Steel Mills
CMC Q4 profits rise on improved market conditions
Written by Ethan Bernard
October 17, 2025
CMC
| Fourth quarter ended Aug. 31 | 2025 | 2024 | % Change |
|---|---|---|---|
| Net sales | $2,114.5 | $1,996.1 | 5.9% |
| Net earnings (loss) | $151.8 | $103.9 | 46.0% |
| Per diluted share | $1.35 | $0.90 | 50% |
| Full fiscal year ended Aug. 31 | |||
| Net sales | $7,798.5 | $7,926.0 | -1.6% |
| Net earnings (loss) | $84.7 | $485.5 | -82.6% |
| Per diluted share | $0.74 | $4.14 | -82.1% |
CMC reported higher net earnings in its fiscal fourth quarter on “better market conditions” across its segments.
The Irving, Texas-based longs producer and metal recycler logged net earnings of $151.8 million in its fiscal fourth quarter ended Aug. 31, 46% higher than $103.9 million a year earlier. Net sales rose 6% to $2,114.5 billion in the same comparison.
“Looking at the fourth quarter, we achieved substantial improvement in our financial results both sequentially and year-over-year, underpinned by supportive market conditions across each of our segments,” President and CEO Peter Matt said in a statement on Thursday.
The company said demand remained stable during the quarter for its North America Steel Group. Shipments of finished steel products for the group grew by 3% relative to the year-ago period and were unchanged relative to the third quarter.
Additionally, CMC said its Arizona 2 micro-mill in Mesa, Ariz, generated positive adjusted EBITDA during the fourth quarter. The company has said it’s the first micro-mill in the world capable of rolling merchant bar quality products
Outlook
Matt said CMC expects consolidated financial results in Q1 of fiscal 2026 to be generally consistent with those of the fourth quarter.
Finished steel shipments within the North America Steel Group are seen following normal seasonal trends, “while our adjusted EBITDA margin is expected to increase sequentially on higher steel product margins over scrap,” Matt noted.
“As we enter fiscal 2026, I continue to be enthusiastic about the long-term outlook for our company and our ability to create significant value for our shareholders,” he concluded.
Ethan Bernard
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