The company’s performance highlights the impact of its recent expansion into the precast business, which contributed $52.9 million to segment adjusted EBITDA during the quarter. While heavy rainfall in key markets like Texas and planned mill maintenance created temporary headwinds for the North America Steel Group, the broader project pipeline remains solid. Data centers, semiconductor facilities, and public infrastructure spending continue to bolster the company’s healthy backlog of work.
In section Releases
Commercial Metals Posts Strong Third Quarter on Precast Gains
Commercial Metals Company reported net earnings of $173 million for its fiscal third quarter, a sharp jump from the $83.1 million recorded in the same period last year. Driven by strategic acquisitions and robust infrastructure demand, the Irving-based manufacturer saw its core EBITDA climb nearly 79% to $353.6 million.
CEO Peter Matt emphasized that the combination of the TAG operational program and improved performance in Europe helped offset sequential cost pressures. The Europe Steel Group specifically benefited from a $20.4 million CO2 credit and a strengthening regulatory environment under the EU Carbon Border Adjustment Mechanism. With net leverage now at 2.1x, the company is tracking well ahead of its 2027 deleveraging targets, allowing for continued capital returns to shareholders through dividends and stock repurchases.
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