CMC awarded the Obelisk Award for Arts Education in North Texas. 2. The award recognizes CMC's support for arts and sustainability initiatives. 3. CMC's long-standing contest promotes student creativity using metal scrap materials. 4. Sustainability is central to CMC's mission since its inception over 100 years ago. 5. Awards highlight the impact of business investments in arts and culture.
CMC’s recognition enhances its brand image and community relations, potentially increasing customer loyalty and sales. Historically, awards and recognition often correlate with positive stock performance.
Recognition from a reputable organization can influence investor perception and confidence in CMC's operations and societal contributions.
The news may lead to immediate positive sentiment and potential short-term gains. Long-term effects depend on sustained community and market perception.
IRVING, Texas, Aug. 26, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) ("CMC" or the "Company") today announced that it has received the Obelisk Award for Arts Education by the Business Council for the Arts (BCA). The Obelisk Awards honor businesses, individuals and nonprofits for their extraordinary support of arts and culture in North Texas.
For the past 46 years, CMC has hosted an annual contest and exhibit titled 'Scrap Can Be Beautiful' in partnership with Booker T. Washington School for the Performing and Visual Arts in Dallas. Students from the school's 3D design and sculpture classes compete each year by designing sculptures made from metal scrap materials donated by CMC's local recycling yard.
"CMC is very proud to receive this special honor in recognition of our long-standing history of Scrap Can Be Beautiful," commented Peter R. Matt, President and Chief Executive Officer. "This competition not only provides a platform that combines the arts and education but also engages students in environmental sustainability through repurposing metal scrap materials into creative works of art. Sustainability has been the heart of CMC since our founding over 100 years ago."
"This year's Obelisk honorees exemplify the extraordinary impact business leaders have when they invest in the arts," said Oncor Senior Vice President and BCA Board Chair Joel Austin. "Their time, talent, and resources strengthen our cultural identity, fuel innovation, and make North Texas a destination for both business and creativity."
About CMC
CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, we offer products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support early-stage construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission.
About Business Arts Council
Founded in 1988, Business Council for the Arts is a 501(c)(3) nonprofit organization dedicated to advancing business support for arts and culture. With a membership of 150 leading North Texas companies and organizations, BCA provides arts-based employee engagement programs such as Leadership Arts Institute, On My Own Time™ Art Competition, and ArtWorks to its member organizations. BCA's annual signature event, the Obelisk Awards, stands as the region's premier celebration of business-arts partnerships. This event draws a large audience of executives, entrepreneurs, and civic leaders each year to honor those whose investments of time, talent, and resources have transformed North Texas' cultural landscape.
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SOURCE Commercial Metals Company