Commercial Metals Company (CMC)
NYSE:CMC
Earnings Data
Report Date
Jun 18, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.86Last Year’s EPS
0.74Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed a predominantly positive message: materially higher consolidated core EBITDA (up 114% YoY), strong contributions and promising outlook from the newly acquired precast platform, solid North America margins and meaningful TAG-driven improvements. The company also demonstrated healthy liquidity and progress toward deleveraging while increasing the dividend. Short-term headwinds include weather-related production disruption, acquisition-related purchase accounting amortization that will compress GAAP income versus core EBITDA for several quarters, European import-related disruption and some maintenance/energy cost pressures. On balance, the positive operational momentum, acquisition upside and financial strength outweigh the near-term challenges.Company Guidance
Strong GAAP and Adjusted Earnings
Reported net earnings of $93.0 million ($0.83 per diluted share) and adjusted earnings of $130.1 million ($1.16 per diluted share) after excluding certain acquisition and other items.
Large YoY EBITDA Improvement
Consolidated core EBITDA of $297.5 million, an increase of 114% year-over-year, with core EBITDA margin of 14% (up 610 basis points versus prior year).
North America Steel Segment Profitability
North America Steel Group adjusted EBITDA of $269.7 million (approximately $257 per ton shipped) with a segment EBITDA margin of 16.8%, supported by TAG initiatives and higher margin over scrap.
Precast Platform Acquisition and Strong Early Performance
Entry into precast via CP&P and Foley; Construction Solutions Group net sales of $314.4 million (up 98% YoY) and adjusted EBITDA of $53.4 million (up 127% YoY). Precast contributed $33.6 million to segment adjusted EBITDA; excluding inventory purchase accounting, precast EBITDA was $40.3 million on revenue of $145 million.
Precast Full-Year Expectation
Company expects the precast business to generate $165 million–$175 million in EBITDA for the full fiscal year, providing a sizable growth platform and free cash flow contributor.
TAG Program Momentum
Enterprise-wide TAG operational/commercial excellence program driving bottom-line benefits; company is confident it will reach or exceed an annualized run-rate EBITDA benefit of $150 million by fiscal year-end.
Backlog, Bookings and Market Signals
Second-quarter bookings were the highest since late fiscal 2022; backlog value at quarter end was up by a high single-digit percentage versus Feb 2025, with strong activity in data centers, public works, institutional, energy projects and reshoring-related opportunities.
Healthy Liquidity and Deleveraging Progress
Cash and cash equivalents of $504 million plus ~$1.2 billion of availability (total liquidity just over $1.7 billion). Adjusted net leverage approximately 2.3x (improved from the illustrative 2.7x at acquisition) with stated goal to return to ≤2x.
Shareholder Returns and Tax Outlook
Quarterly dividend increased by $0.02 to $0.20 per share (an 11% increase). Full-year effective tax rate guidance reiterated at 7%–9% and company expects little to no significant U.S. federal cash taxes in fiscal 2026 and much of 2027.
Capital Expenditure Guidance
Fiscal 2026 capital spending guide of approximately $600 million (slightly lower than January guide), with about $300 million for completing West Virginia micromill and ~$25 million for precast capital needs.
CMC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 26, 2026 | $62.21 | $59.29 | -4.69% |
Jan 08, 2026 | $72.81 | $70.21 | -3.56% |
Oct 16, 2025 | $59.17 | $54.88 | -7.26% |
Jun 23, 2025 | $48.09 | $48.67 | +1.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Commercial Metals Company (CMC) report earnings?
Commercial Metals Company (CMC) is schdueled to report earning on Jun 18, 2026, Before Open (Confirmed).
What is Commercial Metals Company (CMC) earnings time?
Commercial Metals Company (CMC) earnings time is at Jun 18, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMC EPS forecast?
CMC EPS forecast for the fiscal quarter 2026 (Q3) is 1.86.
