CMC reported third-quarter fiscal 2026 net earnings of $173.0 million, or $1.55 per diluted share, with adjusted earnings of $193.0 million, or $1.73 per diluted share. Consolidated core EBITDA surged 78.6% year-over-year to $353.6 million, driven by strong market conditions, growing benefits from Transform, Advance, Grow initiatives, and a $52.9 million contribution from recently acquired precast businesses. Core EBITDA margin expanded 440 basis points to 14.2%, while net leverage adjusted for acquisitions fell to 2.1 times, with clear visibility to below 2 times well ahead of the mid-2027 target. All segments delivered significant adjusted EBITDA growth, with North America Steel Group up 41%, Construction Solutions Group more than doubling, and Europe Steel Group rising to $34.7 million from $3.6 million a year earlier. The company also declared a quarterly dividend of $0.20 per share and expects sequential core EBITDA growth in the fourth quarter.
Commercial Metals CompanyCMC reported strong Q3 earnings with core EBITDA up 78.6% and raised guidance.
CMC Corporation