Commercial Metals Company Q3 FY2026 Results
Commercial Metals Company (NYSE:CMC) announced its fiscal third‑quarter 2026 results, delivering adjusted earnings per share of $1.73, which exceeded the consensus estimate of $1.70 by $0.03. The earnings beat was accompanied by a 2.41% rise in the company’s shares during pre‑market trading.
Revenue for the quarter reached $2.48 billion, surpassing the $2.4 billion analyst estimate and representing a 22.9% increase year‑over‑year from $2.02 billion in the comparable prior‑year period. Consolidated core EBITDA climbed to $353.6 million, a 78.6% year‑over‑year surge, and the core EBITDA margin expanded by 440 basis points to 14.2%.
Segment performance showed the North America Steel Group generating adjusted EBITDA of $253.5 million, up 41% year‑over‑year, with its margin improving to 14.2% from 11.5% in the prior year. The Construction Solutions Group doubled its net sales to $394.6 million year‑over‑year and posted adjusted EBITDA of $97.4 million, reflecting a 138.1% increase. Recent precast acquisitions contributed $175.7 million to segment revenue and $52.9 million to adjusted EBITDA.
The Europe Steel Group reported adjusted EBITDA of $34.7 million, up from $3.6 million in the prior year, aided by a $20.4 million carbon‑credit benefit.
CEO Peter Matt stated that the company continued strong progress on its strategic agenda, notably growing core EBITDA and advancing balance‑sheet deleveraging. For the fourth quarter of fiscal 2026, CMC expects core EBITDA to increase sequentially, driven by favorable market conditions, robust backlogs, and the removal of a $20 million mill‑outage headwind that affected the third quarter.