NYSE$CMC
Commercial Metals Co · Q3 2026 earnings
Q3 2026 earnings · · Before market open · Investor relations
Briefing
Commercial Metals Co reported strong Q3 2026 results with net earnings of $173 million and core EBITDA growth of 78.6% year-over-year.
CMC achieved consolidated net sales of $2.48 billion and net earnings of $173.0 million, or $1.55 per diluted share. Core EBITDA rose 78.6% to $353.6 million with margin expansion to 14.2%, driven by metal margin gains, TAG initiatives, and precast acquisitions. Adjusted earnings reached $193.0 million or $1.73 per diluted share.
- Net earnings increased 108.1% YoY to $173.0 million with diluted EPS of $1.55.
- Core EBITDA grew 78.6% YoY to $353.6 million, achieving a 14.2% margin (up 440 bps).
- Construction Solutions Group net sales doubled YoY to $394.6 million with adjusted EBITDA up 138.1%.
- Net leverage adjusted for acquisitions improved to 2.1x with $563.2 million in cash and nearly $1.8 billion liquidity.
Headline financials
Revenue & EPS history
Commercial Metals · Revenue · Quarterly
$2.48B
Revenue by segment
Commercial Metals · $2.48B total across 4 segments · Q3 2026
- North America Steel Group$1.79B—72.1%
- Construction Solutions Group$395M—15.9%
- Europe Steel Group$291M—11.7%
- Corporate and Other$8.06M—0.3%
Forward guidance
Core EBITDA expected to increase sequentially in Q4 2026 driven by healthy demand, absence of mill outage headwinds, and growth in CSG and Europe segments.
Tailwinds
- Healthy domestic demand and strong backlogs
- Stronger North America Steel Group adjusted EBITDA
- Mid-teens adjusted EBITDA growth in Construction Solutions Group
- Modestly higher Europe Steel Group adjusted EBITDA
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
-0.9%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+4.6%
Avg return
30 days after
44%
31 / 70 earnings
Positive
+14.1%
Q2 2020
Best reaction
-14.4%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | -0.6% | -0.3% | — | |
| Q1 2026 | -3.7% | +1.4% | +13.3% | |
| Q4 2025 | -7.3% | +4.0% | -1.2% | |
| Q3 2025 | -1.8% | +1.6% | +10.2% | |
| Q2 2025 | +1.1% | +3.6% | -9.7% | |
| Q1 2025 | +0.0% | -4.1% | -0.4% | |
| Q4 2024 | +4.5% | -0.4% | +10.6% | |
| Q3 2024 | +7.3% | +5.8% | +13.5% | |
| Q2 2024 | +3.3% | +2.3% | -1.4% | |
| Q1 2024 | +2.3% | +3.9% | +10.1% | |
| Q4 2023 | -10.7% | -11.7% | -6.5% | |
| Q3 2023 | +8.1% | +7.3% | +15.4% | |
| Q2 2023 | +4.5% | +4.5% | +6.6% | |
| Q1 2023 | +5.3% | +10.8% | +11.1% | |
| Q4 2022 | +4.0% | +9.0% | +16.3% | |
| Q3 2022 | -2.2% | -1.9% | -7.7% | |
| Q2 2022 | -1.4% | -0.3% | +8.1% | |
| Q1 2022 | +1.0% | +6.5% | +1.2% | |
| Q4 2021 | -2.4% | -2.6% | +5.4% | |
| Q3 2021 | -4.7% | -2.4% | -4.0% | |
| Q2 2021 | +1.5% | -4.2% | +3.5% | |
| Q1 2021 | +0.6% | -5.6% | -2.3% | |
| Q4 2020 | -5.7% | -9.1% | -9.0% | |
| Q3 2020 | +4.5% | +5.8% | +4.8% | |
| Q2 2020 | +14.1% | +23.8% | +39.5% | |
| Q1 2020 | +2.1% | +1.9% | -2.3% | |
| Q4 2019 | +0.5% | +2.2% | +8.7% | |
| Q3 2019 | +7.6% | +5.5% | +14.9% | |
| Q2 2019 | +3.7% | +4.3% | +9.5% | |
| Q1 2019 | -6.9% | -7.2% | +1.7% | |
| Q4 2018 | +2.7% | +4.8% | +10.4% | |
| Q3 2018 | -1.3% | -6.6% | -7.9% | |
| Q2 2018 | -14.4% | -15.9% | -9.4% | |
| Q1 2018 | +7.5% | +11.0% | +2.9% | |
| Q4 2017 | -9.1% | -10.0% | -12.8% | |
| Q3 2017 | +4.0% | +0.0% | +8.9% | |
| Q2 2017 | -1.1% | +3.5% | +0.9% | |
| Q1 2017 | -5.8% | -9.8% | -7.1% | |
| Q4 2016 | -5.9% | -5.2% | +35.4% | |
| Q3 2016 | -5.1% | -3.9% | -2.0% | |
| Q2 2016 | +3.2% | — | — | |
| Q1 2016 | +4.7% | — | — | |
| Q4 2015 | -10.1% | — | — | |
| Q3 2015 | +4.0% | — | — | |
| Q2 2015 | +2.6% | — | — | |
| Q1 2015 | -7.8% | — | — | |
| Q4 2014 | -2.2% | — | — | |
| Q3 2014 | -4.3% | — | — | |
| Q2 2014 | -2.2% | — | — | |
| Q1 2014 | +2.6% | — | — | |
| Q4 2013 | +4.7% | — | — | |
| Q3 2013 | +6.3% | — | — | |
| Q2 2013 | -5.8% | — | — | |
| Q1 2013 | -1.7% | — | — | |
| Q4 2012 | -2.3% | — | — | |
| Q3 2012 | +3.3% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | +1.5% | — | — | |
| Q4 2011 | -8.8% | — | — | |
| Q4 2009 | -8.8% | — | — | |
| Q2 2009 | -8.8% | — | — | |
| Q3 2009 | -8.8% | — | — | |
| Q1 2009 | -8.8% | — | — | |
| Q3 2010 | -3.6% | — | — | |
| Q3 2011 | -3.6% | — | — | |
| Q2 2011 | -5.0% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q1 2010 | -0.6% | — | — | |
| Q2 2010 | -0.6% | — | — | |
| Q4 2010 | -0.6% | — | — |
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