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.
Commercial Metals :
CMC
CMC
Stock Data
$66.38
$0.86 (1.31%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
METAL FABRICATION
Commercial Metals Company is a global leader in the steel and metal industry, with operations in the United States, Poland, China, and beyond. Founded in 1915 and based in Irving, Texas, this company specializes in manufacturing, recycling, and fabricating steel and metal products. It caters to a wide range of industries by processing and selling both ferrous and nonferrous scrap metals, producing long steel products like reinforcing bar and merchant bar, and offering fabricated rebar for construction projects. Additionally, it serves the military, energy market, and construction sectors with specialized products like armor plates and strength bars.
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