Commercial Metals (NYSE:CMC) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Posted by Brian Himes on Jun 26th, 2026

Commercial Metals (NYSE:CMC – Get Free Report) released its quarterly earnings results on Thursday. The basic materials company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03, FiscalAI reports. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. Commercial Metals had a return on equity of 13.54% and a net margin of 6.02%.The business’s revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS.

Here are the key takeaways from Commercial Metals’ conference call:

Core EBITDA jumped 78.6% year over year to $353.6 million, with margin expanding to 14.2% as higher metal margins, TAG savings, and precast acquisitions all contributed.
Management said third-quarter results were held back by temporary factors, including planned outages, higher scrap costs, and weather disruptions, and expects a roughly $40 million-$50 million sequential improvement in fourth-quarter EBITDA.
The company said its TAG program is tracking ahead of its $150 million FY2026 annualized benefit target, with additional upside expected from commercial excellence and AI-enabled improvements.
Precast integration is proceeding on plan, and CMC kept its FY2026 precast EBITDA outlook at $165 million-$175 million, supported by a record backlog and improving fourth-quarter conditions.
CMC reiterated confidence in reducing net leverage below 2x by mid-2027 or sooner, helped by lower capex, precast cash generation, and tax savings, while saying its balance sheet remains highly liquid.

Commercial Metals Trading Up 3.9%

NYSE CMC opened at $74.05 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.55 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $8.21 billion, a P/E ratio of 16.49, a PEG ratio of 0.41 and a beta of 1.50. The business has a fifty day simple moving average of $71.97 and a 200 day simple moving average of $71.29. Commercial Metals has a 12 month low of $48.14 and a 12 month high of $84.87.

Commercial Metals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, July 6th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, July 6th. This represents a $0.80 annualized dividend and a yield of 1.1%. Commercial Metals’s dividend payout ratio is 17.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its stake in Commercial Metals by 110.7% in the 4th quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 301 shares during the period. Los Angeles Capital Management LLC purchased a new position in Commercial Metals in the fourth quarter valued at approximately $59,000. Colonial Trust Co SC purchased a new position in Commercial Metals in the fourth quarter valued at approximately $81,000. Advisors Asset Management Inc. grew its holdings in Commercial Metals by 160.0% during the fourth quarter. Advisors Asset Management Inc. now owns 1,178 shares of the basic materials company’s stock valued at $82,000 after purchasing an additional 725 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Commercial Metals by 84.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,550 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 708 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Key Commercial Metals News

Here are the key news stories impacting Commercial Metals this week:

Positive Sentiment: CMC beat Wall Street expectations with adjusted EPS of $1.73 and revenue of $2.48 billion, topping estimates and showing a sharp increase from a year ago. CMC Reports Third Quarter of Fiscal 2026 Results
Positive Sentiment: Core EBITDA surged 78.6% year over year to $353.6 million, helped by stronger market conditions, TAG cost-saving initiatives, and contributions from recently acquired precast businesses. CMC Reports Third Quarter of Fiscal 2026 Results
Positive Sentiment: Management struck an upbeat tone on the earnings call and signaled stronger profits ahead, while the fourth-quarter EBITDA outlook improved. Commercial Metals Signals Stronger Profits Ahead
Positive Sentiment: Analysts also nudged up full-year earnings estimates after the results, reflecting slightly better expectations for Commercial Metals’ profitability. Commercial Metals Company stock page
Neutral Sentiment: The company also reaffirmed its regular quarterly dividend of $0.20 per share, underscoring its capital return policy. CMC Announces Quarterly Dividend of $0.20 Per Share

Analysts Set New Price Targets

CMC has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Commercial Metals in a research report on Wednesday, April 1st. They set a “neutral” rating and a $74.00 target price for the company. KeyCorp started coverage on shares of Commercial Metals in a research report on Wednesday, March 25th. They set a “sector weight” rating on the stock. Morgan Stanley boosted their price objective on Commercial Metals from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday. Barclays started coverage on Commercial Metals in a research report on Thursday, May 21st. They set an “equal weight” rating and a $75.00 target price on the stock. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $77.00 target price on shares of Commercial Metals in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Commercial Metals presently has a consensus rating of “Moderate Buy” and an average price target of $80.11.

View Our Latest Research Report on CMC

About Commercial Metals

(Get Free Report)

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.