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.