The consolidated core EBITDA for the quarter reached $297.5 million, marking an impressive year-over-year growth of approximately 114%. This growth was attributed to solid execution across the company’s operations, particularly within the North America Steel Group and the Construction Solutions Group, which saw adjusted EBITDA margins of 16.8% and 17.0%, respectively. The company’s strategic initiatives, including its Transform, Advance, Grow (TAG) program, have contributed to enhanced operational efficiencies and profitability.
Peter Matt, President and CEO of CMC, expressed optimism about the company’s performance, stating that the strong results demonstrate continued progress towards enhancing CMC's financial profile and earnings power. He noted that despite weather disruptions affecting production, the underlying market conditions remain favorable, supporting a positive outlook for the construction season ahead.
Additionally, CMC's recent acquisitions in the precast concrete sector have begun to yield positive results, with the precast platform generating $33.6 million of adjusted EBITDA during the quarter. The integration of these businesses is progressing well, and the company remains confident in achieving its goal of reducing net leverage to 2x within the committed timeframe.
Looking ahead, CMC anticipates continued growth in consolidated core EBITDA for the third quarter of fiscal 2026, driven by seasonal improvements and sustained margin strength across its North American operations. The company is well-positioned to capitalize on favorable market dynamics and further enhance shareholder value through strategic execution and operational excellence.
