Commercial Metals CEO sees Q1 results “consistent” with Q4

CEO Peter Matt said, “We expect consolidated financial results in Q1 of FY26 to be generally consistent with those of Q4. Finished steel shipments within the North America Steel Group are anticipated to follow normal seasonal trends, while our adjusted EBITDA margin is expected to increase sequentially on higher steel product margins over scrap. While we expect financial results for the Emerging Businesses Group to decline on a sequential basis due to seasonality, we believe they will improve year-over-year. Our Europe Steel Group will receive the second tranche of the annual CO2 credit in the amount of approximately $15M during Q1, but less than the $30.7M recovered during Q4 of FY25. Excluding this credit, adjusted EBITDA for our Europe Steel Group is likely to be around breakeven as seasonal factors weigh on profitability.”