Commercial Metals Company $(CMC)$ has announced its financial results for the third quarter of fiscal 2025, reporting net earnings of $83.1 million, or $0.73 per diluted share, on net sales of $2.0 billion. This compares to net earnings of $119.4 million, or $1.02 per diluted share, on net sales of $2.1 billion during the same period last year. The company's adjusted earnings for the quarter were $84.4 million, or $0.74 per diluted share, down from $119.6 million, or $1.02 per diluted share, in the prior year period. The third quarter saw a consolidated core EBITDA of $204.1 million, with a core EBITDA margin of 10.1%. Notably, North American steel product metal margins improved during the quarter, ending at a rate above the average for the period. The Emerging Businesses Group showed profitability improvements both sequentially and year-over-year, with its adjusted EBITDA margin rising to 20.7%. In Europe, the Steel Group surpassed breakeven due to better market fundamentals and strong cost performance. Looking ahead, CMC anticipates improved consolidated financial results in the fourth quarter of fiscal 2025. The company expects finished steel shipments within the North America Steel Group to align with typical seasonal trends and projects an increase in adjusted EBITDA margin due to higher steel product margins over scrap. The Emerging Businesses Group is also projected to see financial improvements on a sequential and year-over-year basis. Additionally, the Europe Steel Group is set to receive a CO2 credit of approximately $28 million in the fourth quarter, with a second tranche expected in the first quarter of fiscal 2026. Excluding this credit, the adjusted EBITDA for the Europe Steel Group is expected to rise sequentially, supported by favorable market fundamentals and strong cost management.