Quarterly ResultJun 29, 2026, 11:56 AM
Commercial Metals Q3 Net Earnings $173M, EPS $1.56; YTD Profit Turnaround
AI Summary
Commercial Metals reported strong Q3 2026 results with net earnings of $173 million, up significantly from $83.1 million in the prior year, and basic EPS of $1.56. Year-to-date, the company achieved a substantial turnaround, reporting net earnings of $443.3 million compared to a $67.1 million loss in the previous year. The company also completed two major acquisitions, Foley for $1.84 billion and CP&P for $675 million, establishing its precast platform and rebranding a segment to Construction Solutions Group.
Key Highlights
- Acquired Foley Products for $1.84 billion in December 2025.
- Acquired Concrete Pipe and Precast for $675 million in December 2025.
- YTD 2026 Net Earnings: $443.3 million, a turnaround from $(67.1) million loss.
- Q3 2026 Net Earnings: $173 million, up from $83.1 million YoY.
- Q3 2026 Basic EPS: $1.56, up from $0.74 YoY.
- Q3 2026 Net Sales: $2.48 billion, up from $2.02 billion YoY.
- Long-term debt increased to $3.31 billion from $1.31 billion.
- Received $20.4 million in Q3 government assistance.
Price Impact
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