Commercial Metals Company Reports 22% Revenue Growth to $2.13 Billion in Latest Quarter

Commercial Metals Company (CMC) reported significant financial performance improvements in its latest quarterly filing, with net sales reaching $2.13 billion for the three months ended February 28, 2026, a 22% increase from $1.75 billion in the same period last year. For the six months, net sales rose to $4.25 billion, up 16% from $3.66 billion. The company achieved net earnings of $93 million for the quarter, compared to $25 million in the prior year, and a net income of $270 million for the six months, a stark contrast to a net loss of $150 million in the same period last year. This turnaround was largely attributed to improved metal margins in the North America Steel Group segment and the contributions from recent acquisitions.

The company made notable strategic moves during the reporting period, including the acquisition of Foley Products Company and Concrete Pipe and Precast, LLC, which bolstered its precast concrete solutions segment. These acquisitions, completed in December 2025, added approximately $144.6 million in net sales during the current quarter. As a result of these changes, CMC rebranded its Emerging Businesses Group to the Construction Solutions Group to better align with its strategic focus.

Operationally, CMC's North America Steel Group segment saw a 16% increase in net sales, driven by higher average selling prices for steel products. The Construction Solutions Group experienced a 98% increase in net sales, primarily due to the newly acquired precast platform. However, the Europe Steel Group reported only a slight increase in net sales, attributed to a decrease in tons shipped due to market conditions influenced by the EU's carbon policies.

The company’s total assets increased to $9.56 billion as of February 28, 2026, up from $7.17 billion at the end of the previous fiscal year. This growth was supported by a significant increase in long-term debt, which rose to $3.31 billion, primarily due to financing for the acquisitions. CMC's liquidity position remains strong, with $495 million in cash and cash equivalents and a $1 billion revolving credit facility available. Looking ahead, CMC anticipates continued growth driven by its strategic acquisitions and operational efficiencies, while also navigating potential market challenges related to macroeconomic conditions and regulatory changes.