Commercial Metals Company (CMC)
Commercial Metals Company (CMC) Q4 2026 Earnings Call Transcript
Commercial Metals Company ( CMC ) Q4 2026 Earnings Call October 15, 2026 11:00 AM EDT Company Participants Andy Larkin - Vice President of Investor Relations Peter Matt - CEO, President & Director Paul Lawrence - Senior VP & CFO Conference Call Participants Samuel McKinney - KeyBanc Capital Markets Inc., Research Division Sathish Kasinathan - BofA Securities, Research Division William Peterson - JPMorgan Chase & Co, Research Division Timna Tanners - Wells Fargo Securities, LLC, Research Division Nicklaus Cash - Goldman Sachs Group, Inc., Research Division Richard Garchitorena - Barclays Bank PLC, Research Division Tristan Gresser - BNP Paribas, Research Division Presentation Operator Good morning, and welcome to the Commercial Metals Company Fiscal 2026 Fourth Quarter Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
Commercial Metals Company: Still Not Attractive (But Getting Better)
Commercial Metals Company remains a cyclical steel producer with limited upside, despite recent M&A and strong 4Q26 results. CMC's 4Q26 outperformance was driven by favorable steel spreads and lower scrap costs, not sustainable volume or margin improvements. The $2.5B precast acquisition adds diversification but does not materially reduce cyclicality or justify a higher valuation multiple.
Commercial Metals Q4 Earnings Call Highlights
Commercial Metals NYSE: CMC reported stronger fiscal 2026 fourth-quarter and full-year profitability, citing margin expansion, benefits from its Transform, Advance and Grow, or TAG, program, and contributions from its recently acquired Precast operations.
Commercial Metals (CMC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Commercial Metals (CMC) give insight into how the company performed in the quarter ended August 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Commercial Metals (CMC) Q4 Earnings and Revenues Beat Estimates
Commercial Metals (CMC) came out with quarterly earnings of $2.09 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $1.37 per share a year ago.
Countdown to Commercial Metals (CMC) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Commercial Metals (CMC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended August 2026.
Commercial Metals (CMC) Reports Next Week: Wall Street Expects Earnings Growth
Commercial Metals (CMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Will TAG Program Drive Commercial Metals' Next Phase of Growth?
CMC's TAG program targets higher margins, cash flow and ROIC, with gross EBITDA benefits expected to exceed $350 million by fiscal 2027.
Can Commercial Metals Sustain Its Strong Core EBITDA Growth Momentum?
CMC's core EBITDA surges y/y in the first nine months of fiscal 2026, aided by acquisitions, margin expansion and TAG Program benefits.
Here's Why Commercial Metals (CMC) is a Strong Value Stock
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Commercial Metals Company: Working On Its Foundation
Commercial Metals Company is executing a strategy focused on higher-margin, less capital-intensive operations following $2.5 billion in transformative M&A. Commercial Metals targets $1.65–$1.80 billion core EBITDA and $11B revenue by 2029, aiming to nearly double free cash flow per share. Leverage remains in the low 2s as Commercial Metals prioritizes EBITDA growth and shareholder returns via increased buybacks over rapid debt reduction.
