Commercial Metals Co (NYSE:CMC) stock fell 0.49% (As on March 27, 11:24:50 AM UTC-4, Source: Google Finance) after the company reported fiscal second-quarter results that missed adjusted EPS estimates but beat on revenue. There was a more than two-fold increase in core EBITDA compared to a year ago. These impressive results reflect continued execution of the strategy, underpinned by additional efficiency gains from the enterprise-wide Transform, Advance, Grow (“TAG”) program and meaningful contributions from the recently acquired precast platform. While weather disruptions temporarily impacted much of the North American footprint during the quarter, the company were encouraged by the favorable underlying market conditions across the segments. The second quarter marked CMC’s entry into the precast concrete business following the close of both the Concrete Pipe and Precast, LLC (“CP&P”) and Foley Products Company, LLC (“Foley”) acquisitions in December. Integration is advancing well and remains on schedule, supported by the cultural fit and the high quality of the teams engaged across the companies. Second quarter net earnings were $93.0 million, compared to prior year period net earnings of $25.5 million.

Moreover, compared to the first quarter of fiscal 2026, the average selling price for steel products improved by $35 per ton, while scrap costs were up $33 per ton. CMC’s average selling price for steel products increased by $160 per ton on a year-over-year basis, while scrap costs were up only $13 per ton. Construction Solutions Group (“CSG”) second quarter net sales of $314.4 million increased by 97.9% compared to the prior year period, while adjusted EBITDA of $53.4 million was up 127.1% year-over-year.

CMC in the second quarter of FY 26 has reported the adjusted earnings per share of $1.16, missing the analysts’ estimates for the adjusted earnings per share of $1.30. The company had reported the adjusted revenue of $2.132 billion in the second quarter of FY 26, beating the analysts’ estimates for revenue of $2.091 billion.

Additionally, as of February 28, 2026, cash, cash equivalents and restricted cash totaled $503.6 million and available liquidity was over $1.7 billion. During the quarter, CMC repurchased 249,154 shares of common stock valued at $18.3 million in the aggregate. As of February 28, 2026, $147.8 million remained available under the current share repurchase authorization. On March 25, 2026, the company declared a quarterly dividend of $0.20 per share of CMC common stock payable to stockholders of record on April 6, 2026. The dividend, to be paid on April 15, 2026, will represent an 11% increase from the prior quarterly dividend level.