CMC

National Steel SID reported a loss of 12 cents per share in the second quarter of 2026, missing the Zacks Consensus Estimate of breakeven. The company posted a loss of 2 cents in the year-ago quarter. Higher financial expenses tied to exchange-rate variation outweighed stronger operating performance. National Steel delivered solid top-line growth in the second quarter of 2026, benefiting from stronger commercial activity across its businesses and improving market conditions in the steel segment.Net revenues increased 5.7% year over year to R$11.31 billion ($2.237 billion). Domestic-market net revenues rose 14.7% year over year to R$6.22 billion ($1.19 billion), while foreign-market revenues declined 1.9% to R$5.09 billion ($0.98 billion). National Steel Company price-consensus-eps-surprise-chart | National Steel Company Quote Cost of goods sold increased 5.1% year over year to R$8.38 billion ($1.61 billion) as higher sales volumes and raw-material costs weighed on expenses. Gross profit increased 7.5% to R$2.93 billion ($0.56 billion), while the gross margin improved to 25.9% from 25.5%.Selling, general and administrative expenses increased 8% year over year to R$1.64 billion ($0.31 billion), reflecting higher freight expenses and the recovery in steel sales. National Steel posted a net loss of R$773.1 million ($148 million) in the second quarter of 2026. Adjusted EBITDA, however, increased 4.9% year over year to R$2.77 billion, while the adjusted EBITDA margin was 23.4% compared with 23.5%. Steel: The segment’s revenues totaled R$6.08 billion ($1.17 billion), up 12.7% year over year. Steel sales were 1,182 thousand tons, up 16.7% from 1,013 thousand tons in the second quarter of 2025. Adjusted EBITDA rose 9.5% year over year to R$636.3 million ($122.84 million).Mining: The segment’s adjusted net revenues totaled R$2.90 billion ($0.56 billion), down 14.9% year over year. Iron ore sales were 11,849 thousand tons, up 0.1% from 11,833 thousand tons in the prior-year quarter. Adjusted EBITDA fell 24% year over year to R$929.7 million ($179.48 million).Logistics: The segment’s net revenues were R$1.21 billion ($0.23 billion), up 3.1% year over year. Improved rail and multi-modal logistics performance supported the segment’s results. Adjusted EBITDA increased 5.6% to R$548.2 million ($105 million).Energy: The segment’s revenues surged 94.5% year over year to R$395.5 million ($76.35 million), aided by the retroactive recognition of revenues related to the Jacuí Hydroelectric Power Plant. Adjusted EBITDA increased 173% to R$246 million ($47.5 million).Cement: The segment’s revenues increased 14.3% year over year to R$1.39 billion ($0.27 billion), driven by price adjustments and resilient demand. Adjusted EBITDA jumped 45.5% year over year to a record R$426.9 million ($82.41 million). The free cash flow turned positive at R$808.1 million ($154 million), helped by working-capital release and funding transactions.Adjusted net debt as of June 30, 2026, was R$42.14 billion ($8.08 billion), with leverage at 3.49X compared with 3.36X in the prior quarter. Cash and cash equivalents totaled R$15.4 billion ($2.95 billion). National Steel’s shares have lost 32.4% in the past year against the industry’s 81.6% growth. Image Source: Zacks Investment Research SID currently carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today's Zacks #1 Rank stocks here. Nucor Corporation NUE reported adjusted earnings of $4.84 per share for the second quarter of 2026. The figure beat the Zacks Consensus Estimate of $4.57. On a reported basis, earnings were $5.04 per share, up from $2.60 in the year-ago quarter. Nucor recorded revenues of $10.4 billion, up 23% year over year. The figure beat the Zacks Consensus Estimate of $10.06 billion. ArcelorMittal S.A. MT recorded second-quarter 2026 earnings of 89 cents per share. This compares unfavorably with $2.34 per share in the year-ago quarter. Earnings missed the Zacks Consensus Estimate of $1.18. ArcelorMittal revenues increased around 5% year over year to $16.76 billion in the quarter. The figure missed the consensus estimate of $16.82 billion. Commercial Metals Company CMC reported adjusted earnings per share of $1.73 in third-quarter fiscal 2026 (ended May 31, 2026), beating the Zacks Consensus Estimate of $1.60 by 8.1%. The bottom line surged 147.1% from 70 cents in the year-ago quarter. Commercial Metals’ revenues in the reported quarter were $2.48 billion compared with $2.02 billion in the year-ago quarter. The reported figure beat the Zacks Consensus Estimate of $2.37 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report National Steel Company (SID) : Free Stock Analysis Report ArcelorMittal (MT) : Free Stock Analysis Report Nucor Corporation (NUE) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Shares of Carpenter Technology Corporation CRS gained 7% since reporting adjusted earnings of $3.23 per share for the fourth quarter of fiscal 2026 on July 30, beating the Zacks Consensus Estimate of $3.03 by 6.6%. Earnings rose 46.2% from $2.21 in the year-ago quarter.Net revenues increased 12.6% year over year to $851 million and topped the consensus estimate of $848 million by 0.4%. The upside reflected 22% higher shipment volume, stronger product mix, pricing realization and improved operating efficiency. Carpenter Technology Corporation price-consensus-eps-surprise-chart | Carpenter Technology Corporation Quote Aerospace and Defense remained the largest end market. CRS witnessed a year-over-year revenue increase of 17% in the Aerospace and Defense end-use market. Revenues in the Industrial and Consumer market rose 22%, while Transportation revenues increased 3%. The Medical end-use market’s revenues declined 30% and Energy revenues fell 12%. The cost of goods sold in the fourth quarter of fiscal 2026 increased 7.5% year over year to $582 million. Gross profit rose 25.7% to $269 million. The gross margin came in at 31.6% compared with 28.3% in the prior-year quarter.Adjusted operating income in the reported quarter was a record $207 million compared with $151.4 million in the year-ago quarter. The adjusted operating margin was 30.4% compared with 24.3% a year earlier. The Specialty Alloys Operations segment reported sales of $770.5 million compared with $674.1 million in the prior-year quarter. We predicted the segment’s sales to be $751 million. The upside was driven by productivity gains, pricing across long-term and transactional business, and improved mix. The segment sold 57,454 thousand pounds compared with 46,872 thousand pounds a year ago. The reported figure surpassed our estimate of 50,123 pounds. The segment posted an operating profit of $229.7 million, up 37.5% from $167 million in the year-ago quarter. Our estimate for the segment’s operating profit was $167 million.The Performance Engineered Products segment’s net sales increased 3.7% year over year to $108.5 million. The reported figure beat our estimate of $106 million. The segment sold 3,256 thousand pounds compared with 2,674 thousand pounds in the prior-year quarter. It was lower than our projection of 2,697 thousand pounds. It reported an operating profit of $7.1 million, down 39.3% from $11.7 million a year earlier, showing that higher volume did not translate into stronger segment profitability. Our estimate for the segment’s operating profit was $11.7 million. Carpenter Technology ended fiscal 2026 with cash and cash equivalents of $393 million compared with $315.5 million at the end of fiscal 2025. Long-term debt was $691 million at the end of fiscal 2026 compared with $695 million a year earlier. Cash flow from operating activities was $240 million in the quarter under review compared with $258 million in the prior-year quarter. The company reported adjusted earnings of $10.52 per share in fiscal 2026, missing the Zacks Consensus Estimate of $10.58. The company posted adjusted earnings of $7.42 in fiscal 2025.CRS revenues were $3.12 billion in fiscal 2026, down from $2.88 billion in the year-ago quarter. The top line came in line with the Zacks Consensus Estimate. For fiscal 2027, CRS expects operating income of $850-$880 million, indicating growth of 21-25% from that reported in fiscal 2026. The adjusted free cash flow is projected at $400-$430 million.For the first quarter of fiscal 2027, the company anticipates operating income of $195-$200 million. CRS also set a fiscal 2029 operating income target of $1.2-$1.3 billion, supported by demand, productivity, mix, pricing and expected contributions from its brownfield expansion. CRS currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Shares of the company have surged 121.7% in the past year compared with the industry’s growth of 96.8%. Image Source: Zacks Investment Research Commercial Metals Company CMC reported adjusted earnings per share of $1.73 in third-quarter fiscal 2026 (ended May 31, 2026), beating the Zacks Consensus Estimate of $1.60 by 8.1%. The bottom line surged 147.1% from 70 cents in the year-ago quarter. Commercial Metals’ revenues in the reported quarter were $2.48 billion compared with $2.02 billion in the year-ago quarter. The reported figure beat the Zacks Consensus Estimate of $2.37 billion. Metallus Inc. MTUS delivered second-quarter 2026earnings of 26 cents per share, in line with the Zacks Consensus Estimate. Metallus posted earnings of 2 cents in the year-ago quarter.Metallus posted revenues of $341 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate of $331 million. The company posted $305 million in the second quarter of 2025.NWPX Infrastructure, Inc. NWPX came out with second quarter 2026 earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.33. The company posted earnings of 91 cents a year ago. NWPX Infrastructure posted revenues of $159.5 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate of $155 million. The top line increased from the year-ago quarter’s $133 million. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report NWPX Infrastructure, Inc. (NWPX) : Free Stock Analysis Report Metallus Inc. (MTUS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The steelmaker is still losing money, but a leap in guidance and a coming contract reset convinced the market the profit recovery is finally real. Cleveland-Cliffs (CLF) surged 8.9% on Friday to close at $11.93, a second straight jump right after its second-quarter 2026 earnings landed the morning before and lifted the stock 16%. The odd part is what the company actually reported, because it lost money again. What the market bought was the forecast. Was This The Whole Steel Sector Moving? No. Over the same session the broad market was flat, with the S&P 500 up 0.1%, and the rest of the group moved only modestly. Nucor (NUE) and Steel Dynamics (STLD) each added 2.7% and RS rose 3.2%, a fraction of Cleveland-Cliffs' move. A rising steel-price tide would have carried all of them, and a broad basket of materials producers would have looked ordinary. This was one company's news, and the news was its own numbers. Why Cheer A Quarter That Lost Money? On paper the results were red. Revenue was $5.2 billion, up $300 million from the first quarter of 2026, yet the company still posted a GAAP net loss of $134 million, an adjusted net loss of $115 million, and a loss of $0.25 per share. Its net margin remains in the red at negative 4.6% over the trailing twelve months, versus a 1.8% profit peak over the past three years. The pull is the trend underneath, because adjusted EBITDA reached $286 million, its best in 2 years and roughly triple the first-quarter figure. Buyers treated the loss as the tail of a downturn rather than the shape of the business. What Is The Market Really Paying Up For? The forecast, almost entirely. Management guided adjusted EBITDA of about $575 million for Q3 2026, which would be its strongest in 3 years, and said Q4 2026 should top even that. It expects automotive shipments, already at their highest in 2 years, to keep climbing, and it flagged a reset of expiring fixed-price contracts that it estimates is worth about $500 million a year in added EBITDA. On that arithmetic it aims to cut leverage below 2.5 times within about a year. None of it has been earned yet, and all of it is the company's own projection. So Should You Chase A Two-Day Run? Be honest about what you would be buying, which is a stock repriced on figures that have not happened. The results in hand are still losses, and the quarter's return to positive free cash flow leaned on a build in payables that management tied to higher raw material and maintenance costs, so the cash came from working capital rather than from profit. At $11.93 the stock sits roughly midway between its $7.82 low and $16.18 high over the past year, leaving real room if the guide lands and real air beneath it if the next report slips. The one thing worth watching is whether the Q3 2026 numbers actually deliver the $575 million management promised, which is exactly the test behind a screen of companies whose guidance keeps marching higher. A Guided Turnaround Is Still A Promise Nothing here says the recovery is fake. The order book is full, pricing is climbing, and the guide may well land. But a stock that can jump 16% and then another 8.9% on two days of forward numbers can hand it all back just as fast if a single quarter comes up short, and this one was still losing money in the very results that sparked the rally. Owning that swing is a wager on management hitting its own targets on schedule. A rules-based basket such as the Trefis High Quality Portfolio spreads that bet across quality names and re-balances by rule rather than on one company's guide. It has a track record of outpacing a benchmark that combines the three major indices - the S&P 500, S&P Mid-cap, and Russell 2000.

In late June 2026, Commercial Metals Company reported third-quarter sales of US$2,483.25 million and net income of US$173.02 million, alongside an affirmed US$0.20 quarterly dividend and completion of a multi-year US$721.11 million share repurchase program. Around the same time, CMC was added to several Russell Growth benchmarks, a move that can increase visibility among institutional investors and passive funds. With these stronger-than-expected quarterly results, we will now examine how CMC’s recent earnings beat may influence its investment narrative. We've uncovered the 8 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. To own Commercial Metals today, you need to believe it can turn volatile construction and steel cycles into consistent cash generation while managing cost inflation, new capacity, and debt. The latest earnings beat and index additions may support near term attention on earnings resilience, but they do not materially change the key catalyst of sustaining margins in a choppy construction market, nor the biggest risk around demand softness and competitive rebar supply pressuring pricing. The most relevant announcement here is CMC’s strong third quarter results, with US$2,483.25 million in sales and US$173.02 million in net income, which exceeded analyst expectations. This print spotlights how CMC is currently executing against those margin and demand risks, and may influence how investors weigh upcoming data on construction activity and capacity additions as the next test of the story. Yet behind the stronger quarter, investors should be aware of how global steel overcapacity and pricing pressure could... Read the full narrative on Commercial Metals (it's free!) Commercial Metals’ narrative projects $10.5 billion revenue and $714.6 million earnings by 2029. Uncover how Commercial Metals' forecasts yield a $80.55 fair value, a 16% upside to its current price. Some of the most optimistic analysts were already modeling revenue of about US$10.6 billion and earnings near US$733 million by 2029, so this earnings beat and index inclusion could either reinforce that bullish cost and growth story or prompt a rethink. You can use these differing views to test your own assumptions and see which version of CMC’s future you find more realistic. Explore 4 other fair value estimates on Commercial Metals - why the stock might be worth just $68.00! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your Commercial Metals research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision. Our free Commercial Metals research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Commercial Metals' overall financial health at a glance. Opportunities like this don't last. These are today's most promising picks. Check them out now: AI is about to change healthcare. These 40 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. The future of work is here. Discover the 29 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. Uncover the next big thing with 21 elite penny stocks that balance risk and reward. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CMC. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Commercial Metals Company CMC reported adjusted earnings per share of $1.73 in third-quarter fiscal 2026 (ended May 31, 2026), beating the Zacks Consensus Estimate of $1.60 by 8.1%. The bottom line surged 147.1% from 70 cents in the year-ago quarter. Net revenues in the reported quarter were $2.48 billion compared with $2.02 billion in the year-ago quarter. The reported figure beat the Zacks Consensus Estimate of $2.37 billion. The cost of goods sold in the quarter rose 17.9% year over year to $2.03 billion. Core EBITDA surged 78.6% year over year to $353.6 million during this period. The core EBITDA margin expanded 440 basis points year over year to 14.2%, aided by metal margin expansion, contributions from the recently acquired precast businesses and an improved Europe Steel Group performance. Commercial Metals Company price-consensus-eps-surprise-chart | Commercial Metals Company Quote The North America Steel Group segment generated net revenues of $1.79 billion in the fiscal third quarter compared with $1.56 billion in the year-ago quarter. We expected net revenues of $1.67 billion in the quarter. The segment registered an adjusted EBITDA of around $253 million compared with $180 million in the year-ago quarter. Our model predicted an adjusted EBITDA of $262 million. The North America Steel Group segment benefited from higher margins over scrap costs and gains from the Transform, Advance, Grow program. However, finished steel products shipments declined 1.7% year over year due to planned downtime, heavy rainfall that curbed construction activity in select markets and greater focus on value over volume. The Europe Steel Group segment’s revenues were $291 million, up 17.6% from the year-ago quarter. Our model predicted net revenues of $280 million. The adjusted EBITDA was $34.7 million in the fiscal third quarter compared with $3.6 million in the year-ago quarter. We expected an adjusted EBITDA of $5 million for the quarter. The segment benefited from a $20.4-million CO2 credit and improved market conditions. The Construction Solutions Group segment generated net revenues of around $395 million in the fiscal third quarter compared with $197 million in the year-ago quarter. Our model predicted net revenues of $335 million. The segment registered an adjusted EBITDA of $97 million compared with $41 million in the year-ago quarter. We expected an adjusted EBITDA of $92 million for the quarter. The recently acquired precast businesses contributed $175.7 million to the Construction Solutions Group segment’s revenues and $52.9 million to adjusted EBITDA. As of May 31, 2026, cash, cash equivalents and restricted cash totaled $0.56 billion compared with $1 billion at the end of fiscal 2025. The company’s long-term debt was $3.31 billion at the end of the fiscal third quarter. Cash generated from operating activities for the nine months ended May 31, 2026, was $603 million compared with $400 million in the year-ago period. On June 24, the company declared a quarterly dividend of 20 cents per share. The dividend will be paid out on July 15 to shareholders of record as of July 6, 2026. For the fourth quarter of fiscal 2026, CMC expects core EBITDA to increase sequentially. The outlook reflects healthy domestic demand, strong backlogs and ongoing benefits from strategic initiatives. North America Steel Group’s adjusted EBITDA is expected to improve, helped by the absence of a $20-million fiscal third-quarter mill outage headwind, and the benefits of volume growth and margin expansion. Construction Solutions Group’s adjusted EBITDA is projected to grow in the mid-teens, while Europe Steel Group’s performance is expected to be modestly higher, excluding CO2 credits. The company’s shares have gained 49.3% in the past year compared with the industry’s 74.8% surge. Image Source: Zacks Investment Research ArcelorMittal S.A. MT is expected to release second-quarter 2026 results soon. The Zacks Consensus Estimate for ArcelorMittal’s EPS is pegged at $1.25 for the fiscal second quarter, suggesting a dip from the $1.32 reported in the year-ago period. For total revenues, the Zacks Consensus Estimate is pinned at $16.94 billion, indicating a year-over-year increase of 6.3%. Commercial Metals currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the basic materials space are Albemarle Corporation ALB and Avino Silver & Gold Mines Ltd. ASM. ALB and ASM carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Albemarle has an average trailing four-quarter earnings surprise of 74.5%. The Zacks Consensus Estimate for the company’s 2026 earnings is pegged at $12.45 per share, indicating year-over-year growth from a loss of 79 cents. ALB shares have skyrocketed 124% so far this year. Avino Silver has an average trailing four-quarter earnings surprise of 125%. The Zacks Consensus Estimate for Avino Silver’s 2026 earnings is pegged at 39 cents per share, indicating 34.5% year-over-year growth. Its shares have surged 62.7% in a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commercial Metals Company (CMC) : Free Stock Analysis Report ArcelorMittal (MT) : Free Stock Analysis Report Albemarle Corporation (ALB) : Free Stock Analysis Report Avino Silver (ASM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Commercial Metals Company CMC used its third-quarter fiscal 2026 call to argue that reported strength still understated the business. Management pointed to temporary outages, weather disruptions and scrap-cost pressure that held back an even better quarter.The more important message for investors was forward-looking. Executives said those issues have started to reverse, while backlog, pricing and integration trends support a stronger fiscal fourth quarter. Commercial Metals reported adjusted earnings per share of $1.73, which beat the Zacks Consensus Estimate of $1.60, delivering a surprise of 8.1%. Third-quarter revenues were $2.48 billion, which also surpassed the Zacks Consensus Estimate of $2.37 billion by 4.9%. Commercial Metals Company price-consensus-eps-surprise-chart | Commercial Metals Company Quote President and CEO Peter Matt said the quarter reflected solid execution against the company’s strategic plan, but he stressed that results were dampened by temporary issues rather than a change in underlying demand. He tied the longer-term story to structurally higher margins, lower earnings volatility and a broader construction solutions footprint.That framing mattered because management was not pitching the quarter as a peak. Instead, it positioned third-quarter performance as a transition point, with improving steel margins, better operating reliability and acquired precast assets beginning to add meaningfully to the earnings mix. The North America Steel Group remained the central talking point. Adjusted EBITDA in the segment rose 41% year over year to $253.5 million, but it slipped sequentially as planned maintenance outages at seven of 10 mills, poor weather, and a lag between rising scrap costs and price increases weighed on results.In the Q&A, a Goldman Sachs analyst pressed management on the bridge to a better fourth quarter. CFO Paul Lawrence said outages cost about $20 million and volume-related effects from weather, inventory tightness and commercial discipline cost roughly another $10 million. He added that those issues should reverse in the current quarter.Matt also sounded firm on pricing. He said the recently announced steel price increases are taking hold and that CMC is not chasing discounting in the market. The company expects higher realized prices and improved metal margins in the fourth quarter, supported by healthy demand and major project activity. Commercial Metals’ Construction Solutions Group delivered one of the clearest strategic signals on the call. Net sales nearly doubled year over year to $394.6 million, and adjusted EBITDA increased 138% to $97.4 million, helped by $175.7 million of revenues and $52.9 million of EBITDA from the recently acquired precast businesses.Management acknowledged that precast volumes were light in the quarter because shipment timing slipped by about two weeks and wet weather in the Southeast delayed deliveries. Still, Matt said the backlog reached a record level, and project releases have started to normalize heading into the fiscal fourth quarter.That explains why CMC maintained its fiscal 2026 precast EBITDA outlook of $165 million to $175 million despite the third-quarter shortfall. Management also reiterated that the acquisitions are on plan operationally and commercially, with early lead sharing and network benefits already emerging. CMC’s other margin lever remains its Transform, Advance, Grow program. Matt said the initiative is tracking well ahead of its targeted $150 million run-rate annualized benefit for fiscal 2026, with most gains so far coming from operational improvements such as scrap optimization, yield and logistics.He used the Q&A to highlight a second phase of opportunity in commercial excellence. That includes cutting pricing leakage, deploying better tools and using the broader steel and precast platform to get involved earlier on large projects where CMC can influence design and capture more value.Europe added another support point. The Europe Steel Group posted adjusted EBITDA of $34.7 million, aided by a $20.4 million CO2 credit and better market conditions. Management said CBAM, tighter EU safeguards and improving pricing are creating a more constructive supply-demand setup there. Capital allocation also drew scrutiny. Net leverage adjusted for acquisitions ended the quarter at 2.1x, and management said it remains confident in reaching below 2x by mid-2027 or sooner. Liquidity stood near $1.8 billion.Matt said 2x leverage is the threshold that would reopen both larger shareholder returns and new growth opportunities. At the same time, he made clear that CMC wants more progress in integrating the two precast acquisitions before considering another sizable deal.Lawrence added that fiscal 2027 capital spending should drop sharply as the West Virginia micro mill nears completion, setting up a stronger free cash flow profile. Management does not expect more mill investments, with future organic spending aimed at smaller, higher-return projects. The clearest read-through from the call was management’s confidence in the near-term setup. CMC expects a meaningful sequential increase in fourth-quarter core EBITDA, including about a $40 million benefit in North America from the end of outage impacts and from better volume and margins, plus mid-teens EBITDA growth in Construction Solutions.Analyst questions focused on supply additions in rebar, imports, precast execution and Europe. Matt’s answers were notably direct, especially on market discipline, where he said CMC will prioritize value over volume and use trade remedies to defend the domestic market.Taken together, management presented a company leaning into a more diversified earnings model. The tone was not built around a single quarter’s beat, but around improving margins, more stable end markets and a portfolio that management believes can generate stronger cash and lower volatility over time. CMC carries a Zacks Rank #3 (Hold), alongside a Value Score of B, Growth Score of A, Momentum Score of A and VGM Score of A. In Zacks terms, the strongest combinations generally pair a Zacks Rank #1 (Strong Buy) or 2 (Buy) with Style Scores of A or B, while a Zacks Rank #3 can still be held when the score profile remains favorable. You can see the complete list of today’s Zacks #1 Rank stocks here.The current mix points to attractive style characteristics across value, growth and momentum, but the Zacks Rank remains the primary signal in the framework. That rank can change as earnings estimate revisions move after the quarter, so the post-report revision trend remains the key factor to watch. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commercial Metals Company (CMC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Third quarter net earnings of $173.0 million, or $1.55 per diluted share and adjusted earnings of $193.0 million, or $1.73 per diluted share Consolidated core EBITDA increased 78.6% year-over-year to $353.6 million due to strong market conditions, increasing benefits from Transform, Advance, Grow ("TAG") initiatives, and the contribution of the recently acquired precast businesses Consolidated core EBITDA margin of 14.2% increased by 440 basis points compared to the prior year period Reduced net leverage; clear visibility to IRVING, Texas, June 25, 2026 /PRNewswire/ -- CMC (NYSE: CMC) (the "Company") today announced financial results for its fiscal third quarter ended May 31, 2026. CEO Commentary"During our fiscal third quarter, we continued to make great progress on our strategic agenda across a number of fronts," said Peter Matt, President and Chief Executive Officer. "We substantially grew Core EBITDA, and made meaningful progress deleveraging our balance sheet. Our early-stage construction portfolio is benefiting from solid demand, along with strong booking and backlogs at attractive prices. The commercial and operating rigor that define CMC, together with the growing benefits of our TAG program, position the Company to deliver strong results in the fourth quarter and beyond." Third Quarter Operational and Financial Highlights For the third quarter of fiscal 2026, the Company reported consolidated net earnings of $173.0 million or $1.55 per diluted share, adjusted earnings were $193.0 million, or $1.73 per diluted share, an increase of 147.1% on a per-share basis versus the comparable prior year period. Consolidated core EBITDA for the fiscal third quarter increased 78.6% year-over-year to $353.6 million with all segments delivering significant adjusted EBITDA growth relative to the prior year period. Consolidated core EBITDA margins expanded to 14.2%, up 440 basis points year-over-year due to metal margin expansion, a $52.9 million contribution from the recent precast acquisitions, as well as improved Europe Steel Group performance. Relative to the fiscal second quarter, significant improvement from the Construction Solutions Group ("CSG") and Europe Steel Group, more than offset headwinds in the North America Steel Group adjusted EBITDA. Core EBITDA margins expanded 20 basis points sequentially.1 Business Segments - Fiscal Third Quarter 2026 Review North America Steel GroupThird quarter North America Steel Group adjusted EBITDA was $253.5 million, an increase of 41% year-over-year driven by higher margins over scrap costs and benefits from CMC's TAG program. Metal margins increased $111 per ton, with average selling price for steel products increasing $130 per ton, while scrap costs were up only $19 per ton over the same timeframe. As a result, adjusted EBITDA margin was 14.2%, up from 11.5% in the prior year period. Finished goods shipment volumes for the North America Steel Group decreased 1.7% versus the prior year due to temporary inventory constraints related to the planned downtime, several lost shipping days due to heavy rainfall, which curtailed construction activity in certain markets, and increased commercial discipline in focusing on value over volume. Despite these headwinds in the third quarter, underlying demand remains solid. The project pipeline continues to grow, supported by public infrastructure spending, as well as mega-projects investments across data centers, semiconductors, and ongoing energy-related build outs, all of which are contributing to a healthy backlog. Downstream backlog volumes remained elevated above historical averages, with third quarter booking pricing increasing 15.5% versus the prior year period. On a sequential basis, segment profitability moderated due to a combination of three factors. First, planned maintenance outages across a number of mill operations increased costs and impacted shipments. Second, construction activity in key markets, including Texas was curtailed by heavy rainfall. Finally, the timing of price increases temporarily lagged fuel-driven scrap cost increases. These factors impacting third quarter results have proven temporary. Margins on steel products compressed by $13 per ton sequentially, as the average selling price increase for steel products of $15 per ton was more than offset by a $28 per ton increase in scrap costs over the same time period. Construction Solutions GroupCSG third quarter net sales doubled year-over-year to $394.6 million, while adjusted EBITDA of $97.4 million was up 138.1% year-over-year. Sales and adjusted EBITDA growth was fueled by the inclusion of CMC's precast acquisitions, which contributed $175.7 million to segment revenue and $52.9 million to segment adjusted EBITDA during the quarter, as well as a strong quarter for Tensar. Adjusted EBITDA margin of 24.7% was up 400 basis points relative to the prior year period. Precast shipments experienced some weakness in select southeast markets in part driven by unfavorable weather conditions that led to delays. These conditions have started to normalize in the fiscal fourth quarter. Moreover, robust precast bidding activity, recent bookings, and strong backlogs supports solid performance in the fourth quarter. Tensar profitability accelerated year-over-year due to the strong demand environment and cost control actions. Performance for the other businesses within the CSG was stable relative to the year-ago period. Europe Steel GroupFor the third quarter, Europe Steel Group generated adjusted EBITDA of $34.7 million, up from $3.6 million in the prior-year period, benefiting from the receipt of a $20.4 million CO₂ credit and improved market conditions. Metal margin expanded by $37 per ton year-over-year as average selling price increased $34 per ton and scrap costs decreased by $3 per ton. Adjusted EBITDA margin expanded to 11.9%, up from 1.5% in the year-ago period. More constructive trade policy is beginning to support market conditions in Europe. As expected, the EU Carbon Border Adjustment Mechanism ("CBAM"), implemented earlier this year, has strengthened domestic demand, with third quarter total steel shipments increasing 41.2% sequentially. Looking ahead, the combination of CBAM and improved EU trade measures effective July 1, 2026 and increased infrastructure spending in key markets is expected to support an improved operating and margin environment for the Europe Steel Group. Balance Sheet & Capital AllocationAs of May 31, 2026, cash, cash equivalents and restricted cash totaled $563.2 million and available liquidity was nearly $1.8 billion. Net leverage adjusted for acquisitions2 ended the quarter at 2.1x reflecting strong cash generation and balance sheet discipline. During the quarter, CMC repurchased 283,335 shares of common stock valued at $18.9 million in the aggregate. As of May 31, 2026, $128.9 million remained available under the current share repurchase authorization. On June 24, 2026, the board of directors declared a quarterly dividend of $0.20 per share of CMC common stock payable to stockholders of record on July 6, 2026. The dividend, to be paid on July 15, 2026, will mark the 247th consecutive quarterly payment by the Company. OutlookMr. Matt added, "Looking to the fourth quarter, supported by favorable market conditions, robust backlogs, and our strategic initiatives currently underway, we are well positioned to finish fiscal 2026 on very strong footing. We look forward to providing additional updates on our long-term strategy, operations, and financial performance at our upcoming Investor Day in August." For the fourth quarter of fiscal 2026, core EBITDA is expected to increase sequentially driven primarily by the following factors: Healthy domestic demand conditions and strong backlogs Stronger North America Steel Group adjusted EBITDA, reflecting the absence of the $20 million third quarter mill outage headwind, along with a similarly sized benefit expected from the combination of volume growth and margin expansion Mid-teens adjusted EBITDA growth in the Construction Solutions Group driven by the contribution from the precast acquisitions and underlying momentum in the rest of the business Modestly higher adjusted EBITDA performance in the Europe Steel Group, excluding impacts from CO₂ credits Investor DayCMC previously announced it will host an Investor Day on August 5, 2026 to provide updates on its strategy, operations, and long-term growth outlook. The event will be webcast live via the Investor Relations section of CMC's website at www.cmc.com. Investors and other interested parties are invited to join the virtual event by registering in advance at the Investor Day section of ir.cmc.com. A replay of the webcast and accompanying materials will be available following the event. Conference CallCMC invites you to listen to a live broadcast of its third quarter fiscal 2026 conference call today, Thursday, June 25, 2026 at 11:00 a.m. ET. Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer, will host the call. The call is accessible via our website at www.cmc.com. In the event you are unable to listen to the live broadcast, the call will be archived and available for replay on our website on the next business day. Financial and statistical information presented in the broadcast are located on CMC's website under "Investors." About CMCCMC is a Fortune 500 company headquartered in Irving, Texas, and a leading provider of early-stage construction solutions that support the foundational phases of modern infrastructure and building projects. Founded in 1915, CMC has grown from a single-site recycling operation to one of the largest U.S. manufacturers of steel reinforcing bar ("rebar"), a leading producer of subgrade soil stabilization and foundation enhancement solutions and a major supplier of concrete pipe and precast products. Through an extensive manufacturing network primarily located in the United States and Central Europe, with strategic operations in the United Kingdom, Europe and Asia, CMC serves infrastructure, non-residential, residential, industrial and energy markets. While often unseen, CMC's products are essential to highways, bridges, airports, commercial buildings and other critical structures that support everyday life. Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of the federal securities laws with respect to the expected performance of our recently acquired precast platform, general economic conditions, key macro-economic drivers that impact our business, the effects of ongoing trade actions, the effects of continued pressure on the liquidity of our customers, potential synergies and growth provided by acquisitions and strategic investments, demand for our products, shipment volumes, metal margins, backlog volumes, the ability to operate our steel mills at full capacity, particularly during periods of domestic mill start-ups, the future availability and cost of supplies of raw materials and energy for our operations, growth rates in certain reportable segments, product margins within our CSG segment, share repurchases, legal proceedings, construction activity, international trade, the impact of geopolitical conditions, the effects of CBAM and other EU trade measures on European demand and pricing, capital expenditures, tax credits, the timing, amount and recurrence of CO2 or emissions-related credits. our liquidity and our ability to satisfy future liquidity requirements, our ability to achieve our stated deleveraging target within the anticipated timeframe, estimated contractual obligations, the expected capabilities and benefits of new facilities, the anticipated benefits and timeline for execution of our growth plan and initiatives, including our TAG operational and commercial excellence program, and our expectations or beliefs concerning future events. The statements in this release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "expects," "anticipates," "believes," "estimates," "intends," "may," "plans to," "ought," "could," "will," "should," "likely," "appears," "projects," "forecasts," "outlook" or other similar words or phrases, as well as by discussions of strategy, plans or intentions. The Company's forward-looking statements are based on management's expectations and beliefs as of the time this news release was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the U.S. Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2025, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of additional steelmaking capacity expected to come online from a number of ongoing electric arc furnace projects in the U.S.; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance ("ESG") matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers' abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots. COMMERCIAL METALS COMPANYNON-GAAP FINANCIAL MEASURES (UNAUDITED) This press release contains financial measures not derived in accordance with U.S. generally accepted accounting principles ("GAAP"). Reconciliations to the most comparable GAAP measure are provided below. Adjusted EBITDA, core EBITDA, core EBITDA margin and adjusted earnings are non-GAAP financial measures. Adjusted earnings per diluted share is defined as adjusted earnings on a diluted per share basis. Core EBITDA margin is defined as core EBITDA divided by net sales. The adjustment "Settlement of New Markets Tax Credit transactions" represents the recognition of deferred revenue from 2016 and 2017 resulting from the Company's participation in the New Markets Tax Credit program provided for in the Community Renewal Tax Relief Act of 2000 during the development of a micro mill, spooler and T-post shop located in eligible zones as determined by the Internal Revenue Service. The adjustment "Litigation expense" represents a provision recorded in the three months ended November 30, 2024 related to the judgment in the Pacific Steel Group litigation and, with respect to subsequent periods, primarily represents interest expense on the judgment amount. The adjustments "Acquisition and integration related costs" and "Acquisition, integration and financing related costs" represent nonrecurring fees associated with the Foley Products Company, LLC ("Foley") and Concrete Pipe and Precast, LLC ("CP&P") acquisitions. The adjustment "Purchase accounting effect on inventory" represents a one time fair value adjustment on inventory associated with the Foley and CP&P acquisitions. The adjustment "Amortization of acquired contract backlog" represents the amortization of the intangible contract backlog from the Foley and CP&P acquisitions. Non-GAAP financial measures should be viewed in addition to, and not as alternatives to, the most directly comparable measures derived in accordance with GAAP and may not be comparable to similar measures presented by other companies. However, we believe that the non-GAAP financial measures provide relevant and useful information to management, investors, analysts, creditors and other interested parties in our industry as they allow: (i) comparison of our earnings to those of our competitors; (ii) a supplemental measure of our underlying business operational performance; and (iii) the assessment of period-to-period performance trends. Management uses non-GAAP financial measures to evaluate financial performance. We have not reconciled the forward-looking estimates of TAG-related EBITDA benefits to comparable GAAP measures because applicable information for future periods, on which these reconciliations would be based, is not readily available due to uncertainty regarding, and the potential variability of metal margins, U.S. trade policy, cost levels of key production inputs, construction activity and related product demand, etc. Accordingly, reconciliations of the forward-looking estimates of TAG-related EBITDA benefits to net earnings are not available at this time without unreasonable effort. A reconciliation of net earnings (loss) to adjusted EBITDA and core EBITDA is provided below: A reconciliation of net earnings (loss) to adjusted earnings is provided below: View original content to download multimedia:https://www.prnewswire.com/news-releases/cmc-reports-third-quarter-of-fiscal-2026-results-302810010.html

This article first appeared on GuruFocus. Core EBITDA: Increased 78.6% year over year to $353.6 million. Core EBITDA Margin: Expanded to 14.2%. Net Earnings: Reported at $173 million, or $1.55 per diluted share. Adjusted Earnings: Increased 142.4% year over year to $193 million, or $1.73 per diluted share. North America Steel Group Adjusted EBITDA: Up 41% year over year to $253.5 million. Construction Solutions Group Net Sales: Nearly doubled year over year to $394.6 million. Construction Solutions Group Adjusted EBITDA: Increased by 138% to $97.4 million. Europe Steel Group Adjusted EBITDA: $34.7 million, with a $20.4 million CO2 credit. Capital Spending: Anticipated at approximately $550 million for fiscal 2026. Effective Tax Rate: 8.4% for the third quarter, with expectations of 7% to 9% for fiscal 2026. Total Liquidity: Nearly $1.8 billion. Warning! GuruFocus has detected 6 Warning Signs with CMC. Is CMC fairly valued? Test your thesis with our free DCF calculator. Release Date: June 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Commercial Metals Co (NYSE:CMC) reported a significant year-over-year increase in core EBITDA by 78.6% to $353.6 million, with a core EBITDA margin expansion to 14.2%. The company is ahead of its targeted $150 million run-rate annualized benefits for fiscal 2026 through its Transform, Advance and Grow (TAG) program. CMC's integration of recent precast acquisitions is progressing well, with early operational and commercial benefits and strong alignment between teams. The Arizona 2 micro mill achieved over 75% capacity utilization, indicating improved operating performance and reliability. CMC maintains significant financial flexibility with total liquidity of nearly $1.8 billion and no near-term refinancing requirements, supporting strategic growth investments and shareholder returns. The North America Steel Group's third-quarter performance was negatively impacted by planned maintenance outages at 7 of 10 mills, costing approximately $20 million. Unexpected strength in scrap costs, driven by war-related higher fuel costs, squeezed metal margins. Weather-related disruptions curtailed construction activity in key markets, including Texas, affecting customer consumption of rebar. The precast business experienced regional softness and weather-related shipment delays, resulting in performance below expectations for the third quarter. The company faces challenges from elevated imports, particularly from South Korea, which could impact the supply-demand balance in the US rebar market. Q: Can you quantify the impact of maintenance outages and other factors on North America's Q3 results, and does the Q4 guidance imply a $40 million sequential increase in EBITDA? A: The maintenance outages at 7 of our 10 mills cost around $20 million. Weather impacts and lower inventory cost about $10 million. These are temporary issues expected to reverse in Q4. We anticipate a $40 million improvement in North America Steel Group's EBITDA in Q4. Overall, we expect a $40 million to $50 million improvement in our results for Q4. - Paul Lawrence, CFO Q: How confident are you in achieving the full-year precast EBITDA outlook of $165 million to $175 million, given the Q3 performance? A: We are confident in reaching our goal due to strong backlog levels and normalization of weather conditions. The integration of our precast acquisitions is progressing well, and we see significant long-term benefits in terms of increased margins and reduced earnings volatility. - Peter Matt, CEO Q: With the potential for interest rate hikes, are you seeing any changes in project awards or supply-demand balance in the US rebar market? A: Infrastructure demand remains robust, and we expect imports to decrease in the second half. We are pursuing remedies to ensure fair trade, and recent trade actions have effectively reduced unfairly traded imports. We are confident in maintaining a balanced supply-demand dynamic. - Peter Matt, CEO Q: Can you provide updates on the Arizona 2 and West Virginia micro mills? A: Arizona 2 is operating at 75% capacity, with full utilization expected this year. West Virginia is on budget and set to start later this summer, with a 12-month ramp-up expected. Both projects are progressing well and will enhance our network's efficiency. - Peter Matt, CEO Q: How are you approaching capital allocation with leverage targets likely to be met ahead of schedule? A: Upon reaching our 2 times leverage target, we will consider new growth opportunities and increase shareholder distributions. We aim to grow our precast business and focus on organic growth projects that improve margins and returns. - Peter Matt, CEO Q: What are your expectations for raw materials and metal margins in Q4, given the recent increase in scrap costs? A: We expect scrap costs to remain stable for the rest of the fiscal year. Maintenance costs from Q3 will not continue into Q4, and we anticipate stable costs overall, with improvements driven by our TAG initiatives. - Paul Lawrence, CFO Q: Can you discuss the success and future opportunities of the TAG program? A: TAG has delivered significant operational benefits, particularly in scrap optimization and yield improvements. We see substantial opportunities in commercial excellence, including reducing price leakage and deploying AI tools to enhance decision-making. - Peter Matt, CEO Q: How do you view the European market's tailwinds, and what is the impact of energy costs? A: We are optimistic about Europe's market due to regulatory measures like CBAM and reduced import quotas. Energy costs have remained stable, and we are hedged against sudden shocks. We expect continued demand strength in Poland. - Peter Matt, CEO and Paul Lawrence, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Commercial Metals (CMC) came out with quarterly earnings of $1.73 per share, beating the Zacks Consensus Estimate of $1.6 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.13%. A quarter ago, it was expected that this manufacturer and recycler of steel and metal products would post earnings of $1.28 per share when it actually produced earnings of $1.16, delivering a surprise of -9.38%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Commercial Metals, which belongs to the Zacks Steel - Producers industry, posted revenues of $2.48 billion for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 4.88%. This compares to year-ago revenues of $2.02 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Commercial Metals shares have added about 3% since the beginning of the year versus the S&P 500's gain of 7.5%. While Commercial Metals has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Commercial Metals was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.87 on $2.47 billion in revenues for the coming quarter and $6.56 on $9.1 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Steel - Producers is currently in the top 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Steel Dynamics (STLD), another stock in the same industry, has yet to report results for the quarter ended June 2026. This steel producer and metals recycler is expected to post quarterly earnings of $3.66 per share in its upcoming report, which represents a year-over-year change of +82.1%. The consensus EPS estimate for the quarter has been revised 11.5% lower over the last 30 days to the current level. Steel Dynamics' revenues are expected to be $5.46 billion, up 19.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commercial Metals Company (CMC) : Free Stock Analysis Report Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

For the quarter ended May 2026, Commercial Metals (CMC) reported revenue of $2.48 billion, up 22.9% over the same period last year. EPS came in at $1.73, compared to $0.74 in the year-ago quarter. The reported revenue represents a surprise of +4.88% over the Zacks Consensus Estimate of $2.37 billion. With the consensus EPS estimate being $1.60, the EPS surprise was +8.13%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Commercial Metals performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: North America - Average selling price (per ton) - Raw materials: $873.00 versus the three-analyst average estimate of $987.93. Europe - Steel products metal margin per ton: $330.00 compared to the $316.21 average estimate based on three analysts. North America - Average selling price (per ton) - Downstream products: $1,260.00 compared to the $1,242.79 average estimate based on three analysts. North America - Average selling price (per ton) - Cost of raw materials per ton: $660.00 versus the three-analyst average estimate of $742.74. North America - Average selling price (per ton) - Cost of ferrous scrap utilized per ton: $379.00 versus $353.51 estimated by three analysts on average. North America - Average selling price (per ton) - Steel products metal margin per ton: $610.00 compared to the $602.68 average estimate based on three analysts. Europe - Steel products (External tons shipped): 401 thousand compared to the 375.38 thousand average estimate based on three analysts. Europe - Steel products - Rebar: 136 thousand versus 94.05 thousand estimated by three analysts on average. Net sales from external customers- North America: $1.79 billion versus the three-analyst average estimate of $1.71 billion. The reported number represents a year-over-year change of +14.5%. Net sales from external customers- Corporate and Other: $8.06 million versus the three-analyst average estimate of $11.52 million. The reported number represents a year-over-year change of -36.3%. Net sales from external customers- Europe: $291.24 million versus the three-analyst average estimate of $267.64 million. The reported number represents a year-over-year change of +17.6%. Net Sales-- Construction Solutions Group- Net sales from external customers: $394.57 million versus the three-analyst average estimate of $378.29 million. The reported number represents a year-over-year change of +99.8%. View all Key Company Metrics for Commercial Metals here>>> Shares of Commercial Metals have returned -6.9% over the past month versus the Zacks S&P 500 composite's -1.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Commercial Metals Company (CMC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research