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Commercial Metals (CMC)
NYSE:CMC
Earnings Data
Report Date
Mar 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.39Last Year’s EPS
0.26Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a decidedly positive operating and financial momentum: strong earnings turnaround, substantial YoY EBITDA growth, significant margin improvement in North America, robust performance in Construction Solutions, progressing TAG initiatives, and value-accretive acquisitions (CP&P and Foley) that expand the portfolio and should add meaningful EBITDA. Near-term cautions include European CO2 credit timing, a Polish outage cost, seasonal Q2 softness, acquisition-related charges and elevated pro forma leverage (~2.5x) which company plans to reduce within 18 months. Operational execution (AZ2 ramp, integration of Precast) and trade/import dynamics are watch-items. On balance, the favorable metrics, strategic progress, and clear plans to capture synergies and delever weigh heavier than the identified near-term challenges.Company Guidance
Strong GAAP and Adjusted Earnings Turnaround
Net earnings of $177.3 million ($1.58 per diluted share) in FY2026 Q1 versus a net loss of $175.7 million in the prior-year period; adjusted earnings of $206.2 million ($1.84 per diluted share) compared to $86.9 million ($0.76) a year ago.
Material EBITDA Growth
Consolidated core EBITDA of $316.9 million, up 52% year-over-year (from $208.7 million) and nearly 9% sequentially; core EBITDA margin expanded to 14.9%.
North America Steel Group Outperformance
North America Steel adjusted EBITDA of $293.9 million (≈$257 per ton), a 58% year-over-year increase; segment EBITDA margin improved to 17.7% from 12.3%, driven by higher metal margin over scrap, AZ2 operational improvements, and TAG execution.
Construction Solutions Momentum
Construction Solutions net sales of $198.3 million (+17% year-over-year) and adjusted EBITDA of $39.6 million (+75% year-over-year); adjusted EBITDA margin improved to 20%, driven by TENSAR and Construction Services performance and cost management.
Precast Acquisitions and Expected Contribution
Closed CP&P and Foley acquisitions (Dec). Initial observations positive; expected Precast contribution of $165–$175 million of EBITDA for ~8.5 months of FY2026 ownership and an estimated ~30%–35% margin profile when combined with existing businesses.
TAG Program Momentum and Target
TAG initiatives contributed roughly $50 million of EBITDA in fiscal 2025 from scrap optimization, mill yield, alloy usage and logistics; company targeting an exit FY2026 annualized run-rate EBITDA benefit of $150 million.
Liquidity and Capital Position
Cash, cash equivalents and restricted cash totaled $3.0 billion as of Nov 30 (included ~$2.0 billion notes proceeds); pro forma net leverage ~2.5x using combined adjusted EBITDA (improved from prior pro forma 2.7x); revolver increased from $600M to $1B and estimated available liquidity >$1.7B pro forma.
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 |
|---|---|---|---|
Jan 08, 2026 | $73.05 | $70.44 | -3.56% |
Oct 16, 2025 | $59.36 | $55.05 | -7.26% |
Jun 23, 2025 | $48.25 | $48.83 | +1.21% |
Mar 20, 2025 | $46.26 | $46.76 | +1.07% |
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 (CMC) report earnings?
Commercial Metals (CMC) is schdueled to report earning on Mar 19, 2026, Before Open (Confirmed).
What is Commercial Metals (CMC) earnings time?
Commercial Metals (CMC) earnings time is at Mar 19, 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 (Q2) is 1.39.
