Commercial Metals Company reported net earnings of $177.3 million, or $1.58 per diluted share, for the fiscal first quarter ended November 30, 2025, compared with a net loss of $175.7 million in the prior-year period. Adjusted earnings reached $206.2 million, or $1.84 per diluted share, comfortably exceeding analyst forecasts. Revenue totaled $2.12 billion, up from $1.9 billion a year earlier, reflecting a 52% year-over-year increase in consolidated core EBITDA to $316.9 million and a core EBITDA margin of 14.9%. Steel product margins improved by $57 per ton sequentially, driving a 17.7% adjusted EBITDA margin for the North America Steel Group.

CMC’s Transform, Advance, and Grow (TAG) initiative delivered operational benefits contributing to improved commercial discipline and margin expansion. The company remains on track to achieve an annualized run-rate EBITDA benefit of $150 million by the end of fiscal 2026. In December, CMC completed acquisitions of Concrete Pipe & Precast, LLC and Foley Products Company, deploying over $2.5 billion of capital to establish a precast concrete platform. The Emerging Businesses Group was rebranded as the Construction Solutions Group to align with the new segment composition and strategic priorities.

As of November 30, 2025, CMC held $3.0 billion in cash, cash equivalents and restricted cash, with nearly $1.9 billion of available liquidity. During the quarter, the company repurchased 663,220 shares for $38.9 million and declared a quarterly dividend of $0.18 per share, marking the 245th consecutive quarterly payout. The balance sheet remains robust, with a debt-to-equity ratio of approximately 0.32 and a current ratio near 2.78, supporting continued investment in growth and shareholder return programs.