美国工商五金 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended November30, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromtoCommission file number 1-4304___________________________________ COMMERCIAL METALS COMPANY (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (214) 689-4300(Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section12(b) of the Act: Name of Each Exchange on Which Registered New York Stock Exchange Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 (the "Exchange Act") during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of January2, 2026,110,907,418shares of the registrant's common stock, par value $0.01 per share, were outstanding. COMMERCIAL METALS COMPANY AND SUBSIDIARIESTABLE OF CONTENTS PART I — FINANCIAL INFORMATION3Item1. Financial Statements3Condensed Consolidated Statements of Earnings (Loss) (Unaudited) - Three months ended November 30, 2025 and 20243Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - Three months ended November 30, 2025and 20244Condensed Consolidated Balance Sheets (Unaudited) - November 30, 2025 and August31, 20255Condensed Consolidated Statements of Cash Flows (Unaudited) - Three months ended November 30, 2025 and 20246Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - Three months ended November 30, 2025 and 20248Notes to Condensed Consolidated Financial Statements (Unaudited)9Note 1. Nature of Operations and Significant Accounting Policies9Note 2. Changes in Business10Note 3. Accumulated Other Comprehensive Loss11Note 4. Revenue Recognition11Note 5. Inventories, Net12Note 6. Goodwill and Other Intangibles13Note 7. Credit Arrangements15Note 8. Derivatives16Note 9. Fair Value17Note 10. Income Tax19Note 11. Stock-Based Compensation Plans19Note 12. Stockholders' Equity and Earnings (Loss) Per Share20Note 13. Commitments and Contingencies20Note 14. Segment Information21Item2. Management's Discussion and Analysis of Financial Condition and Results of Operations24Item3. Quantitative and Qualitative Disclosures About Market Risk35Item4. Controls and Procedures35PART II — OTHER INFORMATION36 Item1. Legal ProceedingsItem1A. Risk FactorsItem2. Unregistered Sales of Equity Securities and Use of ProceedsItem3. Defaults Upon Senior SecuritiesItem4. Mine Safety DisclosuresItem5. Other InformationItem6. ExhibitsSignature ITEM 1. FINANCIAL STATEMENTS COMMERCIAL METALS COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (UNAUDITED) COMMERCIAL METALS COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)Three Months Ended November 30, COMMERCIAL METALS COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) COMMERCIAL METALS COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) COMMERCIAL METALS COMPANY AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1. NATURE OF OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States ("GAAP") on a basis consistent with that used in the Annual Report on Form 10-Kfor the year ended August31, 2025 (the "2025 Form 10-K") filed by Commercial Metals Company ("CMC," and together with itsconsolidated subsidiaries, the "Company") with the United State