)

Commercial Metals Company (CMC) investor relations material
Commercial Metals Company Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Announced acquisitions of Foley Products Company and Concrete Pipe & Precast (CPMP), creating a leading precast platform expected to generate $250M adjusted EBITDA in 2025 with margins over 34%.
Q4 net earnings were $151.8M ($1.35/diluted share), with adjusted earnings of $155M ($1.37/diluted share), and core EBITDA of $291.4M at a 13.8% margin, reflecting strong sequential and year-over-year improvement.
North American Steel Group and Emerging Businesses Group (EBG) delivered record results, with EBG net sales up 13.4% and adjusted EBITDA up 19.1% year-over-year, led by Tensar.
Arizona 2 micro mill achieved positive adjusted EBITDA in Q4.
Maintained strong balance sheet and cash flow, enabling $50M in Q4 share repurchases and $1.9B in available liquidity.
Financial highlights
Fiscal Q4 2025 net earnings were $151.8M ($1.35/diluted share), up from $103.9M ($0.90/diluted share) YoY; adjusted Q4 earnings were $155M ($1.37/diluted share), up from $97.4M ($0.84/diluted share) YoY.
Q4 core EBITDA was $291.4M, a 33% increase YoY, with a margin of 13.8%, up from 11% prior year.
North American Steel Group Q4 adjusted EBITDA was $239.4M, up 18% YoY, with a margin of 14.8%.
EBG Q4 adjusted EBITDA was $50.6M, margin 22.8%, with net sales up 13.4% YoY.
Cash and cash equivalents at year-end totaled $1.0B, with available liquidity near $1.9B.
Outlook and guidance
Fiscal 2026 results expected to be consistent with Q4 2025; North America Steel Group margins anticipated to rise sequentially.
EBG results expected to improve YoY but decline sequentially due to seasonality.
Europe Steel Group to receive a $15M CO2 credit in Q1 2026; excluding this, EBITDA likely breakeven due to seasonality and maintenance.
No significant U.S. federal cash taxes expected in fiscal 2026 and much of 2027 due to tax credits and depreciation.
Capital spending for fiscal 2026 projected at $600M, with $350M for West Virginia micro mill and EBG growth investments.
Next Commercial Metals Company earnings date

Next Commercial Metals Company earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage