CMC Reports Fourth Quarter and Full Year Fiscal 2026 Results
Key Highlights
- ➤Fiscal 2026 net earnings $655.8 million; core EBITDA reached $1.4 billion
- ➤Q4 adjusted EPS $2.09, up 52.6% year-over-year
- ➤Q4 core EBITDA $393.7 million, up 35.1% year-over-year
- ➤North America Steel adjusted EBITDA rose 32.6% to $317.5 million
- ➤Net leverage ended fiscal 2026 at 1.9x, below CMC’s 2x target
Expert Statements
Peter Matt, President and Chief Executive Officer of CMC
“Fiscal 2026 marked a transformational step forward for CMC. We continued to build organizational strength and enhance margin durability in our early-stage construction portfolio through our precast acquisitions, our successful TAG program, and our key growth investments, including our West Virginia micro mill. We also established a clear roadmap to fiscal 2029, setting ambitious and achievable targets with a focus on delivering long-term shareholder value.”
Peter Matt, President and Chief Executive Officer of CMC
“Our fourth quarter core EBITDA performance delivered solid year-over-year growth, driven by strong execution of our North American steel franchise and continued momentum of enterprise-wide TAG benefits. While broader demand conditions remain supportive, residential softness weighed on precast results in the period. With backlogs near record levels, a differentiated portfolio of solutions, and multiple value creation levers, we are well-positioned to deliver strong financial results and achieve our strategic goals in fiscal 2027.”
Peter Matt, President and Chief Executive Officer of CMC
“We expect fiscal 2027 will be another strong year for CMC, supported by a healthy and balanced market backdrop and the growing contribution from our value creation levers, including TAG, our growth investments, and an evolving early-stage construction portfolio. Our focus remains on delivering profitable growth, improving free cash flow generation, enhancing shareholder returns, and, above all, continuing to advance our strategic agenda for a stronger CMC.”
CMC Reports Fourth Quarter and Full Year Fiscal 2026 Results PR Newswire
* Fiscal 2026 net earnings of $655.8 million. Consolidated core EBITDA increased to $1.4 billion, from $837.3 million in fiscal 2025. Core EBITDA margin increased by 380 basis points to 14.5%. * Fourth quarter net earnings of $212.5 million, or $1.91 per diluted share, and adjusted earnings of $233.6 million, or $2.09 per diluted share * Fourth quarter consolidated core EBITDA increased 35.1% year-over-year to $393.7 million and core EBITDA margin increased by 100 basis points to 14.8% * Improved results were driven by strong growth in the North America Steel Group, the inclusion of the acquired precast operations, and benefits from Transform, Advance, Grow ("TAG") initiatives * Precast integration on track * Reduced net leverage adjusted for acquisitions(1) to below 2x target IRVING, Texas, Oct. 15, 2026 /PRNewswire/ -- CMC (NYSE: CMC) (the "Company") today announced financial results for its fiscal fourth quarter and fiscal year ended August 31, 2026.
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