Commercial Metals Company (NYSE:CMC), a global leader in innovative solutions for the built environment, today reported financial results for its fiscal second quarter ended February 28, 2026.
The company achieved a significant year-over-year expansion in profitability, fueled by a combination of resilient steel demand and the successful integration of high-margin precast concrete acquisitions.
For the second fiscal quarter, CMC reported net earnings of $93 million, or $0.83 per diluted share.
On an adjusted basis, earnings reached $130.1 million, or $1.16 per diluted share.
The most striking metric of the quarter was the consolidated core EBITDA, which surged approximately 114% year-over-year to $297.5 million.
This performance resulted in a core EBITDA margin of 14%, a 610-basis-point improvement over the prior-year period.
A primary driver of this growth was the company's strategic expansion into the precast concrete market.
Acquisitions in this segment contributed $33.6 million of adjusted EBITDA during the quarter.
Excluding a $6.7 million non-cash purchase-accounting charge, the precast segment's underlying EBITDA contribution was $40.3 million, demonstrating the accretive nature of these recent investments.
CMC’s balance sheet remains a point of strength, ending the quarter with $503.6 million in cash and restricted cash.
Total available liquidity exceeded $1.7 billion, providing the company with ample flexibility for further organic growth or additional M&A.
Reflecting this financial health, the Board of Directors raised the quarterly dividend to $0.20 per share.
Additionally, the company remained active in its capital return program, repurchasing $18.3 million of its common stock during the quarter.