Commercial Metals Company Reports 20% Revenue Growth to $9.39 Billion for Fiscal Year 2026

Commercial Metals Company (CMC) reported significant financial growth for the fiscal year ending August 31, 2026, with net sales reaching $9.39 billion, a 20% increase from $7.80 billion in the previous year. The company's net earnings surged to $655.8 million, marking a 675% increase compared to $84.7 million in 2025. This remarkable growth was partly attributed to the inclusion of revenues from the newly acquired precast platform, which contributed approximately $511.1 million to net sales. The increase in profitability was also influenced by improved metal margins in the North America Steel Group segment, despite rising selling, general, and administrative (SG&A) expenses.

In terms of operational changes, CMC completed two significant acquisitions in December 2025: Foley Products Company and Concrete Pipe & Precast, LLC. These acquisitions were aimed at expanding CMC's precast concrete solutions and enhancing its market position in the Southeastern and Mid-Atlantic regions of the U.S. Following these acquisitions, CMC rebranded its Emerging Businesses Group to the Construction Solutions Group to better align with its strategic priorities. The company also launched a new micro mill in Berkeley County, West Virginia, which is expected to enhance production capacity for rebar and support sustainable steelmaking.

Operationally, CMC's North America Steel Group segment reported net sales of $7.00 billion, a 15% increase from the previous year, driven by higher average selling prices and increased shipment volumes. The segment's adjusted EBITDA rose by 53% to $1.13 billion, reflecting improved metal margins. The Construction Solutions Group segment saw a substantial 79% increase in net sales to $1.34 billion, primarily due to the contributions from the precast platform. Meanwhile, the Europe Steel Group segment experienced an 11% increase in net sales to $1.02 billion, aided by favorable market conditions resulting from the EU Carbon Border Adjustment Mechanism.

As of August 31, 2026, CMC employed approximately 13,670 individuals across its various segments, with the North America Steel Group employing the largest share at 7,965 employees. The company maintained a strong liquidity position, with cash and cash equivalents totaling $775.7 million. CMC's capital expenditures for the year were approximately $579.8 million, reflecting ongoing investments in its facilities and operations. Looking ahead, CMC anticipates continued growth driven by its strategic acquisitions and operational efficiencies, while also navigating potential challenges related to market conditions and regulatory changes.