Commercial Metals posts strong Q2 results, boosts dividend
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Commercial Metals Company ( (CMC) ) just unveiled an announcement.
Commercial Metals Company reported strong results for its fiscal second quarter ended February 28, 2026, with net earnings rising to $93.0 million, or $0.83 per diluted share, on $2.1 billion in sales, and adjusted earnings reaching $130.1 million, or $1.16 per diluted share. Consolidated core EBITDA jumped about 114% year over year to $297.5 million, while core EBITDA margin widened by 610 basis points to 14.0%, driven by higher steel margins, benefits from the Transform, Advance, Grow program, and the first full-quarter contribution from its newly acquired precast platform.
The North America Steel Group nearly doubled adjusted EBITDA to $269.7 million with margins at 16.8%, supported by stable shipments, higher average selling prices over scrap costs, and healthy construction backlogs despite weather-related disruptions. The Construction Solutions Group saw net sales increase 97.9% and adjusted EBITDA rise 127.1%, aided by the CP&P and Foley precast acquisitions that generated $33.6 million of adjusted EBITDA, while CMC reduced net leverage, maintained liquidity of over $1.7 billion, repurchased shares, and approved an 11% dividend increase, underscoring confidence in its financial profile and the outlook for the 2026 construction season.
The most recent analyst rating on (CMC) stock is a Hold with a $66.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
Spark’s Take on CMC Stock
According to Spark, TipRanks’ AI Analyst, CMC is a Neutral.
The score is driven by mixed fundamentals (profitability and positive FCF, but margin pressure, weaker cash conversion, and higher leverage) and weak technical trend signals. These are partially offset by favorable valuation (low P/E) and a positive earnings-call outlook highlighting strong YoY operating momentum and acquisition/TAG-driven EBITDA upside, despite near-term seasonal softness and leverage considerations.
To see Spark’s full report on CMC stock, click here.
More about Commercial Metals Company
Commercial Metals Company (CMC), based in Irving, Texas, operates in the steel and construction materials industry, with core businesses spanning its North America Steel Group, Europe Steel Group, and Construction Solutions Group. The company focuses on steel products, downstream fabrication, and, following recent acquisitions, an expanding presence in precast concrete solutions serving a broad range of construction markets.
Average Trading Volume: 1,283,622
Technical Sentiment Signal: Buy
Current Market Cap: $6.92B
See more insights into CMC stock on TipRanks’ Stock Analysis page.
