Commercial Metals (CMC) Q3 FY26 earnings call

CMC framed a three-year-high EBITDA quarter as one that 'could have been even better,' pinning the softness on outages, scrap spikes and weather it calls temporary and already reversing into Q4. The forward stance is confident: mills are running, price increases are taking hold, precast integration is ahead of plan, and a capex step-down plus deleveraging sets up a cash-flow inflection and a return to shareholder distributions near the 2x leverage fulcrum.