Commercial Metals Company

CMC: 10-K · periodic report

CMC's fiscal 2026 revenue rose 20% to $9.39 billion and net earnings jumped 675% to $655.8 million ($5.86 diluted EPS vs. $0.74 a year ago), aided by steel metal margin expansion and the new precast platform. During the year CMC completed the Foley and CP&P acquisitions for a combined $2.52 billion net of cash, creating its Construction Solutions Group precast platform, and funded the deals partly with $2.0 billion of new senior notes at 5.750% and 6.000%. The company raised its quarterly dividend to $0.20 per share, declared its 248th consecutive dividend, and expanded its buyback authorization by $600 million to $702.1 million remaining. A key risk remains the PSG antitrust litigation: a $110 million trebled verdict with roughly $377.3 million accrued, pending appeal to the Ninth Circuit, with cash payments that could significantly impact liquidity if not overturned.

SEC 10-K•9d ago

CMC Reports Fourth Quarter and Full Year Fiscal 2026 Results

CMC reported Q4 fiscal 2026 net sales of $2.66 billion, up 25.7% year-over-year, with net earnings of $212.5 million ($1.91 diluted EPS) and adjusted EPS of $2.09, up 52.6% YoY. Q4 core EBITDA rose 35.1% YoY to $393.7 million with margin expanding 100bps to 14.8%, driven by North America Steel Group strength, metal margin expansion to $652/ton, and the precast acquisitions; full-year core EBITDA reached $1.4 billion. Balance sheet strength improved with net leverage (adjusted for acquisitions) at 1.9x, below the 2x target, and over $2.0 billion of liquidity; the company repurchased $26.7 million of stock and declared its 248th consecutive quarterly dividend of $0.20/share. Guidance calls for Q1 FY27 North America Steel adjusted EBITDA nearly flat sequentially, seasonal declines in Construction Solutions (where precast missed expectations on residential softness), and meaningful sequential growth in Europe.

•10d ago

CMC Named to Newsweek's America's Greatest Companies 2026 List

CMC has been named to Newsweek's America's Greatest Companies 2026 list, which recognizes 650 U.S. companies for financial leadership and innovation. CEO Peter Matt stated the recognition reflects the strength of the company's culture and its commitment to continuous improvement and operational excellence. CMC provides early-stage construction solutions including steel rebar and concrete products for infrastructure and building markets.

•1mo ago

CMC Highlights Position as a Leading, Early-Stage Construction Solutions Provider and Unveils Long-Term Financial Targets at 2026 Investor Day

CMC hosted its 2026 Investor Day, outlining a strategic transformation into a provider of early-stage construction solutions with a focus on higher margins and enhanced free cash flow. The company unveiled long-term FY29 financial targets, projecting Core EBITDA of $1.65 billion to $1.80 billion and free cash flow of $1.375 billion to $1.525 billion. Additionally, the Board authorized an incremental $600 million share repurchase program, bringing the total available repurchase authorization to approximately $717 million.

•2mo ago

CMC Announces $600 Million Increase in Share Repurchase Program Authorization

CMC's Board of Directors authorized a $600 million increase to its share repurchase program, raising the total remaining capacity to approximately $717 million. The company has repurchased roughly $733 million of common stock since the program's inception in October 2021. CEO Peter R. Matt stated the increase reflects confidence in the business's strength, long-term growth strategy, and ability to generate strong cash flow.

•2mo ago

CMC: 10-Q · periodic report

Commercial Metals Company reported strong fiscal third-quarter results with net sales rising 23% year-over-year to $2.48 billion. The company posted net earnings of $173 million, or $1.55 per share, a significant increase from the prior year's $83 million, driven by metal margin expansion and the contribution from recently acquired businesses. Financial performance for the nine-month period was similarly robust, with net earnings of $443.3 million compared to a net loss of $67.1 million in the prior year. This turnaround was supported by the integration of the Foley and CP&P acquisitions and a federal investment tax credit related to the West Virginia micro mill. Liquidity remains solid with $559.8 million in cash and cash equivalents, despite heavy capital spending and debt issuance related to acquisitions. The company continues to return capital to shareholders, repurchasing $76.1 million in shares and paying $62.1 million in dividends during the nine-month period.

SEC 10-Q•3mo ago

CMC Reports Third Quarter of Fiscal 2026 Results

CMC delivered a strong fiscal Q3 with net sales rising 22.9% year-over-year to $2.48 billion and adjusted earnings jumping 147% to $1.73 per share. Core EBITDA surged 78.6% to $353.6 million, driven by metal margin expansion and contributions from the recently acquired precast businesses, with leverage improving to 2.1x. The company declared a $0.20 per share dividend and repurchased $18.9 million of stock, while guiding for sequential core EBITDA growth in the fourth quarter.

•4mo ago