Financial Performance & Outlook - Q1 Net Earnings reached $1773 million[15], while Adjusted Earnings were $2062 million[15] - Q1 Core EBITDA stood at $3169 million[15], with a Core EBITDA Margin of 149%[15] - The company aims to exit FY 2026 with an annualized run-rate EBITDA benefit of $150 million from TAG initiatives[14, 21] - Precast business is expected to contribute approximately $165 million to $175 million to Construction Solutions Group Adjusted EBITDA in fiscal 2026[34] Strategic Initiatives - The company launched new Transform, Advance, Grow ("TAG") initiatives with commercial opportunities in focus[14, 19] - The company rebranded Emerging Businesses Group to Construction Solutions Group to better reflect business composition and strategic role of segment[14, 28] - The company completed acquisitions of Concrete Pipe & Precast ("CP&P") and Foley Products Company ("Foley")[2, 34] Market Dynamics - Construction Solutions Group net sales were up 170% year-over-year, while adjusted EBITDA increased by 747%[52, 65] - Europe Steel Group shipments increased by 157% on a year-over-year basis[52, 72] - The company anticipates reducing net debt to adjusted EBITDA to below 2x within 18 months[14, 46]

Financial Performance - First quarter net earnings were $177.3 million, or $1.58 per diluted share, compared to a net loss of ($175.7) million in the prior year period[5]. - Consolidated core EBITDA for the first quarter was $316.9 million, representing a 52% year-over-year increase, with a core EBITDA margin of 14.9%[4]. - The North America Steel Group's adjusted EBITDA increased by 57.9% to $293.9 million, with an adjusted EBITDA margin of 17.7%, up from 12.3% in the prior year[11]. - The Construction Solutions Group achieved first quarter net sales of $198.3 million, a 17.0% increase year-over-year, with adjusted EBITDA of $39.6 million, up 74.7%[13]. - Total net sales to external customers for the three months ended November 30, 2025, reached $2,120,307, an increase from $1,909,602 in the same period last year, representing a growth of approximately 11%[27]. - Adjusted EBITDA for the North America Steel Group was $293,906 for the three months ended November 30, 2025, compared to $186,179 in the same period last year, reflecting a significant increase of 57.7%[26]. - Net earnings for the three months ended November 30, 2025, were $177,282, a turnaround from a net loss of $175,718 in the same period last year[27]. - Adjusted EBITDA for the same period was $288,568 thousand, compared to an adjusted EBITDA loss of $151,567 thousand in November 2024[35]. - Core EBITDA margin increased to 14.9% for the three months ended November 30, 2025, up from 10.9% in the same period of 2024[35]. - Net sales reached $2,120,307 thousand for the three months ended November 30, 2025, compared to $1,909,602 thousand in the same period of 2024, reflecting a year-over-year increase of approximately 11%[35]. Acquisitions and Growth - CMC completed acquisitions of two precast businesses for over $2.5 billion, establishing a new growth platform in the precast concrete industry[4]. - CMC plans to deliver an estimated $165 million to $175 million of EBITDA contributions from the precast businesses in fiscal 2026[18]. Cash and Liquidity - Cash, cash equivalents, and restricted cash totaled $3.0 billion as of November 30, 2025, with available liquidity of nearly $1.9 billion[7]. - The company reported a cash and cash equivalents balance of $1,023,038 as of November 30, 2025, slightly down from $1,043,252 as of August 31, 2025[29]. - Cash and cash equivalents at the end of the period were $3,032,097 thousand, a substantial increase from $856,888 thousand at the end of November 2024[30]. - The company issued $2,000,000 thousand in long-term debt during the three months ended November 30, 2025, with net cash flows from financing activities totaling $1,900,079 thousand[30]. Debt and Financial Leverage - The company’s long-term debt increased to $3,305,262 as of November 30, 2025, up from $1,310,006 as of August 31, 2025, indicating a significant rise in financial leverage[29]. Market and Pricing - Steel products metal margins increased by $53 per ton sequentially, with average selling prices improving by over $145 per ton compared to early fiscal 2025[10]. - The average selling price per ton for steel products in North America increased to $939 in Q4 2025, compared to $812 in Q4 2024, marking a rise of 15.7%[25]. Regional Performance - The Europe Steel Group's adjusted EBITDA was $10.9 million, down from $25.8 million in the prior year, with an adjusted EBITDA margin of 4.4%[16]. - The Europe Steel Group reported net sales of $247,650 for the three months ended November 30, 2025, down from $263,294 in the previous quarter, indicating a decline of approximately 5%[26]. Cost and Expenses - The cost of goods sold for the three months ended November 30, 2025, was $1,713,169, compared to $1,601,722 in the same period last year, representing an increase of 6.9%[27]. - The company reported capital expenditures of $125,437 thousand for the three months ended November 30, 2025, compared to $118,187 thousand in the same period of 2024[30]. - Litigation expenses recorded for the three months ended November 30, 2024, were $350,000 thousand, which significantly impacted prior year earnings[35]. Methodology Changes - The company modified its method of calculating adjusted EBITDA to exclude unrealized gains and losses on undesignated commodity derivatives, providing a clearer view of operating performance[33]. Earnings Per Share - Adjusted earnings per diluted share for the three months ended November 30, 2025, were $1.84, compared to $0.76 in the same period of 2024[35].

Core Viewpoint - Commercial Metals Company (CMC) is expected to report a year-over-year improvement in revenues and earnings for the first quarter of fiscal 2026, with earnings anticipated to jump 99% year-over-year [1][2][6]. Financial Performance Expectations - The Zacks Consensus Estimate for CMC's fiscal first-quarter revenues is $2 billion, reflecting a 4.6% decrease from the previous year [1]. - The consensus estimate for earnings is $1.55 per share, which has increased by 2.6% over the past 60 days and indicates a year-over-year rise of 98.7% [2][6]. Earnings Surprise History - CMC has had mixed earnings surprises in the past four quarters, beating estimates once, matching once, and missing twice, with an average surprise of -6.3% [5]. Market Conditions and Performance Drivers - The company is facing challenges from a prolonged economic slowdown in the Western world and weaker-than-expected steel demand, particularly in Europe [10]. - Despite these challenges, CMC expects improved steel margins in North America due to price hikes offsetting rising scrap costs [6][12]. Strategic Acquisitions and Synergies - CMC has recently completed two significant acquisitions, positioning itself as a leading player in the Mid-Atlantic and Southeastern regions, with expected annual run-rate synergies of $25-$30 million from these acquisitions by year three [18][19]. Valuation and Stock Performance - CMC shares have increased by 56.1% over the past year, outperforming the industry average of 54.5% and the S&P 500's 21% [13]. - The company is currently trading at a forward price/sales ratio of 0.96, which is lower than the industry average of 1.59 [15]. Investment Considerations - Given the expected strong fiscal first-quarter results driven by improving conditions in Europe and demand in North America, along with favorable valuation and upward earnings estimate revisions, it may be a good time to consider investing in CMC [20].

Core Insights - Commercial Metals Company (CMC) reported strong financial results for the first quarter of fiscal 2026, achieving net earnings of $177.3 million, or $1.58 per diluted share, compared to a net loss of $175.7 million in the prior year period [2][5][23] - The company experienced significant year-over-year improvements in adjusted earnings, which reached $206.2 million, or $1.84 per diluted share, up from $86.9 million, or $0.76 per diluted share, in the previous year [3][5][23] - CMC's strategic initiatives, including the TAG program and recent acquisitions, are expected to enhance margins and earnings power, with a goal of achieving an annualized run-rate EBITDA benefit of $150 million by the end of fiscal 2026 [2][5][14] Financial Performance - First quarter net sales totaled $2.1 billion, a 11% increase from $1.9 billion in the prior year [5][23] - Consolidated core EBITDA for the first quarter was $316.9 million, reflecting a 52% increase year-over-year, with a core EBITDA margin of 14.9% [5][9][22] - The North America Steel Group's adjusted EBITDA increased by 57.9% to $293.9 million, driven by higher margins and operational improvements [9][22] Market Conditions - The domestic market environment for CMC's North America Steel Group and Construction Solutions Group remained stable, characterized by solid demand and expanding margins [2][7] - Steel product metal margins increased for the third consecutive quarter, reaching their highest level in nearly three years, with potential for further increases based on favorable market dynamics [2][8] - The Europe Steel Group faced modestly softened market conditions, with adjusted EBITDA declining to $10.9 million from $25.8 million in the prior year, impacted by lower average selling prices and margins [12][13] Strategic Initiatives - CMC successfully completed acquisitions of Concrete Pipe and Precast, LLC and Foley Products Company, establishing a new growth platform in the precast concrete industry with over $2.5 billion deployed [2][5][4] - The company launched several new operational and commercial initiatives under the TAG program, aimed at expanding margins and enhancing service value [2][5] - The Emerging Businesses Group has been renamed to Construction Solutions Group to better align with the strategic priorities of the segment [10][11] Outlook - CMC anticipates a modest decline in consolidated core EBITDA for the second quarter of fiscal 2026 due to seasonal slowdowns, but expects contributions from the newly acquired precast businesses to offset some of this impact [14] - The long-term outlook remains positive, with expectations of significant value creation for shareholders through strategic execution and operational excellence [14]

Earnings Report - Commercial Metals Company (NYSE: CMC) is set to release its earnings results for the first quarter on January 8, 2025, before the market opens [1] - Analysts project quarterly earnings of $1.54 per share, a significant increase from $0.78 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $2.05 billion, up from $1.91 billion a year earlier [1] Analyst Upgrade - Jefferies analyst Christopher LeFemina upgraded Commercial Metals from Hold to Buy and raised the price target from $70 to $78 [2] - The company currently offers an annual dividend yield of 0.97%, translating to a quarterly dividend of $0.18 per share, or $0.72 annually [2] Dividend Income Calculation - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 8,333 shares, equating to a total investment of about $621,725 [3] - For a more conservative monthly income goal of $100, an investor would need 1,667 shares, requiring an investment of approximately $124,375 [4] Dividend Yield Dynamics - The dividend yield can fluctuate based on changes in the stock price and dividend payments [4][5] - For instance, if a stock with a $2 annual dividend at a $50 price has a yield of 4%, an increase in price to $60 would reduce the yield to 3.33% [5] - Conversely, a decrease in stock price to $40 would increase the yield to 5% [5] Recent Stock Performance - Shares of Commercial Metals gained 2.6%, closing at $74.61 on Tuesday [6]

Core Viewpoint - Commercial Metals Company (CMC) is positioned strongly in the steel and metal industry, with upcoming quarterly earnings expected to show continued growth in both earnings per share and revenue [1][2][6] Financial Performance - Earnings per share (EPS) for the upcoming quarter is projected at $1.55, an increase from $1.54 in the same quarter last year, which was a significant rise from 78 cents per share the year before [2][6] - Revenue is expected to reach $2.05 billion, up from $1.91 billion a year earlier, indicating steady growth in sales [2][6] Dividend and Stock Performance - CMC declared a quarterly dividend of 18 cents per share, reflecting its commitment to returning value to shareholders [3][6] - The stock price increased by 1.3%, closing at $72.69, following the dividend announcement [3][6] Analyst Ratings and Valuation - Wells Fargo analyst Timna Tanners maintained an Overweight rating on CMC and raised the price target from $68 to $79, indicating confidence in the company's future performance [3] - The company has a P/E ratio of 98.42, suggesting high expectations for future growth, while the price-to-sales ratio is 1.06 and the enterprise value to sales ratio is 1.10, indicating a fair valuation relative to sales [4] Financial Health - CMC's debt-to-equity ratio stands at 0.32, indicating a low level of debt compared to equity, which reflects a solid financial position [5] - The current ratio of 2.78 demonstrates a strong ability to cover short-term liabilities with short-term assets, highlighting the company's solid liquidity position [5]

Commercial Metals Company (NYSE:CMC) will release earnings results for the first quarter, before the opening bell on Thursday, Jan. 8, 2025.Analysts expect the Irving, Texas-based company to report quarterly earnings at $1.54 per share, up from 78 cents per share in the year-ago period. The consensus estimate for Commercial Metals' quarterly revenue is $2.05 billion, up from $1.91 billion a year earlier, according to data from Benzinga Pro.On Jan. 5, CMC announced a quarterly dividend of 18 cents per share. ...

Commercial Metals Company (NYSE:CMC) will release earnings results for the first quarter, before the opening bell on Thursday, Jan. 8, 2025.Analysts expect the Irving, Texas-based company to report quarterly earnings at $1.54 per share, up from 78 cents per share in the year-ago period. The consensus estimate for Commercial Metals' quarterly revenue is $2.05 billion, up from $1.91 billion a year earlier, according to data from Benzinga Pro.On Jan. 5, CMC announced a quarterly dividend of 18 cents per share. ...

The Zacks Steel Producers industry is poised to benefit from an uptick in steel prices this year. A resilient non-residential construction market and recovering demand in the automotive space also act as tailwinds for the industry. Rising U.S. steel prices have created a favorable landscape for American steel producers. Tightened supply and higher end-market demand are expected to support steel prices. Players from the industry, such as ArcelorMittal S.A. (MT) , Steel Dynamics, Inc. (STLD) , Commercial Meta ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Commercial Metals (CMC) - CMC currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - The stock has shown a price increase of 0.77% over the past week, compared to a 0.8% increase in the Zacks Steel - Producers industry [5] - Over the last month, CMC's shares have increased by 7.37%, outperforming the industry's 4.67% [5] - In the last quarter, CMC shares have risen by 26.01%, and over the past year, they have gained 46.84%, while the S&P 500 has only increased by 2.39% and 18.18%, respectively [6] Trading Volume - CMC's average 20-day trading volume is 943,032 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for CMC have been revised upwards, increasing the consensus estimate from $5.81 to $7.05 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, CMC is positioned as a strong buy candidate with a Momentum Score of B [11]