Commercial Metals Company $(CMC)$ reported its first quarter (Q1) fiscal 2026 financial results, with net earnings of USD 177.3 million, or USD 1.58 per diluted share. Adjusted earnings reached USD 206.2 million, or USD 1.84 per diluted share. Consolidated core EBITDA for the quarter was USD 316.9 million, representing an increase of approximately 52 percent. Core EBITDA margin stood at 14.9 percent. Net sales for the period were USD 2.1 billion. The North America Steel Group generated net sales to external customers of USD 1.7 billion during Q1. CMC noted that steel products metal margins increased sequentially for the third consecutive quarter, reaching their highest level in nearly three years. The company also highlighted the successful launch of new operational and commercial initiatives under its Transform, Advance, and Grow (TAG) program, targeting an annualized run-rate EBITDA benefit of USD 150 million by the end of fiscal 2026. In December, CMC closed acquisitions of CP &P and Foley, investing over USD 2.5 billion to establish a growth platform in the precast concrete industry.

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