CMC Q4 Core EBITDA jumps 35% on strong steel margins. Commercial Metals Company reported a 35.1% increase in fourth-quarter core EBITDA to $393.7 million as stronger North American steel margins, higher shipments and acquired precast operations lifted fiscal 2026 results. Find Metal Stocks * CMC Reports Strong Revenue and Earnings Growth Commercial Metals Company recorded a 25.7% year-over-year increase in consolidated net sales to $2.66 billion for the fourth quarter of fiscal 2026. Net earnings climbed 40% to $212.5 million, while adjusted earnings increased 52.6% to $233.6 million, reflecting improved operating performance. * North American Steel and Construction Solutions Drive Performance CMC's North America Steel Group remained its primary earnings contributor, with adjusted EBITDA rising 32.6% to $317.5 million. Finished steel shipments increased 5.3%, while merchant bar volumes surged 27.5%. Construction Solutions Group sales nearly doubled, advancing 94.5% to $431.4 million. * Strong Liquidity Supports Fiscal 2027 Growth Outlook CMC ended the quarter with $778.9 million in cash and restricted cash, alongside more than $2 billion in available liquidity. The company expects further growth in fiscal 2027, supported by infrastructure demand, strategic investments and operational improvements, although weaker European earnings remain a concern. Discover more Scrap pricing subscriptions Scrap yard directory Scrap metal market reports Commercial Metals Company reported sharply higher fourth-quarter fiscal 2026 earnings as stronger North American steel margins, increased shipment volumes and contributions from acquired precast operations lifted revenue and profitability. By Paul Ploumis Published October 19, 2026 Key points. * Net Sales: Increased 25.7% year over year to $2.66 billion. * Net Earnings: Rose 40% to $212.5 million, or $1.91 per diluted share. * Core EBITDA: Increased 35.1% to $393.7 million, with margin expanding to 14.8%. * North America Steel: Adjusted EBITDA rose 32.6% to $317.5 million. * Construction Solutions: Quarterly sales surged 94.5% to $431.4 million. MONTREAL (Scrap Monster): Commercial Metals Company (CMC) reported significantly higher earnings and revenue for the fourth quarter of fiscal 2026, supported by stronger steel margins, increased shipment volumes and contributions from its construction solutions business. Get Recycling Bins For the quarter ended August 31, 2026, consolidated net sales climbed 25.7% year over year to $2.66 billion. Net earnings rose 40% to $212.5 million, equivalent to $1.91 per diluted share. Adjusted earnings increased 50.7% to $233.6 million, while adjusted earnings per diluted share rose 52.6% to $2.09. Core EBITDA rises 35.1%. Consolidated core EBITDA increased 35.1% year over year to $393.7 million. The core EBITDA margin expanded by 100 basis points to 14.8%, driven primarily by stronger metal margins and the inclusion of higher-margin acquired precast operations. North America Steel remains main earnings driver. CMC's North America Steel Group remained the company's largest earnings contributor during the quarter. Segment adjusted EBITDA increased 32.6% year over year to $317.5 million, while adjusted EBITDA margin improved to 16.4% from 14.8% a year earlier. Finished steel shipment volumes increased 5.3% from the prior-year period. Merchant bar shipment volumes rose 27.5% year over year, supported by demand from industrial applications and expanded merchant bar production capacity. Find Metal Stocks Construction Solutions sales nearly double. CMC's Construction Solutions Group recorded quarterly net sales of $431.4 million, an increase of 94.5% from the corresponding period last year. The segment benefited from the addition of acquired precast operations and continued contributions from CMC's broader construction solutions portfolio. European earnings decline. CMC's Europe Steel Group generated adjusted EBITDA of $15.6 million, down from $39.1 million in the prior-year quarter. The year-over-year comparison was affected by a $30.7 million CO2 credit recognized in the prior-year period that was not repeated in the latest quarter. Liquidity remains above $2 billion. CMC ended fiscal 2026 with $778.9 million in cash, cash equivalents and restricted cash. Available liquidity exceeded $2.0 billion, while net leverage adjusted for acquisitions ended the quarter at 1.9 times. CMC expects another strong year in Fiscal 2027. CMC said it expects fiscal 2027 to remain strong, supported by a healthy market environment, strategic growth investments, its Transform, Advance, Grow initiatives and continued development of its early-stage construction portfolio. For the first quarter of fiscal 2027, the company expects North America Steel adjusted EBITDA to remain nearly flat sequentially as improved pricing largely offsets higher scrap costs, startup expenses and a modest seasonal decline in shipments. Construction Solutions adjusted EBITDA is expected to decline sequentially because of typical seasonal trends, while Europe Steel is expected to deliver meaningful sequential EBITDA growth as operating conditions improve. Discover more Catalytic converter prices Metal Price Poll. Which factor contributed most directly to Commercial Metals Company's strong fourth-quarter fiscal 2026 performance? Frequently asked questions. * How did Commercial Metals Company perform financially in Q4 fiscal 2026? * Which business segment contributed the most to CMC's earnings growth? * What is CMC's outlook for fiscal 2027?

Contractors prepare for tougher 2026 as tariffs, labour shortages and policy uncertainty converge. GlobeNewswire Published Jun 08, 2026 Article content Dodge Construction Network and CMiC survey finds firms tightening bids, rethinking growth as costs rise and demand softens Article content Toronto, June 08, 2026 (GLOBE NEWSWIRE) - A new survey of U.S. contractors conducted by Dodge Construction Network in partnership with CMiC, a leading construction ERP platform, reveals widespread concern over the impact of policy changes on both costs and project demand. As uncertainty grows, firms are becoming more selective in bidding, tightening contract terms and prioritizing margin-focused growth strategies. Tariffs are already affecting the industry, with 91 per cent of contractors reporting cost increases, and many expect further disruption as government policies continue to evolve. Article content Advertisement 1 Story continues below This advertisement has not loaded yet, but your article continues below. Article content As pressures mount, contractors are increasingly turning to technology to maintain efficiency and profitability. Among firms adopting AI-enabled tools, reported effectiveness gains range from 50 per cent to 100 per cent over previous methods. Automated proposal generation is rated 92per cent effective, contract risk review 86 per cent, and progress tracking using site photos 92 per cent, marking a shift from incremental improvement to measurable performance gains. Article content Top Stories Interested in more newsletters? Browse here. Article content "Construction firms today are operating in a far more complex and constrained environment, where the margin for error continues to shrink," said Gord Rawlins, President and CEO of CMiC. "With tariffs impacting 91per cent of contractors and project pipelines slowing, financial visibility and operational agility are no longer optional and they are essential. At the same time, only a fraction of firms are fully leveraging technology, which represents a major gap. As AI continues to reshape how construction projects are delivered, CMiC remain committed to providing technology that keeps pace with industry demands, both within the US and globally." Article content Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. Article content Key findings include: Article content * 84 per cent of contractors cite aggressive pricing competition as a major challenge, while 62 per cent report increasingly unfavorable contract terms as risk shifts downstream. * 65 per cent report schedule impacts due to skilled labour shortages, and 76 per cent identify retirements as a key driver of workforce attrition. * 91 per cent report tariff-related cost impacts, and an average of 72 per cent expect negative effects from policy changes. * 84 per cent expect inflation to reduce overall construction volume in 2026. * More than 80 per cent report compressed schedules and post-bid cost increases, 72 per cent cite rising project complexity, and 67 per cent face material availability challenges. * While AI tools deliver strong results, only about one-third of contractors are aware of these capabilities, and adoption remains significantly lower. * Despite challenges, 74 per cent of contractors say they are optimistic about their company's performance in 2026. Article content The findings highlight a persistent gap between awareness and adoption of AI, driven by barriers such as limited understanding, access and resources. They also underscore the growing importance of unified, high-quality data to support more predictive, data-driven decision-making. Advertisement 1 This advertisement has not loaded yet. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article content For contractors using integrated platforms such as CMiC's NEXUS, AI capabilities are increasingly embedded in daily workflows, enabling natural language queries, automating routine tasks and identifying risks earlier, helping firms improve both project execution and financial performance. Article content About Dodge Construction Network Dodge Construction Network harnesses data, analytics, and industry connections to be the leading source of insights and opportunities in the commercial construction industry. With five trusted solutions - DCC, The Blue Book, Sweets, IMS, and Principia - Dodge connects construction professionals across all stages of the building process. Designed for both small teams and large enterprises, these tools simplify complexity, empowering you to build thriving businesses and communities. With over a century of experience, Dodge Construction Network is the catalyst for modern construction. To learn more, visit construction.com. Article content About CMiC As an industry pioneer, CMiC delivers complete and unified Financials and Project Management software solutions for construction and capital projects firms. CMiC's powerful software transforms how firms optimize productivity, minimize risk and drive growth by planning and managing all financials, projects, resources, and content assets - from a Single Database Platform(TM). With customers throughout North America and overseas, CMiC serves one-quarter of ENR's Top 400 Contractors and hundreds of small and mid-sized construction firms, from general and specialty contractors to heavy/highway and project owners. Over $100 billion in construction revenue is handled by CMiC annually. Article content Advertisement 2 This advertisement has not loaded yet. Quick Picks