CMC Posts 35% Jump in Q4 Core EBITDA on Improved Steel Margins

Steel News  |  2026-10-19 03:39:12   |   By

Core EBITDA increased 35.1% to $393.7 million, while the core EBITDA margin expanded by 100 basis points to 14.8%, mainly due to stronger metal margins and contributions from the acquired precast operations.

SEATTLE (Scrap Monster): Commercial Metals Company (CMC) reported significantly higher earnings and revenue for the fourth quarter of fiscal 2026. The results were mainly driven by improved steel margins, increased shipment volumes, and contributions from its construction solutions business.

For the quarter ended August 31, 2026, consolidated net sales climbed 25.7% year over year to $2.66 billion. Net earnings rose 40% to $212.5 million, equivalent to $1.91 per diluted share. Adjusted earnings reached $233.6 million, or $2.09 per diluted share, up 52.6% from the corresponding period last year.

Core EBITDA increased 35.1% to $393.7 million, while the core EBITDA margin expanded by 100 basis points to 14.8%, mainly due to stronger metal margins and contributions from the acquired precast operations.

CMC's North America Steel Group remained the primary earnings driver. Segment adjusted EBITDA advanced 32.6% to $317.5 million. Finished steel shipments grew 5.3%, while merchant bar volumes surged 27.5% year over year.

The Construction Solutions Group recorded a 94.5% increase in quarterly sales to $431.4 million. In Europe, adjusted EBITDA declined to $15.6 million from $39.1 million.

CMC ended the quarter with $778.9 million in cash and restricted cash and more than $2 billion in available liquidity. The company expects fiscal 2027 to deliver further growth, supported by infrastructure demand, strategic investments and ongoing operational improvements.