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Commercial Metals Reports $9.39 Billion Revenue for Fiscal 2026 as Steel Margins Expand

BullishMedium impact
CMC$67.42 3.14%

Commercial Metals Company (NYSE:CMC) reported fiscal year 2026 revenue of $9.39 billion and diluted earnings per share of $5.86. Net income for the year reached $655.85 million, with total revenue growing approximately 20% compared to the prior fiscal year. Following the disclosure, shares of the manufacturer rose 3.12% to $67.41.

The top-line growth was supported by stronger pricing, higher sales volume, and strategic expansion in precast construction. The company's Construction Solutions segment added roughly $511 million in incremental sales through the additions of Foley and CP&P. Furthermore, steel margins expanded significantly in both North America and Europe, lifting adjusted EBITDA. Operational improvements under the TAG program also contributed through gains in yield, scrap, logistics, and administrative expenses.

Looking ahead, Commercial Metals has brought its fourth micro mill into service in West Virginia. The new facility is designed to raise rebar manufacturing capacity and expand the company's output of sustainable steel.

Key points

  • Commercial Metals Company reported fiscal 2026 revenue of $9.39 billion, diluted EPS of $5.86, and net income of $655.85 million.
  • Annual revenue grew approximately 20%, supported by higher selling prices, volume gains, and recent acquisitions.
  • The additions of Foley and CP&P contributed roughly $511 million in incremental sales to Construction Solutions.
  • Expanded steel margins in North America and Europe along with TAG operational improvements supported overall profitability.
  • A fourth micro mill in West Virginia was placed into service to increase rebar capacity and sustainable steel production.

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Questions and answers

What were Commercial Metals Company's fiscal 2026 financial results?

Commercial Metals Company reported fiscal 2026 revenue of $9.39 billion, diluted earnings per share of $5.86, and net income of $655.85 million, reflecting a revenue increase of about 20%.

What drove revenue growth for Commercial Metals in fiscal 2026?

Growth was driven by higher prices, increased sales volumes, and contributions from precast acquisitions like Foley and CP&P, which added about $511 million in sales.

How is Commercial Metals increasing its steel production capacity?

The company placed a fourth micro mill into service in West Virginia to expand rebar capacity and increase sustainable steel output.