CMC
Commercial Metals Company71.02
-0.25-0.35%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
7.89BP/E (TTM)
95.97Basic EPS (TTM)
0.74Dividend Yield
0.01%Recent Filings
8-K
Annual meeting votes approved
Commercial Metals Company stockholders at the January 14, 2026 annual meeting elected Dawne S. Hickton, Peter R. Matt, and Robert S. Wetherbee as Class I directors for three-year terms despite Wetherbee's closer 76.9M vs 18.5M vote split. They ratified Deloitte & Touche LLP as auditors for fiscal 2026 with overwhelming 100.7M support. Say-on-pay passed handily. Directors locked in.
10-Q
Q1 FY2026 results
Commercial Metals swung to $177M net earnings on $2.1B sales, up 11% y/y, with North America Steel driving the surge via 16% higher steel product prices and 27% wider metal margins. Gross margin expanded as COGS rose slower at 7% y/y, while operating income benefited from absent $350M litigation hit last year—now just $3.7M interest. Cash swelled to $1.0B plus $2.0B restricted, funding $125M capex; debt tripled to $3.4B (5.75-6% notes due 2033/35) for post-period precast buys of CP&P ($675M cash, Dec 1) and Foley ($1.84B cash, Dec 15), both in Construction Solutions. OCF topped $204M, FCF not disclosed in the 10-Q. EPS reconciles to 112M diluted shares. Debt covenants met. PSG antitrust appeal hangs over cash.
8-K
Q1 earnings soar; precast deals close
Commercial Metals crushed Q1 fiscal 2026 with net earnings of $177.3 million on $2.1 billion sales, swinging from last year's $176 million loss. Core EBITDA rocketed 52% to $316.9 million at 14.9% margin, fueled by North America Steel's soaring metal margins. Acquisitions of CP&P and Foley closed in December for $2.5 billion, launching a precast platform; Q2 core EBITDA to dip modestly on seasonality. TAG program targets $150 million annualized EBITDA by fiscal year-end.
8-K
CMC declares $0.18 dividend
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