Commercial Metals Co. (NYSE:CMC) on Thursday delivered a sharp first-quarter earnings beat on stronger steel margins and construction demand, but warned that near-term profits are likely to cool as acquisition costs and seasonal pressures weigh on results, sending the stock lower in early trading.
The company reported fiscal first-quarter net earnings of $177.3 million, or $1.58 per diluted share, and adjusted earnings of $206.2 million, or $1.84 per diluted share, for the period ended Nov. 30, 2025.
Net sales increased to $2.120 billion from $1.910 billion a year earlier. Adjusted EPS of $1.84 beat an analyst estimate of $1.56, and revenue topped an estimate of $2.057 billion.
Consolidated core EBITDA was $316.9 million, up approximately 52% year over year, with a core EBITDA margin of 14.9%. CMC recorded net after-tax charges of $28.9 million, primarily tied to CP&P and Foley acquisition-related expenses. The prior-year quarter included a net after-tax …