08:58 AM EDT, 03/26/2026 (MT Newswires) -- Commercial Metals ( CMC ) reported fiscal second-quarter earnings below market estimates on Thursday, although revenue surpassed expectations amid gains across all business segments.

The metal products manufacturer's adjusted earnings jumped to $1.16 a share for the quarter ended Feb. 28 from $0.31 a year earlier, but trailed the FactSet-polled consensus of $1.28. Sales increased to $2.13 billion from $1.75 billion, ahead of the Street's view for $2.09 billion.

Shares of the company were down 3.2% in the most recent premarket activity.

"While weather disruptions temporarily impacted much of our North American footprint during the quarter, we were encouraged by the favorable underlying market conditions across our segments," Chief Executive Peter Matt said in a statement. "Overall, our strong second-quarter results demonstrate continued progress toward our goal of meaningfully and sustainably enhancing (Commercial Metals' ( CMC )) financial profile and earnings power."

Revenue from the North America steel group segment inclined to $1.61 billion from $1.39 billion in the prior-year quarter. Average daily volume of finished steel products remained flat on an annual basis. European steel sales rose to $200 million from $198 million last year.

The construction solutions business saw revenue soar 98% to $314.4 million, driven by the addition of the company's precast platform.

Commercial Metals ( CMC ) anticipates core earnings before interest, taxes, depreciation and amortization to increase "meaningfully" on a sequential basis in the third quarter due to "normal seasonal improvement" within its key markets and margin strength across its North American operations, according to Matt. The metric surged 114% year over year to $297.5 million in the previous three-month period.

The company hasn't yet experienced any direct impact from the ongoing conflict in the Middle East on its US market, but continues to closely monitor the situation for "potential demand disruptions or cost inflation," Matt said. "Energy costs in Europe have risen, though the magnitude of the financial effect will depend on the duration of the conflict," the CEO added.

The US-Israel war with Iran, which started at the end of last month, has sent energy prices climbing amid the closure of the Strait of Hormuz, the world's most important chokepoint for crude flows.

The firm is "well-positioned" to see additional growth during the second half of fiscal 2026, according to Matt.