Grafa
CMC Q3 sales reach $2.48 billion
Image for illustrative purposes only. Not a real photo.

CMC Q3 sales reach $2.48 billion

Share
  • CMC reported fiscal 2026 third-quarter net earnings of $173 million, or $1.55 per diluted share.
  • Net sales reached $2.48 billion, while core EBITDA rose to $353.6 million.
  • CMC repurchased $18.9 million of stock and declared a $0.20 quarterly dividend.

CMC (NYSE:CMC) reported fiscal 2026 third-quarter net earnings of $173 million, or $1.55 per diluted share, on net sales of $2.48 billion.

The result came in above market revenue expectations of about $2.40 billion, while adjusted EPS of $1.73 was slightly above estimates of $1.70–$1.72.

Adjusted earnings were $193 million, or $1.73 per diluted share, while core EBITDA rose to $353.6 million.

CMC reported a core EBITDA margin of 14.2%, net leverage of 2.1x, $18.9 million of share repurchases, and a $0.20 quarterly dividend.

Following the announcement, CMC's share price was up at $71.28.

CMC’s quarter reflected higher earnings and cash-return activity as the company continued to manage its steel and construction-related operations.

CMC’s latest results followed fiscal second-quarter 2026 adjusted earnings of $130.1 million, or $1.16 per diluted share, on net sales of $2.1 billion.

Frequently asked questions

Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relate to your unique circumstances.

Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly, by use of this platform.