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State of Alaska Department of Revenue grew its position in Commercial Metals Company (NYSE:CMC – Free Report) by 78.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,095 shares of the basic materials company’s stock after buying an additional 12,368 shares during the quarter. State of Alaska Department of Revenue’s holdings in Commercial Metals were worth $1,743,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. USA Financial Formulas lifted its position in shares of Commercial Metals by 67.6% in the 1st quarter. USA Financial Formulas now owns 496 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Commercial Metals in the 2nd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd boosted its stake in Commercial Metals by 617.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 716 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Commercial Metals in the 2nd quarter worth approximately $63,000. Finally, EverSource Wealth Advisors LLC grew its position in Commercial Metals by 105.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,222 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 626 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several analysts have issued reports on the stock. Citigroup cut their target price on shares of Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Morgan Stanley reduced their target price on Commercial Metals from $88.00 to $84.00 and set an “overweight” rating for the company in a report on Monday. Barclays raised their target price on Commercial Metals from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Wall Street Zen cut Commercial Metals from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $85.00 price target on shares of Commercial Metals in a report on Thursday, August 6th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.45.

Read Our Latest Stock Report on Commercial Metals Commercial Metals Price Performance CMC opened at $64.59 on Tuesday. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.25 and a beta of 1.53. Commercial Metals Company has a 1 year low of $55.97 and a 1 year high of $84.87. The company has a current ratio of 2.34, a quick ratio of 1.66 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average price of $66.63 and a 200 day moving average price of $68.37.

Commercial Metals (NYSE:CMC – Get Free Report) last issued its earnings results on Thursday, October 15th. The basic materials company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Commercial Metals had a return on equity of 17.00% and a net margin of 6.98%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s quarterly revenue was up 25.7% compared to the same quarter last year. Analysts forecast that Commercial Metals Company will post 7.67 EPS for the current fiscal year.

Commercial Metals Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 11th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, October 28th. Commercial Metals’s payout ratio is currently 13.63%.

Commercial Metals declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 5th that allows the company to buy back $600.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 7.5% of its shares through open market purchases. Share buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity In other news, Director John McPherson purchased 1,390 shares of Commercial Metals stock in a transaction dated Thursday, August 13th. The stock was acquired at an average cost of $71.92 per share, for a total transaction of $99,968.80. Following the acquisition, the director directly owned 21,927 shares in the company, valued at $1,576,989.84. This represents a 6.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

(Free Report)

Commercial Metals Company (NYSE:CMC) is a steel and metals manufacturer, recycler and fabricator headquartered in Irving, Texas. The company produces and sells steel products used in construction, infrastructure and industrial applications, including reinforcing bar, wire rod, merchant bar, structural steel and related products.

CMC operates an integrated recycling and manufacturing model. Its recycling facilities collect and process ferrous and nonferrous scrap metal, which is used as raw material in the company’s electric-arc-furnace steel mills.

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Fiscal 2026 net earnings of $655.8 million. Consolidated core EBITDA increased to $1.4 billion, from $837.3 million in fiscal 2025. Core EBITDA margin increased by 380 basis points to 14.5%. Fourth quarter net earnings of $212.5 million, or $1.91 per diluted share, and adjusted earnings of $233.6 million, or $2.09 per diluted share Fourth quarter consolidated core EBITDA increased 35.1% year-over-year to $393.7 million and core EBITDA margin increased by 100 basis points to 14.8%   Improved results were driven by strong growth in the North America Steel Group, the inclusion of the acquired precast operations, and benefits from Transform, Advance, Grow ("TAG") initiatives Precast integration on track Reduced net leverage adjusted for acquisitions1 to below 2x target , /PRNewswire/ -- CMC (NYSE: CMC) (the "Company") today announced financial results for its fiscal fourth quarter and fiscal year ended August 31, 2026.

CEO Commentary
"Fiscal 2026 marked a transformational step forward for CMC. We continued to build organizational strength and enhance margin durability in our early-stage construction portfolio through our precast acquisitions, our successful TAG program, and our key growth investments, including our West Virginia micro mill. We also established a clear roadmap to fiscal 2029, setting ambitious and achievable targets with a focus on delivering long-term shareholder value," said Peter Matt, President and Chief Executive Officer. "Our fourth quarter core EBITDA performance delivered solid year-over-year growth, driven by strong execution of our North American steel franchise and continued momentum of enterprise-wide TAG benefits. While broader demand conditions remain supportive, residential softness weighed on precast results in the period. With backlogs near record levels, a differentiated portfolio of solutions, and multiple value creation levers, we are well-positioned to deliver strong financial results and achieve our strategic goals in fiscal 2027."

Fourth Quarter Operational and Financial Highlights

Three Months Ended

(in thousands, except per share data)

8/31/2026

5/31/2026

8/31/2025

QoQ Change

YoY Change

Net sales

$   2,658,334

$   2,483,245

$   2,114,518

7.1 %

25.7 %

Net earnings

$      212,520

$      173,015

$      151,781

22.8 %

40.0 %

Core EBITDA

$      393,658

$      353,596

$      291,441

11.3 %

35.1 %

Core EBITDA margin

14.8 %

14.2 %

13.8 %

60bps

100bps

Net earnings per diluted share

$            1.91

$            1.55

$            1.35

23.2 %

41.5 %

Adjusted earnings

$      233,590

$      193,025

$      154,965

21.0 %

50.7 %

Adjusted earnings per diluted share

$            2.09

$            1.73

$            1.37

20.8 %

52.6 %

For the fourth quarter of fiscal 2026, the Company reported consolidated net earnings of $212.5 million or $1.91 per diluted share, up from $1.35 in the prior year period, due in part to a lower effective tax rate. Adjusted earnings were $233.6 million, or $2.09 per diluted share, an increase of 52.6% on a per-share basis versus the comparable prior year period.

Consolidated core EBITDA for the fiscal fourth quarter increased 35.1% year-over-year to $393.7 million, while core EBITDA margins expanded 100 basis points to 14.8%, driven by metal margin expansion and the inclusion of the higher-margin precast business. Relative to the fiscal third quarter, 11.3% core EBITDA growth was led by the North America Steel Group, where stronger margins and volume growth drove 60 basis points of core EBITDA margin expansion.

Business Segments - Fiscal Fourth Quarter 2026 Review

North America Steel Group
Fourth quarter North America Steel Group adjusted EBITDA increased 32.6% year-over-year to $317.5 million, while adjusted EBITDA margin increased to 16.4%, up from 14.8% in the prior year period. Segment performance reflects a combination of higher average selling price for steel products, merchant bar-led volume growth, and ongoing benefits from the Company's TAG program.

Compared with the prior year period, metal margins increased $84 per ton to $652. Sequentially, metal margins improved by $42 per ton, driven primarily by a $32 per ton increase in average selling price while scrap costs declined $10 per ton. Sequential pricing growth reflects a balanced supply-demand environment, continued momentum in rebar and MBQ pricing, and ongoing commercial discipline.

Finished goods shipment volumes for the North America Steel Group increased 5.3% versus the prior year period. Merchant bar shipment volumes surged 27.5% year-over-year, and 16.0% sequentially, driven by continued strength in industrial applications, including data center-related activity, as well as our expanded merchant bar production capabilities at the Arizona 2 micro mill. Taken together, rebar and downstream product shipment volumes were essentially flat year-over-year and up 4.4% sequentially, reflecting our commercial discipline as well as our differentiated capabilities that position us well to meet the complexity associated with large-scale megaproject demand.   

Market conditions remain solid, with demand strength across the energy build-out, semiconductor manufacturing, industrial manufacturing, and key public infrastructure markets. These conditions have contributed to a healthy and growing backlog, with downstream backlog volumes increasing 5.0% sequentially and 15.5% year-over-year. Similarly, backlog pricing continues to trend higher, reflecting disciplined execution, healthy demand, and our differentiated market position across core end markets.

Construction Solutions Group
Construction Solutions Group ("CSG") fourth quarter net sales increased 94.5% to $431.4 million and adjusted EBITDA of $101.7 million was up 100.9% year-over-year. Adjusted EBITDA margin of 23.6% was up 80 basis points relative to the prior year period. In the period, precast sales and adjusted EBITDA were $190.8 million and $57.0 million, respectively. Precast adjusted EBITDA fell below management's prior expectations, primarily due to regional residential softness, which reduced volumes and created regional margin mix headwinds. Precast shipments decreased year-over-year with weakness in the Southeast that more than offset strong shipment growth in the Mid-Atlantic. Underlying precast demand remains healthy, with strong momentum in non-residential and infrastructure end markets. In the fourth quarter, bookings were up year-over-year and up 12.6% sequentially. Backlog increased roughly 3% from the prior year and nearly 4% from the fiscal third quarter, and average selling price continued to move higher, reflecting solid market fundamentals. These indicators reinforce our confidence in the outlook for the precast business and its ability to deliver higher growth, greater earnings stability, and stronger returns for CMC in 2027.       

Tensar delivered results that were largely consistent with both the prior quarter and the year-ago period, capping off a strong fiscal 2026 in which profitability increased approximately 50%. Performance was driven by  favorable construction activity across several key end markets, including data centers, energy, and infrastructure. Construction Services and Impact Metals also delivered strong revenue and adjusted EBITDA growth year on year. Performance Reinforcing Steel's results were lower due to a significant unplanned outage at Galvabar that impacted shipments during the quarter. Encouragingly, bookings, backlogs and pricing trends for that business remain strong, and the operational flexibility coming from the second Galvabar line, which will be commissioned later in calendar 2026, will further enhance our ability to serve demand and support future growth.

Europe Steel Group
For the fourth quarter, Europe Steel Group generated adjusted EBITDA of $15.6 million, versus $39.1 million in the prior year period, with the year-over-year comparison impacted by a $30.7 million CO₂ credit recognized in the prior year, while no credit was recognized in the current period. Metal margin expanded by $32 per ton year-over-year as average selling price increased $44 per ton and outpaced scrap costs, which increased $12 per ton over the same period. Finished goods shipment volumes for the Europe Steel Group increased 0.8% as lower rebar volumes were more than offset by strong growth in merchant bar and wire rod.  Improved trade policies via the EU Carbon Border Adjustment Mechanism ("CBAM") as well as the tariff-rate quota ("TRQ") system implemented July 1, 2026 are supporting a more constructive operating environment. Combined with gradually improving end-market demand trends, these developments reinforce our confidence in a return to mid-cycle performance levels.

Balance Sheet & Capital Allocation
As of August 31, 2026, cash, cash equivalents and restricted cash totaled $778.9 million and available liquidity was over $2.0 billion. Net leverage adjusted for acquisitions ended the quarter at 1.9x reflecting strong cash generation and balance sheet discipline. 

During the quarter, CMC repurchased 383,333 shares of common stock valued at $26.7 million in the aggregate. As of August 31, 2026, $702.1 million remained available under the current share repurchase authorization.

On October 13, 2026, the board of directors declared a quarterly dividend of $0.20 per share of CMC common stock payable to stockholders of record on October 28, 2026. The dividend, to be paid on November 11, 2026, will mark the 248th consecutive quarterly payment by the Company.

Outlook 
Mr. Matt added, "We expect fiscal 2027 will be another strong year for CMC, supported by a healthy and balanced market backdrop and the growing contribution from our value creation levers, including TAG, our growth investments, and an evolving early-stage construction portfolio. Our focus remains on delivering profitable growth, improving free cash flow generation, enhancing shareholder returns, and, above all, continuing to advance our strategic agenda for a stronger CMC."

For the first quarter of fiscal 2027, we continue to expect healthy operating performance across the portfolio with normal seasonal factors and input cost dynamics to impact results sequentially:

For the North America Steel Group, improved pricing is expected to largely offset higher scrap costs, startup expenses, and a slight seasonal decline in shipments, resulting in adjusted EBITDA that is expected to be nearly flat in comparison to the fourth quarter.  Within the Construction Solutions Group, adjusted EBITDA is expected to be down sequentially reflecting typical seasonal trends impacting the end market activity of this segment. Meaningful sequential growth in adjusted EBITDA is anticipated for the Europe Steel Group with the first quarter benefiting from improving operating conditions and a CO2 credit.     Conference Call
CMC invites you to listen to a live broadcast of its fourth quarter fiscal 2026 conference call today, Thursday, October 15, 2026 at 11:00 a.m. ET. Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer, will host the call. The call is accessible via our website at www.cmc.com. In the event you are unable to listen to the live broadcast, the call will be archived and available for replay on our website on the next business day. Financial and statistical information presented in the broadcast are located on CMC's website under "Investors."

About CMC
CMC is a Fortune 500® company headquartered in Irving, Texas, and a leading provider of early-stage construction solutions that support the foundational phases of modern infrastructure and building projects. Founded in 1915, CMC has grown from a single-site recycling operation to one of the largest U.S. manufacturers of steel reinforcing bar ("rebar"), a leading producer of subgrade soil stabilization and foundation enhancement solutions and a major supplier of concrete pipe and precast products.

Through an extensive manufacturing network primarily located in the United States and Central Europe, with strategic operations in the United Kingdom, Europe and Asia, CMC serves infrastructure, non-residential, residential, industrial and energy markets. While often unseen, CMC's products are essential to highways, bridges, airports, commercial buildings and other critical structures that support everyday life.

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Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the federal securities laws with respect to the expected performance of our recently acquired precast platform, general economic conditions, key macro-economic drivers that impact our business, the effects of ongoing trade actions, the effects of continued pressure on the liquidity of our customers, potential synergies and growth provided by acquisitions and strategic investments, demand for our products, shipment volumes, metal margins, backlog volumes, the ability to operate our steel mills at full capacity, particularly during periods of domestic mill start-ups, the future availability and cost of supplies of raw materials and energy for our operations, growth rates in certain reportable segments, product margins within our Construction Solutions Group segment, share repurchases, legal proceedings, construction activity, international trade, the impact of geopolitical conditions, the effects of CBAM and other EU trade measures on European demand and pricing, capital expenditures, tax credits, the timing, amount and recurrence of CO2 or emissions-related credits, our liquidity and our ability to satisfy future liquidity requirements, our ability to achieve our stated deleveraging target within the anticipated timeframe, estimated contractual obligations, the expected capabilities and benefits of new facilities, the anticipated benefits and timeline for execution of our growth plan and initiatives, including our TAG operational and commercial excellence program, and our expectations or beliefs concerning future events. The statements in this release that are not historical statements are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "expects," "anticipates," "believes," "estimates," "intends," "may," "plans to," "ought," "could," "will," "should," "likely," "appears," "projects," "forecasts," "outlook" or other similar words or phrases, as well as by discussions of strategy, plans or intentions.

The Company's forward-looking statements are based on management's expectations and beliefs as of the date this news release. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the U.S. Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2025, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of additional steelmaking capacity expected to come online from a number of ongoing electric arc furnace projects in the U.S.; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; our ability to successfully execute our TAG operational and commercial excellence program and other transformation initiatives, including the realization of anticipated benefits within the expected timeframes; attention to environmental, social and governance ("ESG") matters, including any targets or other ESG, environmental justice or regulatory initiatives; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers' abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations;  availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots.

1 Net leverage adjusted for acquisitions is a non-GAAP financial measure and is defined as net debt divided by modified consolidated EBITDA, both of which are also non-GAAP financial measures. Net debt is calculated as total debt minus cash and cash equivalents. Modified consolidated EBITDA is calculated as adjusted EBITDA for the trailing 12-month period, adjusted to (a) eliminate the impact of approximately $15.4 million of interest expense related to the judgment in the Pacific Steel Group litigation, (b) eliminate actual results from the precast business since the respective acquisition dates and (c) include $212 million of annualized EBITDA contribution from the precast business. Reconciliations to the most directly comparable measures prepared and presented in accordance with GAAP can be found in the financial tables that follow.

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

FINANCIAL & OPERATING STATISTICS (UNAUDITED)

Three Months Ended

Year Ended

(in thousands, except per ton amounts)

8/31/2026

5/31/2026

2/28/2026

11/30/2025

8/31/2025

8/31/2026

8/31/2025

North America Steel Group

Net sales to external customers

$ 1,939,404

$ 1,789,381

$ 1,608,321

$ 1,661,058

$ 1,616,078

$            6,998,164

$            6,083,849

Adjusted EBITDA

317,473

253,487

269,674

293,906

239,416

1,134,540

742,485

Adjusted EBITDA margin

16.4 %

14.2 %

16.8 %

17.7 %

14.8 %

16.2 %

12.2 %

External tons shipped

Raw materials

460

482

358

384

374

1,684

1,410

Rebar

507

482

481

544

544

2,014

2,130

Merchant bar and other

311

268

235

251

244

1,065

992

Steel products

818

750

716

795

788

3,079

3,122

Downstream products

397

384

335

350

366

1,466

1,375

Average selling price per ton

Raw materials

$       981

$       873

$       985

$       900

$       881

$       935

$       876

Steel products

1,021

989

974

939

882

981

842

Downstream products

1,288

1,260

1,242

1,236

1,214

1,258

1,226

Cost of raw materials per ton

$       754

$       660

$       741

$       648

$       649

$       701

$       661

Cost of ferrous scrap utilized per ton

$       369

$       379

$       351

$       318

$       314

$       354

$       333

Steel products metal margin per ton

$       652

$       610

$       623

$       621

$       568

$       627

$       509

Construction Solutions Group

Net sales to external customers

$  431,375

$  394,574

$  314,425

$  198,277

$  221,753

$        1,338,651

$ 747,486

Adjusted EBITDA

101,725

97,411

53,420

39,581

50,630

292,137

137,721

Adjusted EBITDA margin

23.6 %

24.7 %

17.0 %

20.0 %

22.8 %

21.8 %

18.4 %

Europe Steel Group

Net sales to external customers

$  281,222

$  291,235

$  200,014

$  247,650

$  263,294

$            1,020,121

$  918,320

Adjusted EBITDA

15,586

34,665

(1,428)

10,929

39,098

59,752

69,282

Adjusted EBITDA margin

5.5 %

11.9 %

(0.7) %

4.4 %

14.8 %

5.9 %

7.5 %

External tons shipped

Rebar

106

136

69

119

117

430

412

Merchant bar and other

271

265

215

243

257

994

944

Steel products

377

401

284

362

374

1,424

1,356

Average selling price per ton

Steel products

$       712

$       697

$       672

$       651

$       668

$      684

$       647

Cost of ferrous scrap utilized per ton

$       363

$       367

$       356

$       345

$       351

$      359

$       357

Steel products metal margin per ton

$       349

$       330

$       316

$       306

$       317

$      325

$       290

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

BUSINESS SEGMENTS (UNAUDITED)

Three Months Ended

Year Ended

(in thousands)

8/31/2026

5/31/2026

2/28/2026

11/30/2025

8/31/2025

8/31/2026

8/31/2025

Net sales to external customers

North America Steel Group

$ 1,939,404

$ 1,789,381

$ 1,608,321

$ 1,661,058

$ 1,616,078

$ 6,998,164

$ 6,083,849

Construction Solutions Group

431,375

394,574

314,425

198,277

221,753

1,338,651

747,486

Europe Steel Group

281,222

291,235

200,014

247,650

263,294

1,020,121

918,320

Corporate and Other

6,333

8,055

9,258

13,322

13,393

36,968

48,825

Total net sales to external customers

$ 2,658,334

$ 2,483,245

$ 2,132,018

$ 2,120,307

$ 2,114,518

$ 9,393,904

$ 7,798,480

Adjusted EBITDA

North America Steel Group

$  317,473

$  253,487

$  269,674

$  293,906

$  239,416

$ 1,134,540

$  742,485

Construction Solutions Group

101,725

97,411

53,420

39,581

50,630

292,137

137,721

Europe Steel Group

15,586

34,665

(1,428)

10,929

39,098

59,752

69,282

Corporate and Other

(52,356)

(49,654)

(70,410)

(55,848)

(50,716)

(228,268)

(508,765)

Total adjusted EBITDA

$  382,428

$  335,909

$  251,256

$  288,568

$  278,428

$ 1,258,161

$  440,723

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED)

Three Months Ended August 31,

Year Ended August 31,

(in thousands, except share and per share data)

2026

2025

2026

2025

Net sales

$      2,658,334

$      2,114,518

$     9,393,904

$      7,798,480

Costs and operating expenses:

Cost of goods sold

2,156,827

1,721,710

7,642,218

6,578,324

Selling, general and administrative expenses

230,857

180,218

881,961

700,234

Interest expense

37,356

12,145

143,337

45,498

Litigation expense

3,776

3,776

15,356

362,272

Asset impairments

21

3,436

21

4,607

Net costs and operating expenses

2,428,837

1,921,285

8,682,893

7,690,935

Earnings before income taxes

229,497

193,233

711,011

107,545

Income tax expense

16,977

41,452

55,162

22,883

Net earnings

$        212,520

$        151,781

$       655,849

$          84,662

Earnings per share:

Basic

$              1.92

$              1.36

$             5.92

$              0.75

Diluted

1.91

1.35

5.86

0.74

Cash dividends per share

$              0.20

$              0.18

$             0.76

$              0.72

Average basic shares outstanding

110,570,463

111,677,574

110,857,469

112,994,381

Average diluted shares outstanding

111,542,800

112,705,122

111,864,867

114,086,750

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

 CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(in thousands, except share and per share data)

August 31, 2026

August 31, 2025

Assets

Current assets:

Cash and cash equivalents

$        775,676

$     1,043,252

Restricted cash

3,174

2,652

Accounts receivable (less allowance for doubtful accounts of $3,867 and $3,186)

1,440,260

1,200,881

Income tax receivable

131,557

799

Inventories

1,104,719

934,310

Prepaid and other current assets

352,441

312,924

Total current assets

3,807,827

3,494,818

Property, plant and equipment:

Land

246,300

170,823

Buildings and improvements

1,626,950

1,206,672

Equipment

4,172,111

3,477,813

Construction in process

188,637

449,616

6,233,998

5,304,924

Less accumulated depreciation and amortization

(2,780,284)

(2,562,151)

Property, plant and equipment, net

3,453,714

2,742,773

Intangible assets, net

431,681

210,815

Goodwill

2,138,616

386,846

Other noncurrent assets

426,059

336,582

Total assets

$    10,257,897

$     7,171,834

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$        540,901

$        358,373

Accrued contingent litigation-related loss

377,251

362,272

Other accrued expenses and payables

642,946

493,879

Current maturities of long-term debt

67,147

44,289

Total current liabilities

1,628,245

1,258,813

Deferred income taxes

354,298

184,645

Other noncurrent liabilities

264,420

225,044

Long-term debt

3,313,728

1,310,006

Total liabilities

5,560,691

2,978,508

Stockholders' equity:

Common stock, par value $0.01 per share; authorized 200,000,000 shares; issued 129,060,664 shares; outstanding 110,316,995 and 111,189,136 shares

1,290

1,290

Additional paid-in capital

423,334

406,916

Accumulated other comprehensive loss

(29,175)

(25,251)

Retained earnings

5,078,714

4,507,114

Less treasury stock, 18,743,669 and 17,871,528 shares at cost

(777,231)

(697,003)

Stockholders' equity

4,696,932

4,193,066

Stockholders' equity attributable to non-controlling interests

274

260

Total stockholders' equity

4,697,206

4,193,326

Total liabilities and stockholders' equity

$    10,257,897

$     7,171,834

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Year Ended August 31,

(in thousands)

2026

2025

Cash flows from (used by) operating activities:

Net earnings

$        655,849

$          84,662

Adjustments to reconcile net earnings to net cash flows from operating activities:

Depreciation and amortization

395,921

285,877

Stock-based compensation

43,932

37,053

Write-off of committed financing fees

11,563

—

Deferred income taxes and other long-term taxes

158,351

(98,304)

Write-down of inventory

333

2,473

Unrealized loss (gain) on undesignated commodity hedges

7,871

(2,804)

Unrealized loss (gain) on undesignated foreign exchange hedges

5,091

(5,453)

Amortization of debt issuance costs

4,812

1,529

Asset impairments

21

4,607

Net loss (gain) on sale of net assets

(741)

1,827

Litigation expense

15,356

362,272

Settlement of New Markets Tax Credit transaction

—

(2,786)

Other

2,110

5,568

Changes in operating assets and liabilities

(241,506)

38,549

Net cash flows from operating activities

1,058,963

715,070

Cash flows from (used by) investing activities:

Acquisitions, net of cash acquired

(2,516,424)

—

Capital expenditures

(579,844)

(402,821)

Proceeds from government assistance related to property, plant and equipment

15,000

50,000

Proceeds from the sale of property, plant and equipment

11,250

5,758

Proceeds from insurance

9,602

2,237

Other

(1,698)

(1,946)

Net cash flows used by investing activities

(3,062,114)

(346,772)

Cash flows from (used by) financing activities:

Proceeds from issuance of long-term debt, net

1,985,000

147,724

Repayments of long-term debt

(47,689)

(41,480)

Debt issuance costs

(8,489)

(622)

Committed financing fees

(11,563)

—

Proceeds from accounts receivable facilities

173,257

35,979

Repayments under accounts receivable facilities

(164,328)

(35,979)

Treasury stock acquired

(102,811)

(198,822)

Tax withholdings related to share settlements, net of purchase plans

(3,111)

(8,823)

Dividends

(84,249)

(81,433)

Contribution from non-controlling interest

14

12

Net cash flows from (used by) financing activities

1,736,031

(183,444)

Effect of exchange rate changes on cash

66

1,495

Increase (decrease) in cash and cash equivalents

(267,054)

186,349

Cash, restricted cash and cash equivalents at beginning of period

1,045,904

859,555

Cash, restricted cash and cash equivalents at end of period

$        778,850

$      1,045,904

COMMERCIAL METALS COMPANY
NON-GAAP FINANCIAL MEASURES (UNAUDITED)

This press release contains financial measures not derived in accordance with U.S. generally accepted accounting principles ("GAAP"). Reconciliations to the most comparable GAAP measure are provided below.

Adjusted EBITDA, core EBITDA, core EBITDA margin and adjusted earnings are non-GAAP financial measures. Adjusted earnings per diluted share is defined as adjusted earnings on a diluted per share basis. Core EBITDA margin is defined as core EBITDA divided by net sales. The adjustment "Settlement of New Markets Tax Credit transactions" represents the recognition of deferred revenue from 2016 and 2017 resulting from the Company's participation in the New Markets Tax Credit program provided for in the Community Renewal Tax Relief Act of 2000 during the development of a micro mill, spooler and T-post shop located in eligible zones as determined by the Internal Revenue Service. The adjustment "Litigation expense" represents a provision recorded in the three months ended November 30, 2024 related to the judgment in the Pacific Steel Group litigation and, with respect to subsequent periods, primarily represents interest expense on the judgment amount. The adjustments "Acquisition and integration related costs" and "Acquisition, integration and financing related costs" represent nonrecurring fees associated with the Foley Products Company, LLC ("Foley") and Concrete Pipe and Precast, LLC ("CP&P") acquisitions. The adjustment "Purchase accounting effect on inventory" represents a one time fair value adjustment on inventory associated with the Foley and CP&P acquisitions. The adjustment "Amortization of acquired contract backlog" represents the amortization of the contract backlog intangible asset from the Foley and CP&P acquisitions.

Net leverage adjusted for acquisitions is a non-GAAP financial measure and is defined as net debt divided by modified consolidated EBITDA, both of which are also non-GAAP financial measures. Net debt is calculated as total debt minus cash and cash equivalents. Modified consolidated EBITDA is calculated as adjusted EBITDA for the trailing 12-month period, adjusted to (a) eliminate the impact of approximately $15.4 million of interest expense related to the judgment in the Pacific Steel Group litigation, (b) eliminate actual results from the precast business since the respective acquisition dates and (c) include $212 million of annualized EBITDA contribution from the precast business. The estimated annualized EBITDA contribution from the precast business was derived by annualizing the precast business's actual results from the respective acquisition dates through August 31, 2026. The calculation also excludes the impact of the purchase accounting effect on inventory. The annualized figure assumes that the precast platform's results for the post-acquisition period are representative of a full fiscal year. The figure does not reflect actual results the precast platform generated or will generate in any 12-month period, and it was not prepared in accordance with Article 11 of Regulation S-X. Results for future periods may differ materially.

Non-GAAP financial measures should be viewed in addition to, and not as alternatives to, the most directly comparable measures derived in accordance with GAAP and may not be comparable to similar measures presented by other companies. However, we believe that the non-GAAP financial measures provide relevant and useful information to management, investors, analysts, creditors and other interested parties in our industry as they allow: (i) comparison of our earnings to those of our competitors; (ii) a supplemental measure of our underlying business operational performance; and (iii) the assessment of period-to-period performance trends. Furthermore, management believes net leverage adjusted for acquisitions provide useful information to investors, analysts, creditors and other interested parties about the Company's financial condition. Management uses non-GAAP financial measures to evaluate financial performance and, more specifically, uses net leverage adjusted for acquisitions to monitor the Company's balance sheet and make capital allocation decisions. We have not reconciled the forward-looking estimates of TAG-related EBITDA benefits to comparable GAAP measures because applicable information for future periods, on which these reconciliations would be based, is not readily available due to uncertainty regarding, and the potential variability of metal margins, U.S. trade policy, cost levels of key production inputs, construction activity and related product demand and other factors. Accordingly, reconciliations of the forward-looking estimates of TAG-related EBITDA benefits to net earnings are not available at this time without unreasonable effort.

A reconciliation of net earnings to adjusted EBITDA and core EBITDA is provided below:

Three Months Ended

Year Ended

(in thousands)

8/31/2026

5/31/2026

2/28/2026

11/30/2025

8/31/2025

8/31/2026

8/31/2025

Net earnings

$ 212,520

$ 173,015

$  93,032

$ 177,282

$ 151,781

$ 655,849

$  84,662

Interest expense

37,356

40,205

40,928

24,848

12,145

143,337

45,498

Income tax expense

16,977

15,824

16,708

5,653

41,452

55,162

22,883

Depreciation and amortization

113,210

107,422

102,567

72,722

72,480

395,921

285,877

Asset impairments

21

—

—

—

3,436

21

4,607

Unrealized (gain) loss on undesignated commodity hedges

2,344

(557)

(1,979)

8,063

(2,866)

7,871

(2,804)

Adjusted EBITDA

382,428

335,909

251,256

288,568

278,428

1,258,161

440,723

Non-cash equity compensation

6,506

11,384

14,806

11,236

9,237

43,932

37,053

Settlement of New Markets Tax Credit transactions

—

—

—

—

—

—

(2,786)

Litigation expense

3,776

3,778

4,067

3,735

3,776

15,356

362,272

Acquisition and integration related costs

948

2,525

20,605

13,379

—

37,457

—

Purchase accounting effect on inventory

—

—

6,739

—

—

6,739

—

Core EBITDA

$ 393,658

$ 353,596

$ 297,473

$ 316,918

$ 291,441

$            1,361,645

$ 837,262

Net sales

$            2,658,334

$            2,483,245

$            2,132,018

$            2,120,307

$            2,114,518

$            9,393,904

$            7,798,480

Core EBITDA margin

14.8 %

14.2 %

14.0 %

14.9 %

13.8 %

14.5 %

10.7 %

A reconciliation of net earnings to adjusted earnings is provided below:

Three Months Ended

Year Ended

(in thousands, except per share data)

8/31/2026

5/31/2026

2/28/2026

11/30/2025

8/31/2025

8/31/2026

8/31/2025

Net earnings

$ 212,520

$ 173,015

$  93,032

$ 177,282

$ 151,781

$ 655,849

$  84,662

Asset impairments

21

—

—

—

3,436

21

4,607

Settlement of New Markets Tax Credit transactions

—

—

—

—

—

—

(2,786)

Litigation expense

3,776

3,778

4,067

3,735

3,776

15,356

362,272

Unrealized (gain) loss on undesignated commodity hedges

2,344

(557)

(1,979)

8,063

(2,866)

7,871

(2,804)

Acquisition, integration and financing related costs

948

2,525

20,605

24,942

—

49,020

—

Amortization of acquired contract backlog

19,750

19,750

17,729

—

—

57,229

—

Purchase accounting effect on inventory

—

—

6,739

—

—

6,739

—

Total adjustments (pre-tax)

$   26,839

$   25,496

$   47,161

$   36,740

$    4,346

$ 136,236

$ 361,289

Related tax effects on adjustments

(5,769)

(5,486)

(10,046)

(7,846)

(1,162)

(29,147)

(88,668)

Adjusted earnings

$ 233,590

$ 193,025

$ 130,147

$ 206,176

$ 154,965

$ 762,938

$ 357,283

Net earnings per diluted share(1)

$       1.91

$       1.55

$       0.83

$       1.58

$       1.35

$       5.86

$       0.74

Adjusted earnings per diluted share

$       2.09

$       1.73

$       1.16

$       1.84

$       1.37

$       6.82

$       3.13

(1) Net earnings per diluted share is calculated independently for each three month period and may not sum to the year to date period due to rounding.

As described above, net leverage adjusted for acquisitions represents net debt divided by modified consolidated EBITDA. Reconciliations of (i) net earnings to modified consolidated EBITDA and (ii) long-term debt to net debt are provided below:

Modified Consolidated EBITDA (as used in the calculation of net leverage adjusted for acquisitions)

Year Ended

(in thousands)

8/31/2026

Net earnings

$                655,849

Interest expense

143,337

Income tax expense

55,162

Depreciation and amortization

395,921

Asset impairments

21

Unrealized loss on undesignated commodity hedges

7,871

Adjusted EBITDA

1,258,161

Plus: Litigation expense

15,356

Less: Precast EBITDA contribution (actual)

143,540

Plus: Annualized precast EBITDA contribution

212,159

Modified consolidated EBITDA

$              1,342,136

Net Debt (as used in the calculation of net leverage adjusted for acquisitions)

8/31/2026

Long-term debt

$              3,313,728

Plus: Current maturities of long-term debt

67,147

Less: Short-term borrowings

8,642

Total debt

3,372,233

Less: Cash and cash equivalents

775,676

Net debt

$              2,596,557

Net leverage adjusted for acquisitions

1.9

SOURCE CMC

Analysts on Wall Street project that Commercial Metals (CMC - Free Report) will announce quarterly earnings of $1.97 per share in its forthcoming report, representing an increase of 43.8% year over year. Revenues are projected to reach $2.44 billion, increasing 15.6% from the same quarter last year.

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

Given this perspective, it's time to examine the average forecasts of specific Commercial Metals metrics that are routinely monitored and predicted by Wall Street analysts.

The average prediction of analysts places 'Net sales to external customers- Construction Solutions Group' at $399.07 million. The estimate points to a change of +80% from the year-ago quarter.

The collective assessment of analysts points to an estimated 'Net sales from external customers- North America' of $1.75 billion. The estimate indicates a year-over-year change of +8.1%.

According to the collective judgment of analysts, 'Net sales from external customers- Europe' should come in at $290.98 million. The estimate suggests a change of +10.5% year over year.

Based on the collective assessment of analysts, 'Net sales from external customers- Corporate and Other' should arrive at $10.36 million. The estimate points to a change of -22.7% from the year-ago quarter.

Analysts expect 'North America - Average selling price (per ton) - Raw materials' to come in at $938.73 . Compared to the present estimate, the company reported $881.00 in the same quarter last year.

Analysts' assessment points toward 'Europe - Steel products metal margin per ton' reaching $340.83 . Compared to the current estimate, the company reported $317.00 in the same quarter of the previous year.

It is projected by analysts that the 'North America - Average selling price (per ton) - Downstream products' will reach $1267.40 . The estimate is in contrast to the year-ago figure of $1214.00 .

Analysts forecast 'North America - Average selling price (per ton) - Cost of raw materials per ton' to reach $709.81 . Compared to the current estimate, the company reported $649.00 in the same quarter of the previous year.

The consensus estimate for 'North America - Average selling price (per ton) - Cost of ferrous scrap utilized per ton' stands at $365.35 . Compared to the present estimate, the company reported $314.00 in the same quarter last year.

Analysts predict that the 'North America - Average selling price (per ton) - Steel products metal margin per ton' will reach $620.16 . The estimate is in contrast to the year-ago figure of $568.00 .

The consensus among analysts is that 'Europe - Steel products (External tons shipped)' will reach 398.42 thousand. Compared to the current estimate, the company reported 374.00 thousand in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Europe - Steel products - Rebar' will likely reach 125.58 thousand. The estimate is in contrast to the year-ago figure of 117.00 thousand.

View all Key Company Metrics for Commercial Metals here>>>

Commercial Metals shares have witnessed a change of -4.9% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), CMC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Commercial Metals Company (NYSE:CMC) will release its fourth-quarter earnings report before the opening bell on Thursday, Oct. 15.

Analysts expect the Irving, Texas-based company to report quarterly earnings of $1.98 per share, up from $1.37 per share in the year-ago period. The consensus estimate for CMC’s quarterly revenue is $2.56 billion. It reported $2.11 billion last year, according to Benzinga Pro.

On Aug. 5, CMC raised its share repurchase program by $600 million.

Commercial Metals shares rose 1% to close at $62.72 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Cantor Fitzgerald analyst Dave Rochester maintained the stock with a Neutral rating and raised the price target from $30 to $31 on Aug. 19, 2026. This analyst has an accuracy rate of 59%. Citigroup analyst Benjamin Gerlinger maintained the stock with a Neutral rating and increased the price target from $29 to $32 on July 21, 2026. This analyst has an accuracy rate of 51%. Piper Sandler analyst Stephen Scouten maintained the stock with an Overweight rating and increased the price target from $33 to $36 on July 17, 2026. This analyst has an accuracy rate of 74%. Stephens & Co. analyst Matt Olney maintained an Overweight rating and raised the price target from $32 to $35 on July 17, 2026. This analyst has an accuracy rate of 69%. Keefe, Bruyette & Woods analyst Christopher Mcgratty maintained the stock with a Market Perform rating and boosted the price target from $30 to $32 on July 17, 2026. This analyst has an accuracy rate of 65%. Considering buying CMC stock? Here’s what analysts think:

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California State Teachers Retirement System boosted its holdings in Commercial Metals Company (NYSE:CMC – Free Report) by 6,004.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,168,168 shares of the basic materials company’s stock after purchasing an additional 8,034,360 shares during the quarter. California State Teachers Retirement System owned approximately 7.38% of Commercial Metals worth $512,553,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas grew its position in shares of Commercial Metals by 67.6% during the first quarter. USA Financial Formulas now owns 496 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Commercial Metals during the second quarter valued at $34,000. Caitong International Asset Management Co. Ltd lifted its holdings in Commercial Metals by 617.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 716 shares during the period. EverSource Wealth Advisors LLC grew its position in Commercial Metals by 105.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,222 shares of the basic materials company’s stock valued at $75,000 after buying an additional 626 shares in the last quarter. Finally, Archer Investment Corp bought a new position in Commercial Metals in the 2nd quarter valued at about $90,000. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling In related news, CEO Peter Matt acquired 8,230 shares of the business’s stock in a transaction on Friday, July 10th. The stock was bought at an average cost of $61.30 per share, with a total value of $504,499.00. Following the completion of the acquisition, the chief executive officer owned 181,522 shares in the company, valued at $11,127,298.60. The trade was a 4.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John McPherson purchased 1,390 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $71.92 per share, with a total value of $99,968.80. Following the completion of the acquisition, the director directly owned 21,927 shares in the company, valued at approximately $1,576,989.84. This represents a 6.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes Several research analysts recently weighed in on the company. BMO Capital Markets raised their target price on Commercial Metals from $77.00 to $80.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Zacks Research upgraded shares of Commercial Metals from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. lowered their price objective on shares of Commercial Metals from $86.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. The Goldman Sachs Group reissued a “buy” rating and set a $85.00 target price on shares of Commercial Metals in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Commercial Metals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.64. Get Our Latest Research Report on CMC

Commercial Metals Stock Down 3.2% Commercial Metals stock opened at $64.99 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. Commercial Metals Company has a 1-year low of $53.08 and a 1-year high of $84.87. The firm’s fifty day simple moving average is $68.37 and its 200-day simple moving average is $68.49. The company has a market capitalization of $7.19 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.35 and a beta of 1.52.

Commercial Metals (NYSE:CMC – Get Free Report) last announced its earnings results on Thursday, June 25th. The basic materials company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.70 by $0.03. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm posted $0.74 EPS. The business’s quarterly revenue was up 22.9% on a year-over-year basis. Sell-side analysts forecast that Commercial Metals Company will post 6.62 earnings per share for the current fiscal year.

Commercial Metals announced that its board has approved a share repurchase plan on Wednesday, August 5th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the basic materials company to buy up to 7.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Commercial Metals Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Monday, July 6th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, July 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Commercial Metals’s dividend payout ratio (DPR) is currently 15.07%.

Commercial Metals Profile (Free Report)

Commercial Metals Company (NYSE: CMC) is a steel and metals manufacturing and recycling company headquartered in Irving, Texas. Founded in 1915, the company began as a scrap-metal business and has grown into an integrated producer, recycler and fabricator serving construction and industrial markets.

CMC manufactures and distributes a range of steel products, including reinforcing bar, merchant bar, wire rod, structural products, wire mesh and other products used in concrete construction and infrastructure projects.

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Posted by Defense World Staff on Aug 9th, 2026

Amundi lifted its holdings in Commercial Metals Company (NYSE:CMC – Free Report) by 118.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,443 shares of the basic materials company’s stock after purchasing an additional 11,065 shares during the quarter. Amundi’s holdings in Commercial Metals were worth $1,256,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Global Retirement Partners LLC grew its stake in shares of Commercial Metals by 110.7% in the 4th quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock worth $40,000 after buying an additional 301 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Commercial Metals during the 4th quarter valued at about $54,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Commercial Metals by 617.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 716 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Commercial Metals in the fourth quarter worth about $59,000. Finally, EverSource Wealth Advisors LLC grew its position in Commercial Metals by 105.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,222 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 626 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Activity In other news, CEO Peter R. Matt purchased 8,230 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average price of $61.30 per share, for a total transaction of $504,499.00. Following the completion of the acquisition, the chief executive officer owned 181,522 shares of the company’s stock, valued at approximately $11,127,298.60. This trade represents a 4.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.62% of the company’s stock.

Key Commercial Metals News Here are the key news stories impacting Commercial Metals this week:

Positive Sentiment: Share buyback supports the stock: Commercial Metals authorized a program to repurchase up to $600 million of its outstanding shares, representing as much as 7.5% of the company’s stock. The authorization signals management believes the shares are undervalued and could support earnings per share by reducing the share count. Commercial Metals to Repurchase $600 Million in Outstanding Shares Positive Sentiment: Zacks raises longer-term EPS estimates: Zacks Research increased its forecasts across several periods, including Q1 2027 EPS to $1.79 from $1.77, FY2027 EPS to $7.13 from $7.08, and FY2028 EPS to $7.32 from $7.27. Estimates for Q4 2027, Q1-Q3 2028 were also raised by $0.01 per share, suggesting slightly improved expectations for future profitability. Neutral Sentiment: Analyst target rises, but rating remains cautious: BMO Capital Markets lifted its price target for CMC from $77 to $80 while maintaining a “Market Perform” rating. The higher target offers moderate potential upside, but the unchanged rating indicates BMO does not expect substantial outperformance relative to the broader market. BMO Capital Markets Raises Commercial Metals Price Target Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $85.00 price objective on shares of Commercial Metals in a research report on Thursday. BNP Paribas Exane upgraded Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Wednesday, July 8th. Bank of America lowered their price target on Commercial Metals from $84.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. BMO Capital Markets lifted their price objective on shares of Commercial Metals from $77.00 to $80.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Morgan Stanley increased their target price on shares of Commercial Metals from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, June 22nd. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.18.

Read Our Latest Research Report on Commercial Metals

Commercial Metals Stock Performance CMC stock opened at $75.17 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $69.80 and its two-hundred day simple moving average is $70.32. Commercial Metals Company has a twelve month low of $52.74 and a twelve month high of $84.87. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.43 and a beta of 1.52.

Commercial Metals (NYSE:CMC – Get Free Report) last issued its earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.40 billion. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The business’s revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.74 earnings per share. Analysts predict that Commercial Metals Company will post 6.64 earnings per share for the current year.

Commercial Metals announced that its board has authorized a stock repurchase plan on Wednesday, August 5th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the basic materials company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Commercial Metals Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, July 6th. Commercial Metals’s payout ratio is currently 15.07%.

Commercial Metals Profile (Free Report)

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.

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, /PRNewswire/ -- CMC (NYSE: CMC) (the "Company" or "CMC") today announced that its Board of Directors has authorized a $600.0 million increase in the Company's existing common stock repurchase program, bringing the total current capacity of the program to approximately $717.0 million. Approximately $733.0 million of the Company's common stock has been repurchased under the existing program since its authorization in October 2021.

"This share repurchase authorization reflects our confidence in the strength of our business, our long-term growth strategy, and our ability to continue generating strong cash flow", said Peter R. Matt, President and Chief Executive Officer. "We remain committed to a disciplined capital allocation approach that balances investment in our business, returning capital to shareholders, and maintaining a strong balance sheet."

CMC intends to repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws, including Rule 10b5-1 programs. The timing and the amount of repurchases, if any, will be determined by the Company's management based on its evaluation of market conditions, capital allocation alternatives and other factors. The share repurchase program does not require the Company to acquire any dollar amount or number of shares of CMC common stock and may be modified, suspended, extended or terminated by the Company's Board of Directors at any time without prior notice.

About CMC

CMC is a Fortune 500 company headquartered in Irving, Texas, and a leading provider of early-stage construction solutions that support the foundational phases of modern infrastructure and building projects. Founded in 1915, CMC has grown from a single-site recycling operation to one of the largest U.S. manufacturers of steel reinforcing bar, a leading producer of subgrade soil stabilization and foundation enhancement solutions and a major supplier of concrete pipe and precast products.

Through an extensive manufacturing network primarily located in the United States and Central Europe, with strategic operations in the United Kingdom, Europe and Asia, CMC serves infrastructure, non-residential, residential, industrial and energy markets. While often unseen, CMC's products are essential to highways, bridges, airports, commercial buildings and other critical structures that support everyday life.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the federal securities laws with respect to the Company's capital allocation strategy and plans to repurchase shares of common stock under the authorized share repurchase program. The statements in this release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "expects," "anticipates," "believes," "estimates," "future," "intends," "may," "plans to," "ought," "could," "will," "should," "likely," "appears," "projects," "forecasts," "outlook" or other similar words or phrases, as well as by discussions of strategy, plans or intentions.

The Company's forward-looking statements are based on management's expectations and beliefs as of the time this news release was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the U.S. Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2025, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of additional steelmaking capacity expected to come online from a number of ongoing electric arc furnace projects in the U.S.; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance ("ESG") matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers' abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots.

SOURCE CMC

For the quarter ended May 2026, Commercial Metals (CMC - Free Report) reported revenue of $2.48 billion, up 22.9% over the same period last year. EPS came in at $1.73, compared to $0.74 in the year-ago quarter.

The reported revenue represents a surprise of +4.88% over the Zacks Consensus Estimate of $2.37 billion. With the consensus EPS estimate being $1.60, the EPS surprise was +8.13%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Commercial Metals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

North America - Average selling price (per ton) - Raw materials: $873.00 versus the three-analyst average estimate of $987.93.Europe - Steel products metal margin per ton: $330.00 compared to the $316.21 average estimate based on three analysts.North America - Average selling price (per ton) - Downstream products: $1,260.00 compared to the $1,242.79 average estimate based on three analysts.North America - Average selling price (per ton) - Cost of raw materials per ton: $660.00 versus the three-analyst average estimate of $742.74.North America - Average selling price (per ton) - Cost of ferrous scrap utilized per ton: $379.00 versus $353.51 estimated by three analysts on average.North America - Average selling price (per ton) - Steel products metal margin per ton: $610.00 compared to the $602.68 average estimate based on three analysts.Europe - Steel products (External tons shipped): 401 thousand compared to the 375.38 thousand average estimate based on three analysts.Europe - Steel products - Rebar: 136 thousand versus 94.05 thousand estimated by three analysts on average.Net sales from external customers- North America: $1.79 billion versus the three-analyst average estimate of $1.71 billion. The reported number represents a year-over-year change of +14.5%.Net sales from external customers- Corporate and Other: $8.06 million versus the three-analyst average estimate of $11.52 million. The reported number represents a year-over-year change of -36.3%.Net sales from external customers- Europe: $291.24 million versus the three-analyst average estimate of $267.64 million. The reported number represents a year-over-year change of +17.6%.Net Sales-- Construction Solutions Group- Net sales from external customers: $394.57 million versus the three-analyst average estimate of $378.29 million. The reported number represents a year-over-year change of +99.8%.View all Key Company Metrics for Commercial Metals here>>>

Shares of Commercial Metals have returned -6.9% over the past month versus the Zacks S&P 500 composite's -1.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.