CMC Reports Significant Growth in Q3 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: PRnewswire
- Core Earnings Surge: CMC's core EBITDA for Q3 reached $353.6 million, reflecting a substantial year-over-year increase of 78.6%, indicating significant profitability growth across all business segments and enhancing future financial stability.
- Net Sales Growth: The company reported net sales of $2.483 billion in Q3, a 16.5% increase from the previous quarter, demonstrating strong market demand and effective sales strategies, which are expected to further drive company performance.
- Strong Performance in North America Steel Group: The North America Steel Group achieved adjusted EBITDA of $253.5 million, up 41% year-over-year, primarily driven by improved metal margins and the implementation of the TAG program, enhancing market competitiveness.
- Consistent Shareholder Returns: The company declared a quarterly dividend of $0.20 per share, marking the 247th consecutive quarterly payment, reflecting the company's commitment to shareholders and improved financial health.
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Analyst Views on CMC
Wall Street analysts forecast CMC stock price to rise
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 71.140
Low
74.61
Averages
81.45
High
85.00
Current: 71.140
Low
74.61
Averages
81.45
High
85.00
About CMC
Commercial Metals Company is engaged in offering products and technologies to meet the critical reinforcement needs of the global construction sector. The Company’s solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation, and transmission. Its segments include North America Steel Group, Europe Steel Group, and Construction Solutions Group. The North America Steel Group segment provides a diverse range of products and solutions to support the construction sector. The Europe Steel Group segment is composed of a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland. The Construction Solutions Group segment's portfolio consists of its construction services products, Tensar products and solutions and its impact metals, and performance reinforcing steel products. It is also a supplier of precast concrete and pipe products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CMC Reports Significant Growth in Q3 Financial Results
- Core Earnings Surge: CMC's core EBITDA for Q3 reached $353.6 million, reflecting a substantial year-over-year increase of 78.6%, indicating significant profitability growth across all business segments and enhancing future financial stability.
- Net Sales Growth: The company reported net sales of $2.483 billion in Q3, a 16.5% increase from the previous quarter, demonstrating strong market demand and effective sales strategies, which are expected to further drive company performance.
- Strong Performance in North America Steel Group: The North America Steel Group achieved adjusted EBITDA of $253.5 million, up 41% year-over-year, primarily driven by improved metal margins and the implementation of the TAG program, enhancing market competitiveness.
- Consistent Shareholder Returns: The company declared a quarterly dividend of $0.20 per share, marking the 247th consecutive quarterly payment, reflecting the company's commitment to shareholders and improved financial health.
See More
Commercial Metals Company Q3 Earnings Beat Expectations
- Earnings Beat: Commercial Metals Company reported a Q3 non-GAAP EPS of $1.73, exceeding expectations by $0.02, indicating a sustained improvement in profitability that boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $2.48 billion in Q3, reflecting a 22.8% year-over-year increase and surpassing market expectations by $70 million, showcasing strong market demand and effective operational strategies.
- Reduced Leverage: The company has significantly reduced its net leverage, with clear visibility to drop below 2x well ahead of the mid-2027 target, enhancing financial health and providing greater flexibility for future investments and expansions.
- EBITDA Outlook: Core EBITDA is expected to increase sequentially in Q4 of fiscal 2026, indicating a continued positive trend in profitability and cash flow, further solidifying its competitive position in the steel industry.
See More
Multiple Companies Declare Quarterly Dividends
- Glacier Bancorp Dividend: On June 23, 2026, Glacier Bancorp's Board declared a quarterly dividend of $0.33 per share, marking its 165th consecutive dividend and 49 increases, demonstrating its strong profitability and commitment to shareholder returns.
- McCormick Dividend: McCormick announced a quarterly dividend of $0.48 per share, payable on July 20, 2026, to shareholders of record on July 6, reflecting its 102 years of consecutive dividend payments, showcasing long-term financial health and stability.
- CMC Dividend: CMC declared a quarterly cash dividend of $0.20 per share on June 24, 2026, with its 247th consecutive dividend to be paid on July 15, indicating the company's ongoing commitment to shareholder returns and stable cash flow.
- Millrose Properties Dividend: Millrose Properties announced a quarterly cash dividend of approximately $127.9 million, or $0.77 per share, payable on July 15, 2026, reflecting the company's strong performance in the residential market and its ability to return value to shareholders.
See More
Commercial Metals Declares Quarterly Dividend of $0.20
- Quarterly Dividend Announcement: Commercial Metals Company (CMC) declares a quarterly dividend of $0.20 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flow and bolstering investor confidence.
- Dividend Yield: The forward yield of 1.12% reflects the company's attractiveness in the current market environment, potentially drawing in more investors seeking stable income.
- Dividend Payment Schedule: The dividend will be payable on July 15, with a record date of July 6 and an ex-dividend date also set for July 6, ensuring shareholders receive timely returns and further solidifying the company's relationship with its investors.
- Consecutive Dividend Record: This marks CMC's 247th consecutive quarterly dividend payment, highlighting the company's commitment to shareholder returns and enhancing its competitive position within the steel industry.
See More
CMC Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: CMC's board declared a cash dividend of $0.20 per share, marking the company's 247th consecutive quarterly dividend, which reflects its stable cash flow and profitability, with payment scheduled for July 15, 2026, to shareholders of record as of July 6.
- Company Background: Founded in 1915, CMC has evolved into one of the largest U.S. manufacturers of steel reinforcing bar, providing essential early-stage construction solutions for modern infrastructure, including subgrade soil stabilization and precast products, underscoring its significant role in the construction industry.
- Market Impact: CMC's products are vital for highways, bridges, and commercial buildings, and with increasing investments in infrastructure, the company is poised to benefit further, solidifying its market leadership position in the construction sector.
- Forward-Looking Statements: The forward-looking statements in the release indicate that while management is optimistic about future cash flow and capital allocation, they acknowledge that economic fluctuations and industry competition could significantly impact their business, necessitating close monitoring of market conditions.
See More
CMC Declares Quarterly Cash Dividend of $0.20
- Dividend Announcement: CMC's board declared a quarterly cash dividend of $0.20 per share, marking the company's 247th consecutive quarterly dividend, which underscores its stable cash flow and profitability.
- Payment Schedule: The dividend will be paid on July 15, 2026, to shareholders of record as of July 6, 2026, ensuring timely returns for investors and enhancing shareholder confidence.
- Company Background: Founded in 1915, CMC has grown to become one of the largest manufacturers of steel reinforcing bar in the U.S., focusing on foundational construction solutions, with products essential for highways, bridges, and commercial buildings, highlighting its significant role in the industry.
- Market Impact: As infrastructure demand rises, CMC's dividend policy not only reflects its financial health but may also attract more investor interest, potentially boosting the company's performance in the capital markets.
See More
CMC Reports Significant Growth in Q3 Financial Results
- Core Earnings Surge: CMC's core EBITDA for Q3 reached $353.6 million, reflecting a substantial year-over-year increase of 78.6%, indicating significant profitability growth across all business segments and enhancing future financial stability.
- Net Sales Growth: The company reported net sales of $2.483 billion in Q3, a 16.5% increase from the previous quarter, demonstrating strong market demand and effective sales strategies, which are expected to further drive company performance.
- Strong Performance in North America Steel Group: The North America Steel Group achieved adjusted EBITDA of $253.5 million, up 41% year-over-year, primarily driven by improved metal margins and the implementation of the TAG program, enhancing market competitiveness.
- Consistent Shareholder Returns: The company declared a quarterly dividend of $0.20 per share, marking the 247th consecutive quarterly payment, reflecting the company's commitment to shareholders and improved financial health.
See More
Commercial Metals Company Q3 Earnings Beat Expectations
- Earnings Beat: Commercial Metals Company reported a Q3 non-GAAP EPS of $1.73, exceeding expectations by $0.02, indicating a sustained improvement in profitability that boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $2.48 billion in Q3, reflecting a 22.8% year-over-year increase and surpassing market expectations by $70 million, showcasing strong market demand and effective operational strategies.
- Reduced Leverage: The company has significantly reduced its net leverage, with clear visibility to drop below 2x well ahead of the mid-2027 target, enhancing financial health and providing greater flexibility for future investments and expansions.
- EBITDA Outlook: Core EBITDA is expected to increase sequentially in Q4 of fiscal 2026, indicating a continued positive trend in profitability and cash flow, further solidifying its competitive position in the steel industry.
See More
Multiple Companies Declare Quarterly Dividends
- Glacier Bancorp Dividend: On June 23, 2026, Glacier Bancorp's Board declared a quarterly dividend of $0.33 per share, marking its 165th consecutive dividend and 49 increases, demonstrating its strong profitability and commitment to shareholder returns.
- McCormick Dividend: McCormick announced a quarterly dividend of $0.48 per share, payable on July 20, 2026, to shareholders of record on July 6, reflecting its 102 years of consecutive dividend payments, showcasing long-term financial health and stability.
- CMC Dividend: CMC declared a quarterly cash dividend of $0.20 per share on June 24, 2026, with its 247th consecutive dividend to be paid on July 15, indicating the company's ongoing commitment to shareholder returns and stable cash flow.
- Millrose Properties Dividend: Millrose Properties announced a quarterly cash dividend of approximately $127.9 million, or $0.77 per share, payable on July 15, 2026, reflecting the company's strong performance in the residential market and its ability to return value to shareholders.
See More
Commercial Metals Declares Quarterly Dividend of $0.20
- Quarterly Dividend Announcement: Commercial Metals Company (CMC) declares a quarterly dividend of $0.20 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flow and bolstering investor confidence.
- Dividend Yield: The forward yield of 1.12% reflects the company's attractiveness in the current market environment, potentially drawing in more investors seeking stable income.
- Dividend Payment Schedule: The dividend will be payable on July 15, with a record date of July 6 and an ex-dividend date also set for July 6, ensuring shareholders receive timely returns and further solidifying the company's relationship with its investors.
- Consecutive Dividend Record: This marks CMC's 247th consecutive quarterly dividend payment, highlighting the company's commitment to shareholder returns and enhancing its competitive position within the steel industry.
See More
CMC Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: CMC's board declared a cash dividend of $0.20 per share, marking the company's 247th consecutive quarterly dividend, which reflects its stable cash flow and profitability, with payment scheduled for July 15, 2026, to shareholders of record as of July 6.
- Company Background: Founded in 1915, CMC has evolved into one of the largest U.S. manufacturers of steel reinforcing bar, providing essential early-stage construction solutions for modern infrastructure, including subgrade soil stabilization and precast products, underscoring its significant role in the construction industry.
- Market Impact: CMC's products are vital for highways, bridges, and commercial buildings, and with increasing investments in infrastructure, the company is poised to benefit further, solidifying its market leadership position in the construction sector.
- Forward-Looking Statements: The forward-looking statements in the release indicate that while management is optimistic about future cash flow and capital allocation, they acknowledge that economic fluctuations and industry competition could significantly impact their business, necessitating close monitoring of market conditions.
See More
CMC Declares Quarterly Cash Dividend of $0.20
- Dividend Announcement: CMC's board declared a quarterly cash dividend of $0.20 per share, marking the company's 247th consecutive quarterly dividend, which underscores its stable cash flow and profitability.
- Payment Schedule: The dividend will be paid on July 15, 2026, to shareholders of record as of July 6, 2026, ensuring timely returns for investors and enhancing shareholder confidence.
- Company Background: Founded in 1915, CMC has grown to become one of the largest manufacturers of steel reinforcing bar in the U.S., focusing on foundational construction solutions, with products essential for highways, bridges, and commercial buildings, highlighting its significant role in the industry.
- Market Impact: As infrastructure demand rises, CMC's dividend policy not only reflects its financial health but may also attract more investor interest, potentially boosting the company's performance in the capital markets.
See More
