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Posted by Defense World Staff on Jul 24th, 2026

California Public Employees Retirement System grew its stake in shares of Commercial Metals Company (NYSE:CMC – Free Report) by 11.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277,877 shares of the basic materials company’s stock after acquiring an additional 28,693 shares during the quarter. California Public Employees Retirement System owned about 0.25% of Commercial Metals worth $17,070,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CMC. Global Retirement Partners LLC grew its position in Commercial Metals by 110.7% during the 4th quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 301 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Commercial Metals during the 4th quarter valued at about $54,000. Caitong International Asset Management Co. Ltd raised 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 buying 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 raised its holdings in Commercial Metals by 84.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,550 shares of the basic materials company’s stock worth $76,000 after buying an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Commercial Metals Stock Down 0.2% Shares of CMC stock opened at $67.96 on Friday. Commercial Metals Company has a 12 month low of $49.66 and a 12 month high of $84.87. The stock has a market cap of $7.52 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.39 and a beta of 1.54. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $70.18 and a two-hundred day simple moving average of $70.51.

Commercial Metals (NYSE:CMC – Get Free Report) last released its quarterly earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.03. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.40 billion. Commercial Metals had a return on equity of 15.69% and a net margin of 6.72%.Commercial Metals’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, research analysts expect that Commercial Metals Company will post 6.63 earnings per share for the current year.

Commercial Metals Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, July 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, July 6th. Commercial Metals’s payout ratio is presently 15.07%.

Insider Activity at Commercial Metals In other Commercial Metals news, CEO Peter R. Matt acquired 8,230 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was purchased at an average price of $61.30 per share, with a total value of $504,499.00. Following the completion of the purchase, the chief executive officer directly owned 181,522 shares in the company, valued at approximately $11,127,298.60. The trade was a 4.75% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In CMC has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft raised Commercial Metals to a “buy” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. reduced their target price on Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Zacks Research upgraded Commercial Metals from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, BNP Paribas Exane upgraded Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 price target for the company in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Commercial Metals currently has a consensus rating of “Moderate Buy” and an average price target of $79.45.

Read Our Latest Research Report on Commercial Metals

Commercial Metals Company 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.

See Also Five stocks we like better than Commercial Metals Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding CMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commercial Metals Company (NYSE:CMC – Free Report).

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Peter R. Matt, President and CEO of Commercial Metals Company (CMC +1.77%), reported a direct purchase of 8,230 shares of common stock in a SEC Form 4 filing on July 13, 2026.

Today's Change

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1.77

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1.11

Current Price

$

63.75

Transaction summaryMetricValueTransaction value$504,499Shares purchased8,230Post-transaction shares (directly held)181,522Post-transaction value$11.37 millionTransaction value based on SEC Form 4 weighted average purchase price ($61.30); post-transaction value based on July 10, 2026 market close ($62.64).

Key questionsWhat is the significance of this purchase relative to the CEO's existing position?
This trade adds 8,230 shares to the CEO's direct holdings, resulting in a total position of ~182,000 shares with a market value of $11.37 million as of the July 10, 2026 market close.How does the acquisition price compare to recent market levels?
The purchase was executed at $61.30 per share, while the stock finished the July 10 trading session at $62.64.What is the company's financial profile at the time of this transaction?
Commercial Metals Company currently has a market capitalization of $6.9 billion, supported by trailing twelve-month revenue of $8.9 billion and net income of $595.1 million.Company OverviewMetricValueShare Price (as of market close 2026-07-10)$62.64Market Capitalization$6.9 billionRevenue (TTM)$8.9 billionNet Income (TTM)$595.1 millionCompany SnapshotCommercial Metals Company operates an integrated business model encompassing steel production, metal recycling, and fabrication services, generating revenue from the processing and marketing of ferrous and non-ferrous scrap metals, as well as finished steel products.The company generates profitability by acquiring and processing scrap metal feedstock, converting it into finished steel and metal products, and distributing these materials to industrial customers across multiple geographic markets.CMC serves a diverse customer base, including steel mills, foundries, and industrial manufacturers across the United States, Poland, China, and other international markets, with operations positioned to capture both domestic and global demand.Commercial Metals is a leading international steel and metal recycling enterprise with a market capitalization of $6.9 billion and TTM revenues of $8.9 billion, employing 13,178 personnel across its global operations. The company's competitive positioning is anchored in its vertically integrated business model, which combines scrap metal collection and processing with downstream steel fabrication and distribution capabilities. CMC's geographic diversification and focus on sustainable metal recycling provide strategic advantages in serving industrial customers while capitalizing on the global demand for recycled steel products.

What this transaction means for investorsThere are plenty of reasons an insider may sell stock that have little to do with their outlook for the share price. These can include having to pay a large personal expense or doing preplanned, reasonable portfolio diversification.

There is only one reason insiders buy stock: they think the price is going to go up.

By that rule of thumb, CEO Matt’s purchase of $500,000 worth of Commercial Metals shares is bullish.

There are other reasons to be bullish, too. The company is benefiting from a $150 million annual cost-saving program pioneered by Matt, as well as a strong U.S. steel market that allows incremental price hikes to be absorbed by the market. Help CMC, too, are trade policies that have curbed foreign dumping of subsidized metals into the marketplace.

In its first quarter of 2026, CMC grew earnings before interest, taxes, depreciation, and amortization — EBITDA, a measure of core profitability — nearly 79%, a sign of the strength of the business. That came even as CMC saw stronger-than-expected costs from scrap metals.

For the full year 2026, analysts expect CMC to post a 19% gain in sales to more than $9.2 billion with a huge jump in net income to $669 million from $85 million.

Clearly, there’s a good reason for the CEO to be adding shares.

Panmure Liberum has upgraded CMC Markets PLC (LSE:CMCX, FRA:T8Q) to 'buy' from 'hold', arguing that a jump in the trading group's guidance marks a structural shift in its earnings.

The broker nearly doubled its price target on the stock, raising it to 700p from 380p.

CMC Markets, the London-listed spread betting and online trading company, on Wednesday lifted its forecast for net operating income in the financial year to March 2027.

It now expects £550 million, well above prior guidance of £460 million to £480 million.

That new figure sits at least £70 million above the top end of the previous range.

Panmure Liberum said this was not a modest beat but a re-rating of the company's whole earnings trajectory.

The analyst pointed to a disclosed earnings figure of £250 million on a measure stripping out interest, tax and other charges, implying a margin of 45%.

Crucially, the broker noted that operating costs, excluding variable staff pay, remain pinned at £280 million.

That means almost all of the extra revenue is dropping straight through to profit rather than being eaten up by higher spending.

The broker attributed the improved outlook to a run of new product launches and faster growth in the company's business-to-business arm.

It also credited the operating leverage built into the model, whereby rising revenue is not matched by rising costs.

The scale of the upgrade underlines Panmure Liberum's conviction that CMC Markets has moved onto a materially higher earnings base.

The shares rose 8% to 701.2p.

Key Takeaways Commercial Metals posted Q3 adjusted EPS of $1.73, topping estimates and surging 147.1% y/y.CMC's core EBITDA rose 78.6% and margin expanded to 14.2% on higher metal margins and acquisitions.Commercial Metals expects sequential core EBITDA growth in Q4 on strong demand and backlogs. Commercial Metals Company (CMC - Free Report) reported adjusted earnings per share of $1.73 in third-quarter fiscal 2026 (ended May 31, 2026), beating the Zacks Consensus Estimate of $1.60 by 8.1%. The bottom line surged 147.1% from 70 cents in the year-ago quarter.

CMC’s Revenues & Margins Rise Y/Y in Q3Net revenues in the reported quarter were $2.48 billion compared with $2.02 billion in the year-ago quarter. The reported figure beat the Zacks Consensus Estimate of $2.37 billion.

The cost of goods sold in the quarter rose 17.9% year over year to $2.03 billion. Core EBITDA surged 78.6% year over year to $353.6 million during this period. The core EBITDA margin expanded 440 basis points year over year to 14.2%, aided by metal margin expansion, contributions from the recently acquired precast businesses and an improved Europe Steel Group performance.

Commercial Metals’ Q3 Segmental PerformanceThe North America Steel Group segment generated net revenues of $1.79 billion in the fiscal third quarter compared with $1.56 billion in the year-ago quarter. We expected net revenues of $1.67 billion in the quarter. The segment registered an adjusted EBITDA of around $253 million compared with $180 million in the year-ago quarter. Our model predicted an adjusted EBITDA of $262 million. 

The North America Steel Group segment benefited from higher margins over scrap costs and gains from the Transform, Advance, Grow program. However, finished steel products shipments declined 1.7% year over year due to planned downtime, heavy rainfall that curbed construction activity in select markets and greater focus on value over volume. 

The Europe Steel Group segment’s revenues were $291 million, up 17.6% from the year-ago quarter. Our model predicted net revenues of $280 million. The adjusted EBITDA was $34.7 million in the fiscal third quarter compared with $3.6 million in the year-ago quarter. We expected an adjusted EBITDA of $5 million for the quarter. The segment benefited from a $20.4-million CO2 credit and improved market conditions.

The Construction Solutions Group segment generated net revenues of around $395 million in the fiscal third quarter compared with $197 million in the year-ago quarter. Our model predicted net revenues of $335 million. The segment registered an adjusted EBITDA of $97 million compared with $41 million in the year-ago quarter. We expected an adjusted EBITDA of $92 million for the quarter.

The recently acquired precast businesses contributed $175.7 million to the Construction Solutions Group segment’s revenues and $52.9 million to adjusted EBITDA.

CMC's Cash Flow & Balance Sheet UpdatesAs of May 31, 2026, cash, cash equivalents and restricted cash totaled $0.56 billion compared with $1 billion at the end of fiscal 2025. The company’s long-term debt was $3.31 billion at the end of the fiscal third quarter. Cash generated from operating activities for the nine months ended May 31, 2026, was $603 million compared with $400 million in the year-ago period.

On June 24, the company declared a quarterly dividend of 20 cents per share. The dividend will be paid out on July 15 to shareholders of record as of July 6, 2026.

Commercial Metals’ Q4 OutlookFor the fourth quarter of fiscal 2026, CMC expects core EBITDA to increase sequentially. The outlook reflects healthy domestic demand, strong backlogs and ongoing benefits from strategic initiatives.

North America Steel Group’s adjusted EBITDA is expected to improve, helped by the absence of a $20-million fiscal third-quarter mill outage headwind, and the benefits of volume growth and margin expansion. Construction Solutions Group’s adjusted EBITDA is projected to grow in the mid-teens, while Europe Steel Group’s performance is expected to be modestly higher, excluding CO2 credits.

Commercial Metals Stock’s Price PerformanceThe company’s shares have gained 49.3% in the past year compared with the industry’s 74.8% surge.

Image Source: Zacks Investment Research

A Steel - Specialty Stock Awaiting ResultsArcelorMittal S.A. (MT - Free Report) is expected to release second-quarter 2026 results soon.

The Zacks Consensus Estimate for ArcelorMittal’s EPS is pegged at $1.25 for the fiscal second quarter, suggesting a dip from the $1.32 reported in the year-ago period. For total revenues, the Zacks Consensus Estimate is pinned at $16.94 billion, indicating a year-over-year increase of 6.3%.

CMC’s Zacks Rank & Stocks to ConsiderCommercial Metals currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks from the basic materials space are Albemarle Corporation (ALB - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) . ALB and ASM carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.   

Albemarle has an average trailing four-quarter earnings surprise of 74.5%. The Zacks Consensus Estimate for the company’s 2026 earnings is pegged at $12.45 per share, indicating year-over-year growth from a loss of 79 cents. ALB shares have skyrocketed 124% so far this year. 

Avino Silver has an average trailing four-quarter earnings surprise of 125%. The Zacks Consensus Estimate for Avino Silver’s 2026 earnings is pegged at 39 cents per share, indicating 34.5% year-over-year growth. Its shares have surged 62.7% in a year.

On June 25, 2026, Commercial Metals Co (CMC) shares rose 3.9% today, reaching a current price of $74.09. The stock has traded within a 52-week range of $48.14 t

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.

Third quarter net earnings of $173.0 million, or $1.55 per diluted share and adjusted earnings of $193.0 million, or $1.73 per diluted share Consolidated core EBITDA increased 78.6% year-over-year to $353.6 million due to strong market conditions, increasing benefits from Transform, Advance, Grow ("TAG") initiatives, and the contribution of the recently acquired precast businesses Consolidated core EBITDA margin of 14.2% increased by 440 basis points compared to the prior year period  Reduced net leverage; clear visibility to <2x well ahead of the stated goal of mid-2027  , /PRNewswire/ -- CMC (NYSE: CMC) (the "Company") today announced financial results for its fiscal third quarter ended May 31, 2026.

CEO Commentary
"During our fiscal third quarter, we continued to make great progress on our strategic agenda across a number of fronts," said Peter Matt, President and Chief Executive Officer. "We substantially grew Core EBITDA, and made meaningful progress deleveraging our balance sheet. Our early-stage construction portfolio is benefiting from solid demand, along with strong booking and backlogs at attractive prices. The commercial and operating rigor that define CMC, together with the growing benefits of our TAG program, position the Company to deliver strong results in the fourth quarter and beyond."

Third Quarter Operational and Financial Highlights

Three Months Ended

(in thousands, except per share data)

5/31/2026

2/28/2026

5/31/2025

QoQ Change

YoY Change

Net sales

$    2,483,245

$    2,132,018

$    2,019,984

16.5 %

22.9 %

Net earnings

$       173,015

$         93,032

$         83,126

86.0 %

108.1 %

Core EBITDA

$       353,596

$       297,473

$       198,025

18.9 %

78.6 %

Core EBITDA margin

14.2 %

14.0 %

9.8 %

20bps

440bps

Net earnings per diluted share

$             1.55

$             0.83

$             0.73

86.7 %

112.3 %

Adjusted earnings

$       193,025

$       130,147

$         79,618

48.3 %

142.4 %

Adjusted earnings per diluted share

$             1.73

$             1.16

$             0.70

49.1 %

147.1 %

For the third quarter of fiscal 2026, the Company reported consolidated net earnings of $173.0 million or $1.55 per diluted share, adjusted earnings were $193.0 million, or $1.73 per diluted share, an increase of 147.1% on a per-share basis versus the comparable prior year period. Consolidated core EBITDA for the fiscal third quarter increased 78.6% year-over-year to $353.6 million with all segments delivering significant adjusted EBITDA growth relative to the prior year period. Consolidated core EBITDA margins expanded to 14.2%, up 440 basis points year-over-year due to metal margin expansion, a $52.9 million contribution from the recent precast acquisitions, as well as improved Europe Steel Group performance.

Relative to the fiscal second quarter, significant improvement from the Construction Solutions Group ("CSG") and Europe Steel Group, more than offset headwinds in the North America Steel Group adjusted EBITDA.  Core EBITDA margins expanded 20 basis points sequentially.1

Business Segments - Fiscal Third Quarter 2026 Review

North America Steel Group
Third quarter North America Steel Group adjusted EBITDA was $253.5 million, an increase of 41% year-over-year driven by higher margins over scrap costs and benefits from CMC's TAG program. Metal margins increased $111 per ton, with average selling price for steel products increasing $130 per ton, while scrap costs were up only $19 per ton over the same timeframe. As a result, adjusted EBITDA margin was 14.2%, up from 11.5% in the prior year period. Finished goods shipment volumes for the North America Steel Group decreased 1.7% versus the prior year due to temporary inventory constraints related to the planned downtime, several lost shipping days due to heavy rainfall, which curtailed construction activity in certain markets, and increased commercial discipline in focusing on value over volume. Despite these headwinds in the third quarter, underlying demand remains solid. The project pipeline continues to grow, supported by public infrastructure spending, as well as mega-projects investments across data centers, semiconductors, and ongoing energy-related build outs, all of which are contributing to a healthy backlog. Downstream backlog volumes remained elevated above historical averages, with third quarter booking pricing increasing 15.5% versus the prior year period.  

On a sequential basis, segment profitability moderated due to a combination of three factors. First, planned maintenance outages across a number of mill operations increased costs and impacted shipments. Second, construction activity in key markets, including Texas was curtailed by heavy rainfall. Finally, the timing of price increases temporarily lagged fuel-driven scrap cost increases. These factors impacting third quarter results have proven temporary. Margins on steel products compressed by $13 per ton sequentially, as the average selling price increase for steel products of $15 per ton was more than offset by a $28 per ton increase in scrap costs over the same time period.      

Construction Solutions Group
CSG third quarter net sales doubled year-over-year to $394.6 million, while adjusted EBITDA of $97.4 million was up 138.1% year-over-year. Sales and adjusted EBITDA growth was fueled by the inclusion of CMC's precast acquisitions, which contributed $175.7 million to segment revenue and $52.9 million to segment adjusted EBITDA during the quarter, as well as a strong quarter for Tensar. Adjusted EBITDA margin of 24.7% was up 400 basis points relative to the prior year period.

Precast shipments experienced some weakness in select southeast markets in part driven by unfavorable weather conditions that led to delays. These conditions have started to normalize in the fiscal fourth quarter. Moreover, robust precast bidding activity, recent bookings, and strong backlogs supports solid performance in the fourth quarter. Tensar profitability accelerated year-over-year due to the strong demand environment and cost control actions. Performance for the other businesses within the CSG was stable relative to the year-ago period.

Europe Steel Group
For the third quarter, Europe Steel Group generated adjusted EBITDA of $34.7 million, up from $3.6 million in the prior-year period, benefiting from the receipt of a $20.4 million CO₂ credit and improved market conditions. Metal margin expanded by $37 per ton year-over-year as average selling price increased $34 per ton and scrap costs decreased by $3 per ton.  Adjusted EBITDA margin expanded to 11.9%, up from 1.5% in the year-ago period.

More constructive trade policy is beginning to support market conditions in Europe. As expected, the EU Carbon Border Adjustment Mechanism ("CBAM"), implemented earlier this year, has strengthened domestic demand, with third quarter total steel shipments increasing 41.2% sequentially. Looking ahead, the combination of CBAM and improved EU trade measures effective July 1, 2026 and increased infrastructure spending in key markets is expected to support an improved operating and margin environment for the Europe Steel Group.

Balance Sheet & Capital Allocation
As of May 31, 2026, cash, cash equivalents and restricted cash totaled $563.2 million and available liquidity was nearly $1.8 billion. Net leverage adjusted for acquisitions2 ended the quarter at 2.1x reflecting strong cash generation and balance sheet discipline. 

During the quarter, CMC repurchased 283,335 shares of common stock valued at $18.9 million in the aggregate. As of May 31, 2026, $128.9 million remained available under the current share repurchase authorization.

On June 24, 2026, the board of directors declared a quarterly dividend of $0.20 per share of CMC common stock payable to stockholders of record on July 6, 2026. The dividend, to be paid on July 15, 2026, will mark the 247th consecutive quarterly payment by the Company.

Outlook
Mr. Matt added, "Looking to the fourth quarter, supported by favorable market conditions, robust backlogs, and our strategic initiatives currently underway, we are well positioned to finish fiscal 2026 on very strong footing. We look forward to providing additional updates on our long-term strategy, operations, and financial performance at our upcoming Investor Day in August." 

For the fourth quarter of fiscal 2026, core EBITDA is expected to increase sequentially driven primarily by the following factors:

Healthy domestic demand conditions and strong backlogs Stronger North America Steel Group adjusted EBITDA, reflecting the absence of the $20 million third quarter mill outage headwind, along with a similarly sized benefit expected from the combination of volume growth and margin expansion  Mid-teens adjusted EBITDA growth in the Construction Solutions Group driven by the contribution from the precast acquisitions and underlying momentum in the rest of the business Modestly higher adjusted EBITDA performance in the Europe Steel Group, excluding impacts from CO₂ credits Investor Day
CMC previously announced it will host an Investor Day on August 5, 2026 to provide updates on its strategy, operations, and long-term growth outlook. The event will be webcast live via the Investor Relations section of CMC's website at www.cmc.com. Investors and other interested parties are invited to join the virtual event by registering in advance at the Investor Day section of ir.cmc.com. A replay of the webcast and accompanying materials will be available following the event.

Conference Call
CMC invites you to listen to a live broadcast of its third quarter fiscal 2026 conference call today, Thursday, June 25, 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.

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 CSG 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 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.

____________________

1 "Adjusted EBITDA," "core EBITDA," "core EBITDA margin," "adjusted earnings" and "adjusted earnings per diluted share" are non-GAAP financial measures. Details, including a reconciliation of each such non-GAAP financial measure to the most directly comparable measure prepared and presented in accordance with GAAP, can be found in the financial tables that follow.

2 Net leverage adjusted for acquisitions represents net debt divided by trailing 12-month adjusted EBITDA. whereby trailing 12-month adjusted EBITDA has been further adjusted to (a) eliminate actual results from the precast business since the respective acquisition dates and instead include $245 million of expected annualized EBITDA contribution from the precast business, based on the midpoint of expectations and (b) eliminate the impact of approximately $36.5 million of acquisition and integration related costs. Net debt is a non-GAAP measure and is calculated as total debt minus cash, cash equivalents and restricted cash. A reconciliation to the most directly comparable measure 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

Nine Months Ended

(in thousands, except per ton amounts)

5/31/2026

2/28/2026

11/30/2025

8/31/2025

5/31/2025

5/31/2026

5/31/2025

North America Steel Group

Net sales to external customers

$ 1,789,381

$ 1,608,321

$ 1,661,058

$ 1,616,078

$ 1,562,286

$            5,058,760

$            4,467,771

Adjusted EBITDA

253,487

269,674

293,906

239,416

179,936

817,067

503,069

Adjusted EBITDA margin

14.2 %

16.8 %

17.7 %

14.8 %

11.5 %

16.2 %

11.3 %

External tons shipped

Raw materials

482

358

384

374

385

1,224

1,036

Rebar

482

481

544

544

534

1,507

1,586

Merchant bar and other

268

235

251

244

264

754

748

Steel products

750

716

795

788

798

2,261

2,334

Downstream products

384

335

350

366

355

1,069

1,009

Average selling price per ton

Raw materials

$       873

$       985

$       900

$       881

$       809

$       919

$       875

Steel products

989

974

939

882

859

968

829

Downstream products

1,260

1,242

1,236

1,214

1,212

1,247

1,231

Cost of raw materials per ton

$       660

$       741

$       648

$       649

$       617

$       683

$       665

Cost of ferrous scrap utilized per ton

$       379

$       351

$       318

$       314

$       360

$       349

$       340

Steel products metal margin per ton

$       610

$       623

$       621

$       568

$       499

$       619

$       489

Construction Solutions Group

Net sales to external customers

$  394,574

$  314,425

$  198,277

$  221,753

$  197,454

$ 907,276

$ 525,733

Adjusted EBITDA

97,411

53,420

39,581

50,630

40,912

190,412

87,091

Adjusted EBITDA margin

24.7 %

17.0 %

20.0 %

22.8 %

20.7 %

21.0 %

16.6 %

Europe Steel Group

Net sales to external customers

$  291,235

$  200,014

$  247,650

$  263,294

$  247,590

$  738,899

$  655,026

Adjusted EBITDA

34,665

(1,428)

10,929

39,098

3,593

44,166

30,184

Adjusted EBITDA margin

11.9 %

(0.7) %

4.4 %

14.8 %

1.5 %

6.0 %

4.6 %

External tons shipped

Rebar

136

69

119

117

88

324

295

Merchant bar and other

265

215

243

257

271

723

687

Steel products

401

284

362

374

359

1,047

982

Average selling price per ton

Steel products

$       697

$       672

$       651

$       668

$       663

$      674

$       639

Cost of ferrous scrap utilized per ton

$       367

$       356

$       345

$       351

$       370

$      357

$       360

Steel products metal margin per ton

$       330

$       316

$       306

$       317

$       293

$      317

$       279

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

BUSINESS SEGMENTS (UNAUDITED)

Three Months Ended

Nine Months Ended

(in thousands)

5/31/2026

2/28/2026

11/30/2025

8/31/2025

5/31/2025

5/31/2026

5/31/2025

Net sales to external customers

North America Steel Group

$ 1,789,381

$ 1,608,321

$ 1,661,058

$ 1,616,078

$ 1,562,286

$ 5,058,760

$ 4,467,771

Construction Solutions Group

394,574

314,425

198,277

221,753

197,454

907,276

525,733

Europe Steel Group

291,235

200,014

247,650

263,294

247,590

738,899

655,026

Corporate and Other

8,055

9,258

13,322

13,393

12,654

30,635

35,432

Total net sales to external customers

$ 2,483,245

$ 2,132,018

$ 2,120,307

$ 2,114,518

$ 2,019,984

$ 6,735,570

$ 5,683,962

Adjusted EBITDA

North America Steel Group

$  253,487

$  269,674

$  293,906

$  239,416

$  179,936

$  817,067

$  503,069

Construction Solutions Group

97,411

53,420

39,581

50,630

40,912

190,412

87,091

Europe Steel Group

34,665

(1,428)

10,929

39,098

3,593

44,166

30,184

Corporate and Other

(49,654)

(70,410)

(55,848)

(50,716)

(36,952)

(175,912)

(458,049)

Total adjusted EBITDA

$  335,909

$  251,256

$  288,568

$  278,428

$  187,489

$  875,733

$  162,295

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (UNAUDITED)

Three Months Ended May 31,

Nine Months Ended May 31,

(in thousands, except share and per share data)

2026

2025

2026

2025

Net sales

$      2,483,245

$      2,019,984

$     6,735,570

$      5,683,962

Costs and operating expenses:

Cost of goods sold

2,028,109

1,720,063

5,485,391

4,856,614

Selling, general and administrative expenses

222,314

175,769

651,104

521,187

Interest expense

40,205

10,864

105,981

33,353

Litigation expense

3,778

3,776

11,580

358,496

Net costs and operating expenses

2,294,406

1,910,472

6,254,056

5,769,650

Earnings (loss) before income taxes

188,839

109,512

481,514

(85,688)

Income tax expense (benefit)

15,824

26,386

38,185

(18,569)

Net earnings (loss)

$        173,015

$         83,126

$       443,329

$        (67,119)

Earnings (loss) per share:

Basic

$            1.56

$            0.74

$           4.00

$           (0.59)

Diluted

1.55

0.73

3.96

(0.59)

Cash dividends per share

$            0.20

$            0.18

$           0.56

$            0.54

Average basic shares outstanding

110,845,841

112,700,136

110,955,940

113,437,950

Average diluted shares outstanding

111,714,880

113,559,456

111,979,490

113,437,950

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

 CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(in thousands, except share and per share data)

May 31, 2026

August 31, 2025

Assets

Current assets:

Cash and cash equivalents

$        559,759

$     1,043,252

Restricted cash

3,458

2,652

Accounts receivable (less allowance for doubtful accounts of $4,422 and $3,186)

1,391,195

1,201,680

Inventories, net

1,172,564

934,310

Prepaid and other current assets

334,739

312,924

Total current assets

3,461,715

3,494,818

Property, plant and equipment, net

3,330,149

2,742,773

Intangible assets, net

463,872

210,815

Goodwill

2,136,509

386,846

Other noncurrent assets

404,110

336,582

Total assets

$     9,796,355

$     7,171,834

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$        458,482

$        358,373

Accrued contingent litigation-related loss

373,476

362,272

Other accrued expenses and payables

567,654

493,879

Current maturities of long-term debt

88,792

44,289

Total current liabilities

1,488,404

1,258,813

Deferred income taxes

190,672

184,645

Other noncurrent liabilities

273,445

225,044

Long-term debt

3,311,693

1,310,006

Total liabilities

5,264,214

2,978,508

Stockholders' equity:

Common stock, par value $0.01 per share; authorized 200,000,000 shares; issued
129,060,664 shares; outstanding 110,695,456 and 111,189,136 shares

1,290

1,290

Additional paid-in capital

415,814

406,916

Accumulated other comprehensive loss

(23,164)

(25,251)

Retained earnings

4,888,315

4,507,114

Less treasury stock, 18,365,208 and 17,871,528 shares at cost

(750,388)

(697,003)

Stockholders' equity

4,531,867

4,193,066

Stockholders' equity attributable to non-controlling interests

274

260

Total stockholders' equity

4,532,141

4,193,326

Total liabilities and stockholders' equity

$     9,796,355

$     7,171,834

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

Nine Months Ended May 31,

(in thousands)

2026

2025

Cash flows from (used by) operating activities:

Net earnings (loss)

$        443,329

$        (67,119)

Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:

Depreciation and amortization

282,711

213,397

Write-off of committed financing fees

11,563

—

Stock-based compensation

37,426

27,816

Write-down of inventory

417

20,665

Unrealized loss on undesignated commodity hedges

5,527

62

Unrealized loss (gain) on undesignated foreign exchange hedges

3,763

(1,558)

Amortization of debt issuance costs

3,431

850

Deferred income taxes and other long-term taxes

(616)

(94,217)

Litigation expense

11,580

358,496

Settlement of New Markets Tax Credit transaction

—

(2,786)

Other

(1,010)

3,705

Changes in operating assets and liabilities

(195,098)

(59,446)

Net cash flows from operating activities

603,023

399,865

Cash flows from (used by) investing activities:

Acquisitions, net of cash acquired

(2,516,122)

—

Capital expenditures

(404,273)

(293,904)

Proceeds from government assistance related to property, plant and equipment

—

25,000

Proceeds from the sale of property, plant and equipment

5,045

5,439

Proceeds from insurance

9,602

2,237

Other

(1,328)

(1,393)

Net cash flows used by investing activities

(2,907,076)

(262,621)

Cash flows from (used by) financing activities:

Proceeds from issuance of long-term debt

1,985,000

147,724

Repayments of long-term debt

(34,211)

(30,403)

Debt issuance costs

(8,489)

(606)

Committed financing fees

(11,563)

—

Proceeds from accounts receivable facilities

109,013

29,758

Repayments under accounts receivable facilities

(76,465)

(29,758)

Treasury stock acquired

(76,106)

(148,854)

Tax withholdings related to share settlements, net of purchase plans

(4,333)

(9,551)

Dividends

(62,128)

(61,300)

Contribution from non-controlling interest

14

12

Net cash flows from (used by) financing activities

1,820,732

(102,978)

Effect of exchange rate changes on cash

634

1,307

Increase (decrease) in cash and cash equivalents

(482,687)

35,573

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

$        563,217

$        895,128

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 intangible contract backlog from the Foley and CP&P acquisitions.

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. Management uses non-GAAP financial measures to evaluate financial performance.  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, etc. 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 (loss) to adjusted EBITDA and core EBITDA is provided below:

Three Months Ended

Nine Months Ended

(in thousands)

5/31/2026

2/28/2026

11/30/2025

8/31/2025

5/31/2025

5/31/2026

5/31/2025

Net earnings (loss)

$ 173,015

$  93,032

$ 177,282

$ 151,781

$  83,126

$ 443,329

$ (67,119)

Interest expense

40,205

40,928

24,848

12,145

10,864

105,981

33,353

Income tax expense (benefit)

15,824

16,708

5,653

41,452

26,386

38,185

(18,569)

Depreciation and amortization

107,422

102,567

72,722

72,480

72,376

282,711

213,397

Asset impairments

—

—

—

3,436

785

—

1,171

Unrealized (gain) loss on
undesignated commodity hedges

(557)

(1,979)

8,063

(2,866)

(6,048)

5,527

62

Adjusted EBITDA

335,909

251,256

288,568

278,428

187,489

875,733

162,295

Non-cash equity compensation

11,384

14,806

11,236

9,237

9,546

37,426

27,816

Settlement of New Markets Tax
Credit transactions

—

—

—

—

(2,786)

—

(2,786)

Litigation expense

3,778

4,067

3,735

3,776

3,776

11,580

358,496

Acquisition and integration
related costs

2,525

20,605

13,379

—

—

36,509

—

Purchase accounting effect on
inventory

—

6,739

—

—

—

6,739

—

Core EBITDA

$ 353,596

$ 297,473

$ 316,918

$ 291,441

$ 198,025

$ 967,987

$ 545,821

Net sales

$            2,483,245

$            2,132,018

$            2,120,307

$            2,114,518

$            2,019,984

$            6,735,570

$            5,683,962

Core EBITDA margin

14.2 %

14.0 %

14.9 %

13.8 %

9.8 %

14.4 %

9.6 %

A reconciliation of net earnings (loss) to adjusted earnings is provided below:

Three Months Ended

Nine Months Ended

(in thousands, except per share data)

5/31/2026

2/28/2026

11/30/2025

8/31/2025

5/31/2025

5/31/2026

5/31/2025

Net earnings (loss)

$ 173,015

$  93,032

$ 177,282

$ 151,781

$  83,126

$ 443,329

$ (67,119)

Asset impairments

—

—

—

3,436

785

—

1,171

Settlement of New Markets Tax Credit transactions

—

—

—

—

(2,786)

—

(2,786)

Litigation expense

3,778

4,067

3,735

3,776

3,776

11,580

358,496

Unrealized (gain) loss on undesignated commodity hedges

(557)

(1,979)

8,063

(2,866)

(6,048)

5,527

62

Acquisition, integration and financing related costs

2,525

20,605

24,942

—

—

48,072

—

Amortization of acquired contract backlog

19,750

17,729

—

—

—

37,479

—

Purchase accounting effect on inventory

—

6,739

—

—

—

6,739

—

Total adjustments (pre-tax)

$  25,496

$  47,161

$  36,740

$   4,346

$  (4,273)

$ 109,397

$ 356,943

Related tax effects on adjustments

(5,486)

(10,046)

(7,846)

(1,162)

765

(23,378)

(87,506)

Adjusted earnings

$ 193,025

$ 130,147

$ 206,176

$ 154,965

$  79,618

$ 529,348

$ 202,318

Net earnings (loss) per diluted share

$     1.55

$     0.83

$     1.58

$     1.35

$     0.73

$     3.96

$   (0.59)

Adjusted earnings per diluted share

$     1.73

$     1.16

$     1.84

$     1.37

$     0.70

$     4.73

$     1.78

SOURCE CMC

, /PRNewswire/ -- Today, June 24, 2026, the board of directors of CMC (NYSE: CMC) declared a regular quarterly cash dividend of $0.20 per share of CMC common stock. CMC's 247th consecutive quarterly dividend will be paid on July 15, 2026, to stockholders of record as of the close of business on July 6, 2026. 

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.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the federal securities laws with respect to CMC's cash flow capabilities, financial position, fundamental business outlook and capital allocation strategy. 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.

CMC'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 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

Commercial Metals Company (NYSE:CMC) will release its third quarter earnings report before the opening bell on Thursday, June 25.

Analysts expect the Irving, Texas-based company to report quarterly earnings of $1.75 per share, up from 74 cents per share in the year-ago period. The consensus estimate for CMC's quarterly revenue is $2.41 billion. It reported $2.02 billion last year, according to Benzinga Pro.

On March 25, CMC announced an 11% increase in its quarterly dividend.

Commercial Metals shares fell 4.5% to close at $73.22 on Wednesday.

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.

Considering buying CMC stock? Here’s what analysts think:

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The market expects Commercial Metals (CMC - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended May 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 25. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis manufacturer and recycler of steel and metal products is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of +120.3%.

Revenues are expected to be $2.38 billion, up 17.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.09% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Commercial Metals?For Commercial Metals, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.38%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Commercial Metals will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Commercial Metals would post earnings of $1.28 per share when it actually produced earnings of $1.16, delivering a surprise of -9.38%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Commercial Metals doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

TORONTO--(BUSINESS WIRE)--CMC Markets Canada (CMCX), a global provider of online trading technology for retail, professional and institutional clients, has expanded its platform offering with the launch of MetaTrader 5 (MT5).

The addition of MT5 broadens CMC Markets' platform ecosystem in Canada, providing clients with greater choice in how they access and trade global financial markets.

Available alongside CMC's proprietary trading platform, MT5 enables clients to access more than 1,100 instruments, including US and Canadian shares, indices, commodities and forex, through a single account.

The launch reflects CMC Markets' continued investment in technology and product innovation, supporting its strategy to deliver a best-in-class trading experience built on flexibility, choice and market access.

Felix Wong, Vice President of Distribution, CMC Markets North America, said:

“The launch expands platform choice for our Canadian clients and complements CMC Markets' existing offering. By combining MT5's capabilities with access to more than 1,100 instruments, we are giving traders greater flexibility in how they engage with global markets.”

MT5 offers advanced charting and technical analysis tools, algorithmic trading functionality through Expert Advisors (EAs), Depth of Market (DoM) capabilities and cross-device access across desktop, web and mobile.

The launch marks the latest step in CMC Markets' continued investment in the Canadian market, enhancing its multi-asset offering and providing clients with greater flexibility to trade across global markets.

About CMC Markets

Founded in 1989 to make financial markets more accessible, CMC Markets has evolved into a leading global multi-asset financial services firm, underpinned by best-in-class technology. With over 36 years' experience and offices in London, Sydney, Singapore, Canada, Dubai and across Europe, the company serves a global base of retail, professional and institutional clients.

As a CIRO-regulated broker, CMC Markets Canada Inc. provides Canadian traders with access to a transparent, trusted, and professionally supported trading environment.

CMC Markets: www.cmcmarkets.com/en-ca

Investors interested in Steel - Producers stocks are likely familiar with Ternium S.A. (TX - Free Report) and Commercial Metals (CMC - Free Report) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

Currently, Ternium S.A. has a Zacks Rank of #2 (Buy), while Commercial Metals has a Zacks Rank of #5 (Strong Sell). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that TX has an improving earnings outlook. But this is just one factor that value investors are interested in.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

TX currently has a forward P/E ratio of 10.48, while CMC has a forward P/E of 12.16. We also note that TX has a PEG ratio of 0.20. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CMC currently has a PEG ratio of 0.47.

Another notable valuation metric for TX is its P/B ratio of 0.6. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, CMC has a P/B of 1.96.

Based on these metrics and many more, TX holds a Value grade of A, while CMC has a Value grade of C.

TX has seen stronger estimate revision activity and sports more attractive valuation metrics than CMC, so it seems like value investors will conclude that TX is the superior option right now.

Commercial Metals (CMC - Free Report) reported $2.13 billion in revenue for the quarter ended February 2026, representing a year-over-year increase of 21.5%. EPS of $1.16 for the same period compares to $0.26 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.98 billion, representing a surprise of +7.58%. The company delivered an EPS surprise of -9.14%, with the consensus EPS estimate being $1.28.

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: $985.00 versus $939.87 estimated by three analysts on average.Europe - Steel products metal margin per ton: $316.00 versus $290.50 estimated by three analysts on average.North America - Average selling price (per ton) - Downstream products: $1,242.00 versus the three-analyst average estimate of $1,243.79.North America - Average selling price (per ton) - Steel products: $974.00 versus the three-analyst average estimate of $926.49.North America - Average selling price (per ton) - Cost of ferrous scrap utilized per ton: $351.00 compared to the $330.65 average estimate based on three analysts.North America - Average selling price (per ton) - Steel products metal margin per ton: $623.00 versus $595.84 estimated by three analysts on average.Europe - Steel products (External tons shipped): 284 thousand compared to the 343.02 thousand average estimate based on three analysts.Europe - Steel products - Rebar: 69 thousand versus the three-analyst average estimate of 114.63 thousand.Europe - Steel products - Merchant and other: 215 thousand versus the three-analyst average estimate of 228.39 thousand.Net sales from external customers- Corporate and Other: $9.26 million versus the three-analyst average estimate of $10.78 million. The reported number represents a year-over-year change of -13%.Net sales from external customers- Europe: $200.01 million compared to the $234.14 million average estimate based on three analysts. The reported number represents a change of +1% year over year.Net sales from external customers- North America: $1.61 billion compared to the $1.5 billion average estimate based on three analysts. The reported number represents a change of +16% year over year.View all Key Company Metrics for Commercial Metals here>>>

Shares of Commercial Metals have returned -16.3% over the past month versus the Zacks S&P 500 composite's -5% 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.

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 1% on Thursday.

The Dow traded down 0.43% to 46,228.52 while the NASDAQ fell 1.02% to 21,706.08. The S&P 500 also fell, dropping, 0.75% to 6,542.14.

Leading and Lagging Sectors

Energy shares climbed by 1.6% on Thursday.

In trading on Thursday, communication services stocks fell by 2.3%.

Top Headline

Commercial Metals Co. (NYSE:CMC) reported fiscal second-quarter results Thursday that missed adjusted EPS estimates but beat on revenue, sending shares lower.

CMC reported fiscal second-quarter adjusted earnings of $1.16 per diluted share, missing the $1.30 estimate, while sales of $2.132 billion beat the $2.091 billion estimate.

Net earnings were $93.0 million, or 83 cents per diluted share, on net sales of $2.1 billion. This compares with $25.5 million, or 22 cents per diluted share, on net sales of $1.8 billion a year earlier.

Equities Trading UP
           

Equities Trading DOWN

Commodities

In commodity news, oil traded up 4.1% to $94.00 while gold traded down 2.3% at $4,449.90.

Silver traded down 5% to $69.005 on Thursday, while copper fell 0.7% to $5.5225.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.92%, while Spain's IBEX 35 Index fell 1.06%. London's FTSE 100 declined 1.24%, Germany's DAX dipped 1.23% and France's CAC 40 fell 0.50% during the session.

Asia Pacific Markets

Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.27%, Hong Kong's Hang Seng index declining 1.89% and China's Shanghai Composite dropping 1.09%.

Economics

U.S. initial jobless claims increased by 5,000 from the previous month to 210,000 during the third week of March, in-line with the median market estimates. U.S. natural-gas stocks fell by 54 billion cubic feet in the week ended March 20, compared to market estimates of a 44 bcf decline. Photo via Shutterstock

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Commercial Metals Company (NYSE: CMC - Get Free Report)'s share price gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $62.41, but opened at $57.98. Commercial Metals shares last traded at $61.0560, with a volume of 146,565 shares changing hands. The basic materials company reported $1.16 EPS

Key Takeaways Commercial Metals reported Q2 EPS of $1.16, missing estimates despite strong year-over-year growth.CMC posted $2.13B in sales, beating estimates, with gross profit and EBITDA surging sharply.North America's strength and seasonal gains are expected to drive higher EBITDA in Q3. Commercial Metals Company (CMC - Free Report) reported adjusted earnings per share (EPS) of $1.16 in second-quarter fiscal 2026 (ended Feb. 28, 2026), missing the Zacks Consensus Estimate of $1.28. Adjusted for one-time items, the company posted earnings of 31 cents per share in the prior-year quarter.

CMC’s Revenues & Margins Dip Y/Y in Q2Net sales in the reported quarter were $2.13 billion compared with $1.75 billion in the year-ago quarter. The reported figure beat the Zacks Consensus Estimate of $1.98 billion.

The cost of goods sold in the quarter was up 13.7% year over year to $1.74 billion. The gross profit surged 76.4% year over year to $388 million during this period. The core EBITDA was $297 million in the fiscal second quarter, marking a year-over-year surge of 113.8%.

Commercial Metals’ Q2 Segmental PerformanceThe North America Steel Group segment generated net sales of $1.61 billion in the fiscal second quarter compared with $1.38 billion in the year-ago quarter. We expected net sales of $1.44 billion in the quarter. The segment registered an adjusted EBITDA of around $269 million compared with $137 million in the year-ago quarter. Our model predicted an adjusted EBITDA of $248 million.

The Europe Steel Group segment’s revenues were $200 million, up 1% from the year-ago quarter. Our model predicted net sales of $247 million. The adjusted EBITDA was negative $1.4 million in the fiscal second quarter compared with $0.8 million in the year-ago quarter. We expected an adjusted EBITDA of $0.2 million for the quarter.

The Construction Solutions Group segment generated net sales of around $314 million in the fiscal second quarter compared with $158 million in the year-ago quarter. Our model predicted net sales of $189 million. The segment registered an adjusted EBITDA of $53 million compared with $23 million in the year-ago quarter. Our model predicted an adjusted EBITDA of $37 million.

CMC’s Q2 Cash Flow & Balance Sheet UpdatesCommercial Metals reported cash and cash equivalents of $0.49 billion at the end of second-quarter fiscal 2026 compared with $1 billion at the end of fiscal 2025. The company’s long-term debt was $3.3 billion at the end of the fiscal second quarter. Cash generated from operating activities for the six months ended Feb 28, 2026, was $371 million compared with $245 million in the year-ago period.

On March 25, the company declared a quarterly dividend of 20 cents per share, marking an 11% increase from the dividend paid in February 2026. The dividend will be paid on April 15 to shareholders of record as of April 6, 2026.

Commercial Metals’ Q3 OutlookCMC expects its fiscal third-quarter core EBITDA to increase sequentially due to normal seasonal improvement and strength across its North American market. North America Steel Group’s adjusted EBITDA is expected to increase modestly from the second quarter, driven by higher seasonal volumes. This will be partially offset by annual maintenance outages.

In the Construction Solutions Group segment, results are expected to nearly double compared with the second quarter of fiscal 2026. The company expects Europe Steel Group's adjusted EBITDA to rise substantially on higher seasonal volumes.

CMC Stock’s Price PerformanceThe company’s shares have gained 30.4% in the past year compared with the industry’s 42.8% growth.

Image Source: Zacks Investment Research

Commercial Metals’ Zacks RankCMC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

A Steel - Specialty Stock Awaiting ResultsTernium S.A. (TX - Free Report) is expected to release first-quarter 2026 results soon.

The Zacks Consensus Estimate for Ternium’s EPS is pegged at $1.01 for the fiscal first quarter, suggesting a rise from 55 cents reported in the year-ago period. For total revenues, the Zacks Consensus Estimate is pinned at $4.23 billion, indicating a year-over-year increase of 7.4%.

Recent Peer PerformanceL.B. Foster Company (FSTR - Free Report) recorded adjusted earnings of 22 cents per share for fourth-quarter 2025. The bottom line missed the Zacks Consensus Estimate of 66 cents. The company posted a loss of 52 cents in the year ago quarter.

L.B. Foster’s revenues rose 25% year over year to $160 million in the quarter. The figure beat the consensus estimate of $158 million.

Carpenter Technology Corporation (CRS - Free Report) reported adjusted earnings of $2.33 per share for second-quarter fiscal 2026, beating the Zacks Consensus Estimate of $2.20. It had posted adjusted earnings of $1.66 in the year-ago quarter. The upside was driven by ongoing improvements in the product mix and expanding operating efficiencies.

Carpenter Technology’s net revenues increased 7.5% year over year to $728 million in the reported quarter. The figure missed the Zacks Consensus Estimate of $729 million.

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The Russell 2000 is a stock market index that tracks the performance of approximately 2,000 small-cap companies in the United States. It is part of the broader Russell 3000 Index, which covers about 98% of the U.S. equity market, but specifically focuses on smaller companies with market capitalizations typically ranging from $300 million to $2 billion. These firms are often considered riskier but can offer higher growth potential compared to larger, more established companies. In what has already been an unusual year for stocks, the small-cap index is crushing its rivals, up 5.8% through last Friday. The only other index with a positive return is the venerable Dow Jones Industrial Average, up just 0.1% this year.

Historical data show that small-cap stocks tend to lead in the years following major market downturns. For example, after the 2008 financial crisis, the Russell 2000 significantly outperformed the S&P 500 from 2009 to 2011. However, small caps can underperform during recessions or high uncertainty due to their higher risk and lower liquidity. While our recent sell-off doesn’t qualify as a significant market meltdown, many of the higher-yielding stocks in the Russell 2000 are still offering intriguing entry points.

We screened the index for stocks and identified five that appear to be quality growth and passive income ideas now. Passive income is characterized by its ability to generate revenue without requiring the earner’s continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.

Buckle This popular retailer offers good value for shareholders and a solid 2.60% dividend. Buckle (NYSE: BKE) is a retailer of casual apparel, footwear, and accessories that operates approximately 441 retail stores in 42 states. It markets a wide selection of casual apparel, including denim, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It also provides customer services, such as free hemming, free gift packaging, easy layaways, the Buckle private-label credit card, and a guest loyalty program.

Buckle offers denims from brands such as:

Flying Monkey Hidden KanCan Levi’s Miss Me Rock Revival Wrangler 7 For All Mankind Other key brands include Affliction, American Fighter, Ariat, Billabong, Birkenstock, Free People, Goorin Bros., Hey Dude, Hooey, Howitzer, Hurley, K. Swiss, Kimes Ranch, Lost Calf, Mia, Oakley, Old Row, Pendleton, Ray-Ban, Reebok, Ridge, RVCA, SOREL, Steve Madden, Sullen, Very G, White Crow, and Z Supply.

Commercial Metals Based in Texas, Commercial Metals (NYSE: CMC | CMC Price Prediction) has ongoing demand from the construction industry and pays a small 1.12% dividend. This company offers products and technologies to meet the critical reinforcement needs of the global construction sector. Its solutions support construction across a wide variety of applications, including:

Infrastructure Non-residential Residential Industrial and energy generation Transmission Its North America Steel Group segment provides a diverse range of products and solutions to support the construction sector. The Europe Steel Group segment comprises a vertically integrated network of recycling facilities, an EAF mini-mill, and fabrication operations located in Poland. And the Construction Solutions Group segment’s portfolio consists of its construction services products, Tensar products and solutions, impact metals, and performance reinforcing steel products. It is also a supplier of precast concrete and pipe products.

J.P. Morgan has an Overweight rating with an $83 target price.

Main Street Capital Main Street Capital (NASDAQ: MAIN) has helped over 200 private companies grow or transition by providing flexible private equity and debt capital solutions. This stock is a favorite across Wall Street and offers a substantial 5.59% monthly dividend. This business development company has a strong history of monthly dividends and relatively conservative lending practices. The firm holds a BBB− investment-grade credit rating and has much less debt than regulators allow, making it one of the few monthly dividend-paying stocks to earn a “Safe” Dividend Safety Score.

The firm also provides debt capital to middle-market companies for:

Acquisitions Management buyouts Growth financings Recapitalizations Refinancing The firm seeks to partner with entrepreneurs, business owners, and management teams and generally provides “one-stop” financing options within its lower-middle-market portfolio. Main Street Capital typically invests in lower-middle-market companies with annual revenues between $10 million and $150 million. The firm’s middle-market debt investments are in businesses that are generally larger than those of its lower middle-market portfolio companies. It also creates majority and minority equity.

Royal Bank of Canada has an Outperform rating with a $66 target price.

Starwood Property Trust Starwood Capital is a well-established global investor with international investments across more than 30 countries and an affiliate of Starwood Property Trust (NYSE: STWD), which boasts a 10.90% dividend yield, and it is led by real estate legend Barry Sternlicht. Starwood Property Trust operates as a REIT in the United States, Europe, and Australia. Since going public 15 years ago, it has kept its dividend intact, never once reducing it,  and has held its current payout steady for more than 10 years.

The company’s loan portfolio spans commercial, residential, and infrastructure assets, and it operates with a conservative leverage ratio below 3x. Its four operating segments are:

Commercial and Residential Lending Infrastructure Lending Property Investing and Servicing The Commercial and Residential Lending segment:

Originates, acquires, finances, and manages commercial first mortgages Non-agency residential mortgages Subordinated mortgages Mezzanine loans Preferred Equity Commercial mortgage-backed securities (CMBS) Residential mortgage-backed securities The Infrastructure Lending segment originates, acquires, finances, and manages infrastructure debt investments, while the Property segment primarily develops and manages equity interests in stabilized commercial real estate properties, including multifamily and net-leased commercial properties, held for investment purposes.

The Investing and Servicing segment:

Manages and works out problem assets Acquires and contains unrated, investment-grade, and non-investment-grade rated CMBS comprising subordinated interests of securitization and re-securitization transactions Originates conduit loans to sell these loans into securitization transactions and acquire commercial real estate assets, including properties from CMBS trusts Keefe, Bruyette & Woods has an Outperform rating and a $22 price target.

UMB Financial This financial firm traces its lineage back to the Kemper Financial legacy in Missouri and pays a 1.36% dividend. UMB Financial (NASDAQ: UMBF) is a financial services company operating via these segments:

Commercial Banking Institutional Banking Personal Banking Commercial Banking includes:

Comprehensive deposit, lending, investment, and retirement plan services Personal banking, which includes comprehensive deposit, lending, wealth management, and financial planning services Institutional banking, which includes asset servicing, corporate trust solutions, investment banking, and healthcare services The segment serves the commercial banking and treasury management needs of its small to middle-market businesses through a variety of products and services.

Institutional Banking is a combination of banking services, fund services, asset management services, and healthcare services provided to institutional clients. And Personal Banking products include deposit accounts, retail credit cards, private banking, installment loans, home equity lines of credit, and residential mortgages.

BofA Securities has a Buy rating with a $148 price objective.

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Investors in Commercial Metals Company (CMC - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 18, 2026 $35 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Commercial Metals shares, but what is the fundamental picture for the company? Currently, Commercial Metals is a Zacks Rank #3 (Hold) in the Steel – Producers industry that ranks in the Top 42% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while three analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.90 per share to $1.78 in that period.

Given the way analysts feel about Commercial Metals right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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Published in basic-materials

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Grace Therapeutics, Inc. - GRCE PR Newswire

NEW YORK, May 14, 2026

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Grace Therapeutics, Inc. ("Grace" or the "Company") (NASDAQ: GRCE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Grace and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On April 23, 2026, Grace issued a press release "announc[ing] that the U.S. Food and Drug Administration (FDA) has issued a Complete Response Letter (CRL) for the Company's New Drug Application (NDA) for GTx-104 for the treatment of patients with aSAH." Per the press release, "the FDA referenced certain items in the Chemistry, Manufacturing, and Controls (CMC) and Non-Clinical sections of the application," which "are related to leachables data for product packaging, non-clinical product toxicology risk assessments, and product manufacturing deficiencies at our contract manufacturing organization."

On this news, Grace's stock price fell $1.96 per share, or 45.48%, to close at $2.35 per share on April 23, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP

, /PRNewswire/ -- CMC (NYSE: CMC) today announced it will host its Investor Day on August 5, 2026.

Peter Matt, President and Chief Executive Officer, along with members of his executive leadership team will present an update on the Company's strategy, operations, and long-term growth outlook.

The event will be webcast live via the Investor Relations section of CMC's website at www.cmc.com. Investors and other interested parties are invited to join the virtual event by registering in advance at CMC Investor Day 2026. A replay of the webcast and accompanying materials will be available following the event.

About CMC

CMC is a Fortune 500 company (NYSE: CMC) 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 into 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.

SOURCE CMC

CMC Markets Plc (CCMMF) Q4 2026 Earnings Call Prepared Remarks Transcript

GRCE Investors Have Opportunity to Join Grace Therapeutics, Inc. Fraud Investigation with the Schall Law Firm PR Newswire

LOS ANGELES, June 8, 2026

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Grace Therapeutics, Inc. ("Grace" or "the Company") (NASDAQ: GRCE) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Grace announced on April 23, 2026, that "the U.S. Food and Drug Administration (FDA) has issued a Complete Response Letter (CRL) for the Company's New Drug Application (NDA) for GTx-104 for the treatment of patients with aSAH." According to the Company, "the FDA referenced certain items in the Chemistry, Manufacturing, and Controls (CMC) and Non-Clinical sections of the application," which "are related to leachables data for product packaging, non-clinical product toxicology risk assessments, and product manufacturing deficiencies at our contract manufacturing organization." Based on this news, shares of Grace fell by nearly 45.5% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]

www.schallfirm.com

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SOURCE The Schall Law Firm