Commercial Metals (CMC) Delivers Strong Q1 Performance Driven by TAG Program and Market Resilience
Commercial Metals Company (CMC) reported robust fiscal first-quarter results for the period ended November 30, 2025, fueled by high operational execution and strategic margin expansion initiatives.
Summary
The company demonstrated significant financial strength through constructive market conditions and the successful scaling of its TAG program. CEO Peter Matt confirmed that CMC is on track to meet or exceed its fiscal 2026 goal of a $150 million annualized run-rate EBITDA benefit. This performance reflects the company's ability to maintain commercial momentum despite broader macroeconomic fluctuations in the industrial sector. Investors are closely monitoring how these internal efficiencies will offset potential volatility in raw material costs and construction demand.
Potential Positives
- The TAG program is delivering tangible margin expansion, providing a clear pathway to the $150 million EBITDA target.
- Strong operational execution across the company's footprint suggests high capacity utilization and cost control.
- Constructive market conditions in core segments provide a stable backdrop for continued revenue growth.
Potential Negatives
- Potential cyclical downturns in the construction sector could impact long-term demand for steel products.
- Fluctuations in scrap metal pricing and energy costs may pressure margins if not fully offset by internal efficiencies.
- Macroeconomic uncertainty and interest rate environments remain a risk factor for large-scale infrastructure projects.
FAQ
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Sign Up$CMC Revenue
$CMC had revenues of $2.1B in Q1 2026.This is an increase of 11.03% from the same period in the prior year.
You can track financials on financials dashboard.
$CMC Insider Trading Activity
$CMC insiders have traded $CMC stock on the open market 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CMC stock by insiders over the last 6 months:
- Halloran Brian N. (SVP, N. America Steel Group) has made 1 sales selling 6,232 shares for an estimated $373,109.84.
- McPherson John R has made 2 purchases buying 1,722 shares for an estimated $100,036.88.
To track insider transactions, check out insider trading dashboard.
$CMC Analyst Ratings
Wall Street analysts have issued reports on $CMC in the last several months. We have seen 12 firms issue buy ratings on the stock, and 2 firms issue sell ratings.
Here are some recent analyst ratings:
- Wells Fargo issued a "Overweight" rating on 2025-12-15
- Jefferies issued a "Buy" rating on 2025-12-10
- JP Morgan issued a "Overweight" rating on 2025-12-05
- Wells Fargo issued a "Overweight" rating on 2025-11-06
- Morgan Stanley issued a "Overweight" rating on 2025-10-24
- Goldman Sachs issued a "Buy" rating on 2025-10-23
- Jefferies issued a "Hold" rating on 2025-10-22
- JP Morgan issued a "Neutral" rating on 2025-10-20
- Citigroup issued a "Buy" rating on 2025-10-17
- JP Morgan issued a "Neutral" rating on 2025-10-13
