CMC Announces Second Quarter Fiscal 2026 Conference Call Webcast Details [Accessibility Statement] Skip NavigationIRVING, Texas, Feb. 26, 2026 /PRNewswire/ -- CMC (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2026, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 26, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice Presiden ...

Key Takeaways CMC's North America Steel Group posted $294M adjusted EBITDA, up 57.9% y/y.Steel products margin rose $132 per ton, reaching its highest level in three years.TAG initiatives and Arizona 2 Micro-Mill support CMC amid strong construction demand.Commercial Metals Company (CMC) has been gaining from robust demand in North America for each of its major product lines. In the North America Steel Group segment, the steel products metal margin increased by $132 per ton in the fiscal first quarter 2026 ...

Core Insights - Commercial Metals Company (CMC) and Carpenter Technology Corporation (CRS) are two prominent steel stocks with significant market presence, and an analysis is conducted to determine which stock is better positioned for growth [1] Group 1: Commercial Metals Company (CMC) - In Q1 of fiscal 2026, CMC reported revenues of $2.12 billion, reflecting an 11% year-over-year growth driven by strong demand in the North America Steel Group and Construction Solutions Group [2] - CMC's earnings per share surged to $1.84, marking a 142% increase year-over-year [3] - The company completed two major acquisitions in December 2025, which are expected to enhance results in Q2 of fiscal 2026 and position CMC as a leading player in the Mid-Atlantic and Southeastern regions [4] - CMC anticipates operational synergies of $25-$30 million from the acquisitions by year three, although it will incur acquisition-related expenses in Q2 of fiscal 2026 [5] - The Transform, Advance, Grow Program launched in September 2024 is expected to yield an annualized EBITDA benefit of $150 million for fiscal 2026 [6] Group 2: Carpenter Technology Corporation (CRS) - CRS reported revenues of $728 million for Q2 of fiscal 2026, a 7.5% year-over-year increase, with adjusted earnings of $2.33 per share, up from $1.66 in the previous year [7] - The Specialty Alloys Operations segment saw revenue growth due to Aerospace and Defense and Energy markets, while Performance Engineered Products faced challenges from Medical and Distribution markets [8] - CRS expects operating income of $680-$700 million for fiscal 2026, indicating a 31% year-over-year growth at the midpoint [9] - The stock has gained 93% over the past year, and CRS anticipates achieving $765-$800 million in operating income by 2027, reflecting a 25% compound annual growth rate compared to fiscal 2025 [10][11] - CRS is investing in a $400 million brownfield expansion project to enhance its high-purity melt capacity, which is on schedule and budget [13] Group 3: Earnings Estimates and Valuation - The Zacks Consensus Estimate for CMC's fiscal 2026 earnings is $7.34 per share, indicating a 134.5% year-over-year growth, while the estimate for 2027 suggests a slight dip of 1.5% [14] - For CRS, the earnings estimate for fiscal 2026 is $10.28 per share, suggesting a 37.4% year-over-year increase, with a 2027 estimate of $12.13 indicating 17.9% growth [14] - CMC is trading at a forward earnings multiple of 10.38X, lower than its five-year median, while CRS trades at 33.51X, higher than its five-year median [19] Group 4: Investment Outlook - Both CMC and CRS are positioned to benefit from growth and recent investments, but CRS has shown stronger price performance and a more favorable outlook [21] - CRS holds a Zacks Rank 2 (Buy), while CMC has a Zacks Rank 3 (Hold), indicating a preference for CRS as the better investment option at this time [22]

Core Insights - A former executive at Commercial Metals Company (CMC) sold 25,050 shares, which represents a significant reduction of 32.14% in her direct holdings [1][4][7] Transaction Summary - The transaction involved a sale valued at $2 million, with the shares sold at a price of $79.97 each [2] - Post-transaction, the executive holds 52,880 shares, valued at approximately $4.33 million [2] Company Overview - Commercial Metals Company operates as an integrated steel and metals fabricator with three main branches: North America Steel Group, Europe Steel Group, and Emerging Businesses Group [6] - The company is also involved in processing scrap metals for steel mills and foundries [6] Financial Performance - For the trailing twelve months (TTM), CMC reported revenue of $8.01 billion and net income of $437.66 million [5] - The company has a gross margin of 17.37% and a dividend yield of 0.94% [5] - CMC's stock has experienced a 48.66% price increase over the past year, with eight consecutive months of price increases leading to a 39% positive return by the end of 2025 [5][7] Market Context - The company reported strong financial results for FY Q1 2026, marking the highest year-over-year growth since Q1 2023 [8] - Increased tariffs on steel are expected to boost domestic consumption, benefiting U.S. companies like CMC by reducing reliance on global steel imports [8] Investor Considerations - Investors should monitor CMC's inventory levels as demand may exceed supply in 2026 [9] - The company has not increased its dividend payouts since Q2 2024, which may concern investors seeking consistent dividend growth [9]

Core Insights - Commercial Metals Company's (CMC) Transform, Advance, Grow (TAG) Program aims to enhance margins, earnings, cash flows, and return on invested capital (ROIC), with an expected annualized EBITDA benefit of $150 million by fiscal 2026 [1][8] Group 1: TAG Program Overview - Launched in 2024, the TAG program focuses on optimizing logistics, reducing input consumption, lowering costs, and improving energy efficiency through over 150 individual projects across all business segments [2] - The program has already led to improvements in melt shops and rolling mills, resulting in higher product volumes while maintaining energy and raw material consumption levels [2] - CMC anticipates significant and lasting transformation in its margin profile from the TAG program, alongside strong market dynamics and effective operational execution [4] Group 2: Performance and Market Position - CMC has experienced success in optimizing scrap, improving yield, and cost mix, maintaining solid momentum in the TAG program during the first fiscal quarter [3] - CMC shares have increased by 51.3% over the past year, outperforming the industry growth of 50.1% and the Zacks Basic Materials sector's return of 47.2% [7] - The Zacks Consensus Estimate for CMC's fiscal 2026 sales is projected at $8.89 billion, reflecting a 13.9% year-over-year increase, with earnings expected to rise by 134.5% to $7.34 per share [11] Group 3: Competitive Landscape - Cleveland-Cliffs Inc. is implementing cost-reduction initiatives, targeting a decrease in steel unit costs by $150 per ton over three years, while Steel Dynamics, Inc. is developing a lower-carbon facility to enhance its product portfolio [5][6] - CMC is currently trading at a forward price/sales ratio of 0.96, compared to the industry's 1.77, indicating a favorable valuation [10]

Core Insights - Commercial Metals Company (CMC) stock has increased by 68.8% over the past year, outperforming the Zacks Steel-Producers industry's growth of 61.7% and the Basic Materials sector's rise of 47.6% [1][5] - CMC reported a significant 11% sales growth and a 142% increase in earnings per share (EPS) for the first quarter of fiscal 2026, driven by strong demand in North America [5][7] Financial Performance - CMC's revenues for Q1 fiscal 2026 reached $2.12 billion, marking an 11% year-over-year growth, primarily due to robust demand in the North America Steel Group and Construction Solutions Group segments [7] - The North America Steel Group saw a $132 per ton increase in steel products metal margin, achieving the highest margin level in three years [8] - The Construction Solutions Group's adjusted EBITDA margin reached a record 20%, up from 13.4% in the prior-year quarter, supported by solid demand and improved cost efficiency [9] Market Conditions - Despite strong performance in North America, the Europe Steel Group faced challenges, with adjusted EBITDA margin dropping from 12.3% in Q1 fiscal 2025 to 4.4% in Q1 fiscal 2026 due to soft market conditions and import flows affecting pricing [10] - CMC's recent acquisitions of Concrete Pipe and Precast, LLC and Foley Products Company are expected to enhance results in Q2 fiscal 2026, countering seasonal slowdowns [11] Future Outlook - The Zacks Consensus Estimate for CMC's fiscal 2026 sales is projected at $8.89 billion, indicating a 13.9% year-over-year increase, while EPS is expected to rise by 134.5% to $7.34 [14] - CMC anticipates operational synergies of $25-$30 million from recent acquisitions by year three and expects an annualized EBITDA benefit of $150 million from its Transform, Advance, Grow Program [17] Valuation - CMC is currently trading at a forward price/sales ratio of 1.01, which is lower than the industry's ratio of 1.81, indicating an attractive valuation [19] - Peer comparison shows Cleveland-Cliffs at a lower ratio of 0.29, while Nucor is at a higher ratio of 1.25 [21] Investment Position - CMC has shown strong stock performance and improved fiscal results, positioning itself well for long-term growth despite challenges in Europe [23] - The company holds a Zacks Rank 3 (Hold), suggesting that existing shareholders should remain invested to benefit from growth prospects [23]

Core Viewpoint - Cielo Waste Solutions Corp. has executed a binding letter of intent to acquire proprietary project development and evaluation assets from Canadian Discovery Ltd., marking a significant step in its transition to a scalable clean fuels project development company [1][4] Acquisition Details - The acquisition includes non-public technical and commercial information, databases, models, and intellectual property related to renewable and low carbon fuels production, which will enhance Cielo's project development capabilities [3][4] - The acquisition is expected to close in March 2026, subject to due diligence, regulatory approvals, and customary closing conditions [8][6] Financing Information - A non-brokered private placement financing is planned for aggregate proceeds of $1,000,000 CAD, expected to involve participation from certain principals of CDL and insiders of Cielo [11][14] - The financing will result in the issuance of approximately 16,666,666 units at a price of $0.06 per unit, with each unit comprising one common share and one warrant [12][13] Strategic Implications - The acquisition is intended to conclude Cielo's restructuring phase and enable the company to focus on executing its long-term growth strategy through disciplined project development and capital-efficient execution [4][5] - The integration of the acquired assets is expected to support the ongoing development of Project Nexus and future projects, enhancing Cielo's internal technical and commercial capabilities [4][5] Board Appointment - Following the acquisition, Kaush Rakhit, Executive Chairman of CDL, is expected to be appointed to Cielo's board of directors, bringing extensive experience in project development and governance [9][10] Company Overview - Cielo Waste Solutions Corp. focuses on advancing waste-derived feedstocks into sustainable aviation fuel and other low-carbon energy products, with a disciplined development strategy built around its Nexus Platform [17][18]

Company Overview - Commercial Metals Company is a leading producer and recycler of steel and metal products, with a diversified presence in both domestic and international markets [5] - The company operates an integrated business model by sourcing scrap metal, producing finished and semi-finished steel products, and supplying fabricated steel and construction-related services to end markets [7] - It serves steel mills, foundries, manufacturers, distributors, construction companies, and infrastructure projects across the United States, Poland, China, and other international markets [7] Financial Performance - As of January 30, 2026, Commercial Metals Company reported a revenue of $8.01 billion and a net income of $437.66 million [4] - The company's shares were priced at $76.87, reflecting a 58.9% increase over the prior year, significantly outperforming the S&P 500 by 44 percentage points [3] - The dividend yield stands at 0.94% [4] Recent Developments - Artemis Investment Management LLP initiated a new stake in Commercial Metals Company by acquiring 1,501,906 shares during the fourth quarter of 2025, with an estimated transaction value of $103.96 million [1] - This new holding represents 1.26% of Artemis's 13F reportable assets under management after the trade [2] - Despite the stock's EV/EBITDA ratio increasing from 6 to 9, Artemis still sees potential upside in the stock, indicating confidence in the company's future performance [8]

Core Viewpoint - CMC Financial Group has sold over $6 million in shares of the Pacer U.S. Large Cap Cash Cows Growth Leaders ETF, raising questions about its commitment to large-cap investments [1]. Group 1: Transaction Details - CMC Financial Group sold 177,214 shares of the Pacer U.S. Large Cap Cash Cows Growth Leaders ETF, valued at approximately $6.30 million based on average closing prices during the quarter [1]. - The sale indicates a potential slowdown in CMC's large-cap investment strategy, as COWG has fallen out of its top 10 holdings [5]. Group 2: ETF Overview - The Pacer U.S. Large Cap Cash Cows Growth Leaders ETF (COWG) tracks at least 100 large-cap U.S. companies exhibiting high growth traits [4]. - As of January 31, 2026, COWG had a price of $35.32, a dividend yield of 0.32%, and a 1-year total return of 5.12% [3]. Group 3: Holdings and Sector Allocation - CMC still holds two large-cap ETFs in its top five holdings, including COWZ, which focuses on healthcare and energy sectors, contrasting with COWG's technology focus [5]. - CMC's holding in COWG now represents 1.22% of its 13F reportable assets, with top holdings including TCAL at $8.86 million (15.8% of AUM), SILJ at $5.11 million (9.1% of AUM), COWZ at $5.02 million (9.0% of AUM), and GRNY at $4.50 million (8.0% of AUM) [8].

Company Overview - Commercial Metals Company (CMC) is an integrated steel and metals fabricator and producer with operations in North America, Europe, and Emerging Markets, also involved in processing scrap metals for steel mills and foundries [5] - As of January 31, 2026, CMC's stock price is $76.87, with a revenue of $8.01 billion and a net income of $437.66 million, reflecting a 54% price change over the past year [4] Recent Insider Activity - Dennis V. Arriola, a director at CMC, purchased 2,000 shares valued at approximately $149,400 on January 20, 2026, increasing his direct ownership by 27.63% from 7,238 shares to 9,238 shares [2][8] - This transaction marks the first material change in insider holdings since March 2024, as previous filings only involved administrative events without share accumulation [8] Market Performance - CMC has experienced a strong performance with seven consecutive months of price increases, closing 2025 with an approximate 39% positive return [6] - The company reported its highest year-over-year growth in a quarter since Q1 2023 during FY Q1 2026, despite global steel price increases due to tariffs, which are expected to boost domestic consumption [7] Investor Considerations - The recent insider purchase by Arriola suggests confidence in CMC's future performance, although investors should monitor potential demand surpassing inventory issues in 2026 [6][9] - There has been no increase in dividend yield in recent quarters, which may concern investors seeking consistent payout increases, as CMC has not raised its quarterly payouts since Q2 2024 [9]