CMC announces $212M net earnings for fourth quarter

• CMC (NYSE:CMC) reported fourth-quarter net earnings of $212.5 million, up on strong North America Steel performance.
• Quarterly sales expanded 25.7% year-over-year to $2.66 billion, while diluted earnings per share reached $1.91.
• The company expects nearly flat North American steel adjusted EBITDA sequentially heading into the first quarter of fiscal 2027.

CMC (NYSE:CMC) reported fiscal fourth-quarter net earnings of $212.5 million as sales expanded 25.7% year-over-year to $2.66 billion on strong North American demand.

Diluted earnings per share increased to $1.91 from $1.35 in the prior-year period, while quarterly core EBITDA climbed 35.1% to $393.7 million.

Full-year net earnings reached $655.8 million, supported by annual core EBITDA of $1.4 billion compared to $837.3 million in fiscal 2025.

Acquired precast operations contributed to annual growth, though residential market weakness caused unit quarterly earnings to finish below management expectations.

Acquisition-adjusted net leverage ended the fiscal year at 1.9x, remaining below the company's long-term target threshold of 2.0x.

For the first quarter of fiscal 2027, management projects nearly flat North American steel EBITDA sequentially alongside higher Europe Steel earnings.