)
Edge14 Nov 2025
Ball: The King of Cans
From a 19th-century glass-jar legacy to a global plant network, Ball is now a pure-play aluminum can partner to the world's biggest beverage brands.
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.Q4 2025 earnings summary16 Oct, 2025
Executive summary
Announced acquisitions of Foley Products Company and CPMP, creating a leading U.S. precast platform and expanding the commercial portfolio, with expected $250 million adjusted EBITDA in 2025 and margins over 34%.
Achieved Q4 net earnings of $151.8 million ($1.35 per diluted share) and adjusted earnings of $155 million ($1.37 per diluted share), reflecting strong sequential and year-over-year improvement.
Core EBITDA for Q4 was $291.4 million, with a 13.8% margin, up both sequentially and year-over-year, driven by operational excellence and the TAG program.
EBG delivered record quarterly results, led by Tensar, with net sales up 13.4% and adjusted EBITDA up 19.1% year-over-year.
Arizona 2 micro mill generated positive adjusted EBITDA in Q4.
Financial highlights
Q4 2025 net earnings: $151.8 million ($1.35/diluted share); adjusted earnings: $155 million ($1.37/diluted share); core EBITDA: $291.4 million (13.8% margin), up from $103.9 million and $97.4 million prior year.
North America Steel Group Q4 adjusted EBITDA: $239.4 million (14.8% margin), up 18% year-over-year.
EBG Q4 net sales: $221.8 million (+13.4% YoY); adjusted EBITDA: $50.6 million (+19.1% YoY, 22.8% margin).
Europe Steel Group Q4 adjusted EBITDA: $39.1 million (14.8% margin), up from a loss last year, aided by a $31 million CO2 credit.
Cash and cash equivalents at year-end: $1.0 billion; available liquidity near $1.9 billion.
Outlook and guidance
Q1 fiscal 2026 results expected to be consistent with Q4; North America Steel Group margins to improve sequentially, while EBG and Europe segments face seasonal declines.
Europe Steel Group to receive a $15 million CO2 credit in Q1 2026; excluding this, EBITDA likely around breakeven.
Full-year effective tax rate for fiscal 2026 expected between 4% and 8%, with minimal U.S. federal cash taxes anticipated through fiscal 2027.
Capital spending for fiscal 2026 projected at $600 million, with $350 million for West Virginia micromill and EBG growth investments.
Net leverage expected to rise to 2.7x post-acquisitions, with a target to return below 2x within 18 months, aided by strong free cash flow and tax credits.
Total annual CO2 credit for Europe Steel Group?
North America steel margin trajectory into Q1 FY26?
EBG's record margin sustainability?
Explain Foley's margin advantage over CP&P.
Update on share repurchase plans.
TAG program's impact on steel margins?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Commercial Metals Company earnings date
Q1 20265 Jan, 2026
Next Commercial Metals Company earnings date
Q1 20265 Jan, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, 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.
)
Leroy DaleyApp Store
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.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
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.
Leroy DaleyApp Store
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.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
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.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
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.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
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.
Quartr provides global coverage of all investor relation material from public companies.
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.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage