Financial Performance - Q4 2025 net earnings reached $1518 million [15] - Q4 2025 adjusted earnings were $1550 million [15] - Q4 2025 core EBITDA was $2914 million with a 138% margin [15] - The company repurchased $500 million in shares during Q4 2025 [15] - FY 2025 Emerging Businesses Group (EBG) achieved record quarterly results driven by Tensar performance [14] - FY 2025 EBG adjusted EBITDA was $138 million, representing 15% of segment EBITDA [41] Strategic Initiatives and Growth - The company is targeting a $150 billion early-stage construction market for future growth [13, 16, 18] - The Transform, Advance, Grow (TAG) program is expected to generate over $150 million in annualized EBITDA benefit by the end of fiscal year 2026 [20] - The company announced pending acquisitions of Concrete Pipe & Precast (CP&P) and Foley Products Company (Foley), expected to close by the end of calendar year 2025 [3, 18] - The combined purchase price for Foley and CP&P is approximately $25 billion [70] - The acquisitions are expected to add approximately $250 million in annualized EBITDA with a ~34% EBITDA margin [22]

Financial Performance - Q3 Net Earnings reached $83.1 million[16] - Q3 Adjusted Earnings amounted to $84.4 million[16] - Q3 Core EBITDA was $204.1 million, with a Core EBITDA Margin of 10.1%[16] - Last 12 Months ROIC stood at 6.5%[16] Strategic Initiatives & Outlook - The company is executing a strategy to enhance its financial profile, exceeding targeted benefits from the Transform, Advance, Grow (TAG) program[15] - North American segment results improved sequentially, with steel product margins inflecting upward[15] - The company anticipates consolidated financial results in Q4 2025 to improve from Q3 levels, with higher margins over scrap on steel products in North America[41] Emerging Businesses Group (EBG) - EBG's L12M adjusted EBITDA was $130 million, with an EBITDA margin of 18%[37] - EBG contributed 15% of the company's total segment EBITDA[37] - Q3 net sales for EBG were up 4.7% year-over-year, while adjusted EBITDA increased by 7.0%[41] Europe Steel Group - Europe Steel Group exceeded breakeven performance during the quarter, with green shoots continuing to emerge[15] - Shipments for Europe Steel Group were up by 20.9% on a year-over-year basis[41]