CMC: North American Steel Product Metal Margins Inflected Upward

SEATTLE (Scrap Monster): Irving, Texas-headquartered Commercial Metals Company (CMC) announced financial results for its fiscal 2025 third quarter ended May 31, 2025.

The business reported $83.1 million in net earnings for the third quarter, or $0.73 per diluted share. This is in contrast to the previous year's quarter's net earnings of $119.4 million, or $1.02 per diluted share. From $2.1 billion to $2 billion, the net sales showed a little decrease from the previous year.

In the third quarter of current fiscal year, CMC's adjusted earnings were $84.4 million, or $0.74 per diluted share, as opposed to $119.6 million, or $1.02 per diluted share, in the same time last year. Additionally, it reported a core EBITDA margin of 10.1% and consolidated core EBITDA of $204.1 million for the quarter.

CMC reported strong balance sheet and liquidity position as at the end of the quarter.

In Q3, the company's metal margins for its steel products in North America increased sequentially by $23 per ton. Every quarter, the average selling price of steel goods increased by $45 per ton. Strong demand was indicated by the North America Steel Group. Shipments of completed steel products increased 10.4% from the previous quarter and 1.6% year over year.

Better market conditions across all categories drove the company's financial performance, according to Peter Matt, CMC's president and chief executive officer.

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