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Commercial Metals Company
Commercial Metals Company (CMC) investor relations material
Commercial Metals Company Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary8 Jan, 2026
Executive summary
Achieved one of the best first quarters in company history, with net earnings of $177.3 million ($1.58 per diluted share) and adjusted earnings of $206.2 million ($1.84 per diluted share), reversing a prior year net loss and reflecting strong operational execution and favorable market conditions.
Closed major acquisitions of CP&P and Foley, deploying over $2.5 billion to create one of the largest precast concrete businesses in the U.S. and expanding the Construction Solutions Group.
Launched the TAG (Transform, Advance, Grow) program, targeting $150 million annualized run-rate EBITDA benefit by end of FY 2026, and rebranded the Emerging Businesses Group to Construction Solutions Group.
Benefited from strong North American market conditions, strategic initiatives, and key talent onboarding, driving significant bottom-line improvements.
Financial highlights
Net sales rose 11% year-over-year to $2.12 billion, with consolidated core EBITDA reaching $316.9 million (up 52% year-over-year) and a core EBITDA margin of 14.9%.
Adjusted earnings per diluted share were $1.84, up from $0.76 year-over-year.
North America Steel Group adjusted EBITDA was $293.9 million, up 58% year-over-year, with a margin of 17.7%.
Construction Solutions Group net sales grew 17% to $198.3 million, with adjusted EBITDA up 75% to $39.6 million and a margin of 20%.
Europe Steel Group adjusted EBITDA declined to $10.9 million, impacted by lower CO2 credits and higher maintenance costs, despite higher shipping volumes.
Outlook and guidance
Q2 core EBITDA expected to decline modestly due to seasonal slowdown and maintenance, partially offset by precast contributions.
North America Steel Group EBITDA anticipated to be lower sequentially due to seasonality and maintenance, with stable metal margins.
Construction Solutions Group results projected to improve in Q2, driven by precast contributions.
Europe Steel Group EBITDA expected to be breakeven in Q2, with margin growth potential later in the year as CBAM takes effect.
FY2026 capital spending projected at $625 million, mainly for the Steel West Virginia micromill and precast businesses.
Breakdown TAG program's $150M EBITDA benefit
Long-term strategy for precast growth platform
Quantify CBAM's expected impact on Europe EBITDA
Precast synergy timeline acceleration potential
Quantify TAG's metal margin benefit
Europe: CBAM/safeguard volume impact
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Next Commercial Metals Company earnings date
Q2 202619 Mar, 2026
Commercial Metals Company
Next Commercial Metals Company earnings date
Q2 202619 Mar, 2026
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Frequently asked questions
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates in three segments: Americas Recycling, Americas Mills, and Americas Fabrication. The company offers rebar, structural shapes, wire mesh, billets, bar stock and other specialty long steel; flat rolled steel; various types of steel joists and decking; fabricated rebar or wire mesh; non-ferrous metals; roofing products; fabricated floor joists; continuous cast iron bars; roller die blocks for use in drill bit manufacturing; bridge-decking products; highway sign posts; ground strips for grounding railroad tracks to insure electrical conductivity on railroads and transit systems.
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