Stock Track | Commercial Metals Plummets 5.14% Intraday on Weak Q2 EBITDA Outlook Despite Strong Q1 Results
Stock Track01-08
Commercial Metals (CMC) saw its shares drop sharply by 5.14% during intraday trading on Thursday, as investors reacted negatively to the company's cautious outlook for the second quarter of fiscal 2026.
The decline came despite CMC reporting strong Q1 results, with adjusted EPS of $1.84 beating estimates of $1.56 and revenue of $2.12 billion surpassing expectations. The company attributed the robust performance to solid demand and operational efficiency.
However, management warned that Q2 core EBITDA is expected to decline modestly due to seasonal slowdowns, planned maintenance outages, and acquisition-related expenses. This guidance overshadowed the positive Q1 earnings, leading to the sell-off.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
