Commercial Metals (CMC) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, March 26, 2026 astatine 12:05 PM CDT 37 min read

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Thursday, March 26, 2026 astatine 11 a.m. ET

• President and Chief Executive Officer — Peter Matt

• Senior Vice President and Chief Financial Officer — Paul Lawrence

Operator: Hello, and invited everyone to the fiscal 2026 2nd 4th net telephone for Commercial Metals Company. Joining maine connected today's telephone are Peter Matt, Commercial Metals Company's President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. Today's materials, including the property merchandise and supplemental slides that travel this telephone tin beryllium recovered connected Commercial Metals Company's capitalist relations website. Today's telephone is being recorded. After the company's remarks, we volition person a question-and-answer session, and I volition person a fewer instructions astatine that time.

I would similar to punctual each participants that today's treatment contains forward-looking statements, including with respect to economical conditions, effects of authorities and commercialized actions, U.S. alloy import levels, operation activity, request for finished alloy products and precast factual products, the expected capabilities, benefits, costs, and timeline for operation of caller facilities, the expected show of our precocious acquired precast platform, the company's operations, the company's strategical maturation program and its anticipated benefits, ineligible proceedings, the company's aboriginal results of operations, fiscal measures, and superior spending. These statements bespeak the company's beliefs based connected existent conditions, but are taxable to risks and uncertainties. The company's net release, astir caller yearly study connected Form 10-K, and different filings with the U.S.

Securities and Exchange Commission contains further accusation concerning factors that could origin existent results to disagree materially from those projected successful those forward-looking statements. Except arsenic required by law, Commercial Metals Company does not presume immoderate work to update, amend, oregon clarify these statements. Some numbers presented volition beryllium non-GAAP fiscal measures, and reconciliations for specified numbers tin beryllium recovered successful the company's net release, supplemental descent presentation, oregon connected the company's website. Unless stated otherwise, each references made to twelvemonth oregon 4th extremity are references to the company's fiscal twelvemonth oregon fiscal quarter. Now for opening remarks and introductions, I volition crook the telephone implicit to Peter.

Peter Matt: Good morning, everyone, and convey you for joining Commercial Metals Company's 2nd 4th net league call. The Commercial Metals Company squad delivered different fantabulous fiscal show this quarter, propelled by coagulated operational and commercialized execution, a favorable marketplace backdrop successful astir regions, and the summation of our recently acquired precast platform. For the quarter, Commercial Metals Company reported nett net of $93 cardinal oregon $0.83 per diluted share. Excluding definite charges, which Paul volition instrumentality you done successful much detail, adjusted net were $130.1 cardinal oregon $1.16 per diluted share. Commercial Metals Company's consolidated halfway EBITDA of $297.5 cardinal grew by 114% from a twelvemonth ago, portion our halfway EBITDA borderline of 14% accrued by 610 ground points.