Commercial Metals Company (CMC) reported second-quarter fiscal 2025 net earnings of $25.5 million, or $0.22 per diluted share, with adjusted earnings of $29.3 million, or $0.26 per diluted share. The company posted consolidated core EBITDA of $131.0 million and a core EBITDA margin of 7.5%.

Strong demand in North America drove a 3.3% increase in finished steel shipments compared to the prior year. The backlog volume in North America remained stable year-over-year and increased sequentially. In Europe, CMC's steel group achieved adjusted EBITDA breakeven due to effective cost management. The emerging businesses segment saw increased profitability despite seasonal headwinds.

CEO Peter Matt highlighted improving market conditions, particularly in scrap prices, long steel pricing, and construction project awards. The company remains optimistic about infrastructure spending and long-term construction market fundamentals.

CMC ended the quarter with cash and cash equivalents of $758.4 million and total liquidity of nearly $1.6 billion. It repurchased approximately 906,603 shares valued at $48 million. The board declared a quarterly dividend of $0.18 per share, marking the company’s 242nd consecutive quarterly dividend.

Looking ahead, CMC expects improved financial performance in the third quarter, with higher steel shipments and stronger adjusted EBITDA margins. The European steel segment is projected to remain near breakeven, while the emerging businesses segment is expected to outperform the prior year.

Commercial Metals Company (CMC) has announced a regular quarterly cash dividend of $0.18 per share of its common stock. The dividend will be paid on April 9, 2025, to stockholders of record as of March 31, 2025. The announcement was made through a press release on March 19, 2025.