Quarterly ResultJun 25, 2026, 08:22 AM
CMC Q3 Net Earnings $173M, Adj. EPS $1.73; Core EBITDA +78.6%
AI Summary
Commercial Metals Company (CMC) reported strong financial results for the third quarter of fiscal year 2026, with net earnings of $173.0 million and adjusted diluted EPS of $1.73, significantly up year-over-year. Consolidated core EBITDA surged 78.6% to $353.6 million, driven by robust market conditions, benefits from strategic initiatives, and contributions from recent acquisitions. The company also reduced its net leverage to 2.1x and declared a quarterly dividend of $0.20 per share, while anticipating sequential core EBITDA growth in the fourth quarter.
Key Highlights
- Net earnings for Q3 fiscal 2026 were $173.0 million, an increase of 108.1% year-over-year.
- Adjusted diluted EPS was $1.73, up 147.1% compared to the prior year period.
- Consolidated core EBITDA increased 78.6% year-over-year to $353.6 million.
- Consolidated core EBITDA margin expanded by 440 basis points year-over-year to 14.2%.
- Net sales for the quarter reached $2,483.2 million, a 22.9% increase year-over-year.
- Net leverage was reduced to 2.1x, ahead of the mid-2027 goal.
- The company repurchased 283,335 shares of common stock for $18.9 million.
- A quarterly dividend of $0.20 per share was declared, payable on July 15, 2026.
Price Impact
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