Commercial Metals Co. (NYSE:CMC) reported mixed fiscal second-quarter results on Thursday.
CMC reported fiscal second-quarter adjusted earnings of $1.16 per diluted share, missing the $1.30 estimate, while sales of $2.132 billion beat the $2.091 billion estimate.
Net earnings were $93.0 million, or 83 cents per diluted share, on net sales of $2.1 billion. This compares with $25.5 million, or 22 cents per diluted share, on net sales of $1.8 billion a year earlier.
Peter Matt, President and Chief Executive Officer, said, “The CMC team delivered another strong quarter, driving a more than two-fold increase in core EBITDA compared to a year ago.”
CMC expects third-quarter fiscal 2026 core EBITDA to increase meaningfully from second-quarter levels. Seasonal …
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