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- Psg Antitrust Judgment ($373.5m Accrued Liability) (worsened) — Post-trial motion denied Sept 2025; appeal filed Oct 2025; accrued liability increased $11.2M to $373.5M for post-judgment interest; company warns cash payments could significantly impact liquidity unless judgment overturned or reduced.
CMC acquires $2.5B precast platform, posts 108% EPS gain on margin expansion and lower tax rate
Filed June 29, 2026 · Period ending May 31, 2026 · Compared to 10-Q Jun 24, 2025 · ~2 min read
Key Changes
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Acquired Foley ($1.84B) and CP&P ($675M) in Dec 2025, creating precast-concrete platform that contributed $175.7M in Q3 sales; funded by $2B senior notes (5.75% 2033, 6.00% 2035) that increased interest expense $29.3M in quarter.
MD&A: Acquisitions & Financing verify on EDGAR → -
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Diluted EPS rose 112% to $1.55 (nine-month $3.96 vs. $(0.59) prior year) on North America steel metal margin expansion of 22% per ton and absence of prior-year $358.5M PSG litigation charge, partially offset by $29.3M higher interest expense.
MD&A: Earnings verify on EDGAR → -
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Effective tax rate fell to 7.9% for nine months (from 21.7% prior year) due to $88.7M section 48C investment tax credit for West Virginia micro mill, expected to commission during 2026.
Notes: Tax Credit verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 6, 2026 · How we verify