Commercial Metals CMC Q3 2026: Net Income Doubles, EBITDA Surges 78.6%
As seen on the 24/7 Wall St. homepage on June 25, 2026.
Commercial Metals crushed expectations as net income doubled year-over-year to $173 million, powered by surging steel prices and a newly acquired precast platform that nearly doubled Construction Solutions revenue. Core EBITDA exploded 78.6% to $353.6 million on $2.48 billion in revenue, with management signaling even stronger fourth-quarter results as planned mill maintenance headwinds fade and backlogs remain elevated across segments.
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Commercial Metals reported Q3 2026 earnings per share of $1.73, just ahead of the $1.73 consensus estimate, while revenue of $2.48 billion topped expectations by roughly 2.9%. The headline numbers were driven by net income doubling year-over-year to $173 million, with surging steel prices providing the primary lift and a newly acquired precast platform nearly doubling Construction Solutions revenue.
Core EBITDA jumped 78.6% to $353.6 million, a figure that underscores just how much operating leverage the company generated in the quarter. The precast acquisition was a meaningful contributor, broadening the Construction Solutions segment well beyond its prior footprint and adding a new revenue stream at a time when steel-intensive construction activity remains robust.
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Management pointed to even stronger fourth-quarter results on the horizon, noting that planned mill maintenance that weighed on Q3 performance is set to fade. Elevated backlogs across segments reinforce that outlook, suggesting the demand backdrop heading into Q4 remains intact.