CMC Q1 FY2026 Earnings Jump on Record Margins, Strong Sales

SEATTLE (Scrap Monster): Commercial Metals Company (NYSE: CMC) reported a strong start to fiscal 2026, posting sharply improved financial results for its first quarter ended November 30, 2025, supported by favorable market conditions, margin expansion, and disciplined execution.

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CMC: North American Steel Product Metal Margins Inflected Upward

The company recorded net earnings of $177.3 million, or $1.58 per diluted share, on net sales of $2.1 billion, compared with a net loss in the prior-year period. Excluding acquisition- and litigation-related charges, adjusted earnings rose to $206.2 million, or $1.84 per share, more than doubling year over year.

Key first-quarter highlights

·         Steel product metal margins reached their highest level in nearly three years

·         Adjusted EBITDA for the North America Steel Group jumped 57.9% to $293.9 million

·         Construction Solutions Group delivered record first-quarter EBITDA, up 74.7% y/y

·         Cash and equivalents totaled $3.0 billion, with nearly $1.9 billion in liquidity

CMC also completed acquisitions of CP&P and Foley, establishing a scalable precast concrete platform expected to contribute meaningfully to earnings. During the quarter, the company repurchased $38.9 million in shares and declared its 245th consecutive quarterly dividend of $0.18 per share.

Looking ahead, management expects modest seasonal softness in the second quarter, offset by contributions from recent acquisitions, while maintaining a positive long-term outlook driven by infrastructure demand and strategic growth initiatives.