Commercial Metals Reports Softer Q2 Results, Maintains Confidence In Upcoming Construction Season Momentum

Commercial Metals Company (NYSE:CMC) reported second-quarter 2025 results on Thursday, with net sales down 5.1% year-over-year to $1.754 billion, broadly in line with the analyst expectations of $1.746 billion.

Core EBITDA decreased to $130.995 million from $212.09 million in the prior year quarter, with a core EBITDA margin of 7.5%, down 400 bps from 11.5%.

Adjusted EPS was 26 cents, down from 73 cents a year ago, missing the consensus of 30 cents.

Strong North American construction demand boosted finished steel shipments by 3.3% year over year, while new project awards drove a healthy, growing backlog.

As of February 28, 2025, Commercial Metals held $758.4 million in cash with nearly $1.6 billion in available liquidity. During the quarter, CMC repurchased 906,603 shares for $48 million, with $305.3 million remaining under its buyback plan.

On March 19, 2025, Commercial Metals declared a quarterly ...