COMMERCIAL METALS Co (CMC) Form 10-K — Oct 16, 2026
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.
Key figures
- Eps
- 5.86
- Revenue
- 9393904000
- Net Income
- 655849000
- Revenue Yoy
- 20%
- Total Assets
- 10257897000
- Cash Position
- 775676000
- Shares Outstanding
- 109977893
- Goodwill
- 2138616000
- Basic eps
- 5.92
- Capex fy2026
- 579844000
- Sga expenses
- 881961000
- Buybacks fy2026
- 102811000
- Interest expense
- 143337000
- Revolver capacity
- $1.0 billion (increased from $600 million)
- Revolver maturity
- December 17, 2030
- Senior notes 2033
- $1.0 billion at 5.750% due November 2033
- Senior notes 2035
- $1.0 billion at 6.000% due December 2035
- Effective tax rate
- 7.8%
- Quarterly dividend
- $0.20 per share (raised from $0.18)
- Operating cash flow
- 1058963000
- Prior year net sales
- 7798480000
- Acquisitions net cash
- 2516424000
- Dividends paid fy2026
- 84249000
- Fy2027 capex guidance
- $400 million
- Quarterly repurchases
- 383333
- Prior year diluted eps
- 0.74
- Prior year net earnings
- 84662000
- Wv micro mill investment
- $550.0-$600.0 million
- Litigation expense fy2025
- 362272000
- Litigation expense fy2026
- 15356000
- Ira 48c tax credit estimate
- $145.4 million
- Wveda government assistance
- $70.0 million received to date
- Accrued litigation liability
- 377251000
- Remaining buyback authorization
- 702148000
AI analysis
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