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Nov 30, 2025
Commercial Metals Q1 2026 Earnings Report
Commercial Metals reported strong first quarter results, driven by operational execution, favorable market conditions, and contributions from recent acquisitions.
Key Takeaways
CMC delivered solid Q1 FY26 results with increased profitability, boosted by higher margins in the North America Steel Group and contributions from its TAG program and precast acquisitions.
Net income reached $177.3 million with diluted EPS of $1.58
Core EBITDA rose to $316.9 million with a 14.9% margin
Adjusted EPS came in at $1.84, excluding acquisition-related and hedge losses
Acquisitions of CP&P and Foley launched a new precast platform with $2.5B investment
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CMC expects Q2 FY26 core EBITDA to decline modestly due to seasonality, but sees strong full-year contributions from its precast acquisitions and stable steel margins.
Positive Outlook
- New precast acquisitions to contribute $165–175M in EBITDA over FY26
- Construction Solutions Group expected to improve sequentially
- Steel product margins expected to remain stable
- TAG program continues delivering cost and margin benefits
- Healthy backlog in North American construction markets
Challenges Ahead
- Normal seasonal volume slowdown expected in Q2
- Planned maintenance to impact North America Steel Group
- Acquisition-related costs will be recognized in Q2
- Europe segment expected to be breakeven in Q2
Historical Earnings Impact
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Avg. Return Before/After Earnings
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