The earnings call presented a mixed outlook. There were several highlights, including sequential improvements in EBITDA, robust demand in North America, and strong performance from the Emerging Business Group. However, challenges such as decreased profitability in the North American Steel Group, legal expenses, and project delays due to tariffs and economic uncertainty were notable lowlights.

Company Guidance

During the Fiscal 2025 Third Quarter Earnings Call for Commercial Metals Company, guidance was provided on several key metrics. The company reported net earnings of $83.1 million, or $0.73 per diluted share, on net sales of $2 billion. Excluding after-tax charges of $1.3 million, adjusted earnings were $84.4 million or $0.74 per diluted share. Consolidated core EBITDA was $204.1 million with a margin of 10.1%. The North American Steel Group generated adjusted EBITDA of $186 million, with a margin of 11.9%, while the Emerging Business Group saw adjusted EBITDA rise by 7% to $40.9 million. In Europe, adjusted EBITDA improved to $3.6 million. The company also discussed strategic initiatives, including the TAG program expected to yield approximately $50 million in EBITDA benefit for fiscal year 2025 and $100 million when fully realized. Future capital spending is projected between $425 million and $475 million, down from prior guidance, with a focus on strategic growth projects and shareholder returns.

Sequential Improvement in Core EBITDA

Commercial Metals Company generated consolidated core EBITDA of $204.1 million and a core EBITDA margin of 10.1%, both of which improved meaningfully on a sequential basis.

Strong Demand and Backlog in North America

The construction and industrial activity driving consumption of products was resilient, resulting in year-over-year growth of finished steel shipments, despite economic uncertainty and tariffs.

Emerging Business Group Performance

The Emerging Business Group reported a 4.7% increase in net sales and a 7% increase in adjusted EBITDA, largely driven by strong demand for proprietary products.

Improved Conditions in Europe Steel Group

Europe Steel Group reported adjusted EBITDA of $3.6 million compared to a loss of $4.2 million in the prior year, driven by cost management and robust shipment volume.

TAG Program Exceeding Targets

The TAG program has achieved early success, expecting to yield approximately $50 million of EBITDA benefit in fiscal year 2025 with potential annual run rate benefits over $100 million.

Commercial Metals Company (CMC) Earnings, Revenues Date & History

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CMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 09, 2025	2025 (Q4)	1.34 / -	0.9	―	―	―
Jun 23, 2025	2025 (Q3)	0.85 / 0.74	1.02	-27.45% (-0.28)
Mar 20, 2025	2025 (Q2)	0.29 / 0.26	0.88	-70.45% (-0.62)
Jan 06, 2025	2025 (Q1)	0.79 / 0.78	1.63	-52.15% (-0.85)
Oct 17, 2024	2024 (Q4)	0.91 / 0.90	1.69	-46.75% (-0.79)
Jun 20, 2024	2024 (Q3)	1.02 / 1.02	2.02	-49.50% (-1.00)
Mar 21, 2024	2024 (Q2)	0.76 / 0.88	1.44	-38.89% (-0.56)
Jan 08, 2024	2024 (Q1)	1.47 / 1.63	2.24	-27.23% (-0.61)
Oct 12, 2023	2023 (Q4)	1.77 / 1.69	2.45	-31.02% (-0.76)
Jun 22, 2023	2023 (Q3)	1.81 / 2.02	2.61	-22.61% (-0.59)

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
Jun 23, 2025	$48.50	$49.09	+1.22%
Mar 20, 2025	$46.51	$47.00	+1.05%
Jan 06, 2025	$48.35	$49.86	+3.12%
Oct 17, 2024	$52.91	$55.61	+5.10%

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.