The Vanguard Group filed Amendment No. 15 to a Schedule 13G/A reporting zero beneficial ownership of Commercial Metals Co common stock. The filing states that, following an internal realignment on January 12, 2026, certain Vanguard subsidiaries will report ownership separately under SEC Release No. 34-39538. The filing lists Amount beneficially owned: 0 and Percent of class: 0%.
The form is signed by Ashley Grim, Head of Global Fund Administration on 03/26/2026 and affirms that no other person known to Vanguard has an interest exceeding 5% in the reported securities.
Commercial Metals Company reported a strong fiscal Q2 2026, with net earnings of $93.0 million, or $0.83 per diluted share, on net sales of $2.1 billion, up from net earnings of $25.5 million on $1.8 billion in the prior-year quarter. Adjusted earnings rose to $130.1 million, or $1.16 per diluted share. Core EBITDA reached $297.5 million, growing about 114% year over year and producing a 14.0% core EBITDA margin.
The North America Steel Group delivered adjusted EBITDA of $269.7 million with a 16.8% margin, supported by higher steel product metal margins and TAG program benefits, despite weather-related disruptions. The Construction Solutions Group nearly doubled net sales to $314.4 million and grew adjusted EBITDA 127.1% to $53.4 million, helped by the newly acquired precast platform, which contributed $33.6 million of adjusted EBITDA, or $40.3 million excluding purchase accounting.
The Europe Steel Group posted an adjusted EBITDA loss of $1.4 million as volumes declined, although metal margins improved. Cash, cash equivalents and restricted cash totaled $503.6 million, and available liquidity exceeded $1.7 billion, with net leverage around 2.8x on a trailing basis and an illustrative 2.3x including full-year precast contributions. CMC repurchased 249,154 shares for $18.3 million and increased its quarterly dividend to $0.20 per share, an 11% raise, marking its 246th consecutive quarterly payment. Management expects consolidated core EBITDA to increase meaningfully in Q3 2026, with Construction Solutions Group adjusted EBITDA projected to nearly double sequentially and Europe Steel Group EBITDA to improve on higher seasonal volumes and an anticipated $20 million CO2 credit.
Commercial Metals Company announced that its board of directors has increased the regular quarterly cash dividend to $0.20 per share of common stock, up $0.02, or 11%, from the dividend paid in February 2026.
The dividend, which is the company’s 246th consecutive quarterly payment, will be paid on April 15, 2026 to stockholders of record as of the close of business on April 6, 2026. Management highlighted that the higher dividend reflects confidence in CMC’s cash flow, financial position and business outlook, and its commitment to delivering competitive cash returns alongside value-accretive growth.
Commercial Metals Company filed an amended report to add detailed historical and pro forma financial information related to its acquisition of Foley Products Company, LLC. CMC bought Foley for $1.84 billion in cash and did not assume Foley’s debt.
Foley generated $401.1 million in net sales and $126.0 million in net income for the year ended December 31, 2024, and $327.0 million in net sales with $100.3 million in net income for the nine months ended September 30, 2025.
To fund the deal, CMC issued two unsecured note tranches totaling $2.0 billion, with 5.750% notes due 2033 and 6.000% notes due 2035. Pro forma for the transaction, combined net sales for the year ended August 31, 2025 were $8.23 billion and net earnings were $83.3 million, reflecting higher interest expense from the new debt.
Commercial Metals Company officer Jennifer J. Durbin, former Chief HR & Communications Officer, reported selling 25,050 shares of common stock on February 3, 2026 at $79.97 per share. After this transaction, she beneficially owns 52,880 shares of Commercial Metals common stock directly.
Commercial Metals Company director John R. McPherson reported a small equity-related change in his holdings. On 02/02/2026, he acquired 31 shares of common stock, representing dividend equivalents deemed deferred into additional restricted stock units at a reference price of $80.38 per share. These units are fully vested and will be distributed in common shares after his service as a director ends, according to his elected distribution terms. Following this, he beneficially owns 19,285 common shares directly and 6,722 common shares indirectly through a limited partnership.
Commercial Metals Company director Robert S. Wetherbee reported a small equity-based award linked to his board service. On 02/02/2026, he acquired 5 shares of CMC common stock at a reference price of $80.38 through dividend equivalents deemed deferred into additional restricted stock units.
These restricted stock units are fully vested and will be distributed in shares of common stock after he leaves the board, based on his elected distribution terms. Following this transaction, he beneficially owns 13,284 shares of CMC common stock in direct ownership.
Commercial Metals Company Director Dawne S. Hickton reported the acquisition of additional common stock tied to her board service. On February 2, 2026, she received 3 shares of Common Stock at $80.38 per share, bringing her directly held stake to 2,764 shares.
According to the disclosure, these 3 shares represent dividend equivalents that were deemed deferred into additional restricted stock units. These units are fully vested and will be distributed in shares of common stock after her service as a Director ends, consistent with her elected distribution terms.
Commercial Metals Company Director Tandra C. Perkins received 14 additional common shares of CMC on February 2, 2026. The shares were credited at $80.38 each as dividend equivalents tied to existing director equity, increasing her directly held stake to 6,133 shares.
The dividend equivalents are deemed deferred into fully vested restricted stock units and will be distributable in shares of common stock after her service as a director ends, consistent with her elected distribution terms.
Commercial Metals Company director Dennis V. Arriola reported a small automatic share increase tied to director compensation. On 02/02/2026, he acquired 17 shares of Commercial Metals common stock at $80.38 per share, as shown in a Form 4 insider filing.
The filing explains these 17 shares represent dividend equivalents deemed deferred into additional restricted stock units, which are fully vested and will be distributed in common shares after his service as a director ends. Following this transaction, Arriola directly beneficially owns 9,255 shares of Commercial Metals common stock.