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News Release CMC Commercial Metals Exhibit No. 99.1 • • COMMERCIAL METALS COMPANY REPORTS RECORD THIRD QUARTER FISCAL 2021 RESULTS Achieves record Earnings from Continuing Operations of $ 130 million , or $ 1.07 per diluted share ; record Core EBITDA from Continuing Operations of $ 230 million , up 49 % year - over - year and 35 % sequentially ; and record North America and Europe segment Adjusted EBITDA Network optimization initiative continues ; seventh consecutive quarter of year - over - year reduction in North America controllable costs per ton Key strategic milestones include commissioning of third Polish rolling line and receipt of air permit for Arizona 2 project Irving , TX - June 17 , 2021 - Commercial Metals Company ( NYSE : CMC ) today announced financial results for its fiscal third quarter ended May 31 , 2021. Earnings from continuing operations were $ 130.4 million , or $ 1.07 per diluted share , on net sales of $ 1.8 billion , compared to prior year earnings from continuing operations of $ 64.2 million , or $ 0.53 per diluted share , on net sales of $ 1.3 billion . During the third quarter of fiscal 2021 , the Company recorded a net after - tax benefit of $ 3.3 million , chiefly related to the sale of a small railway track reclamation business . Excluding this item , third quarter adjusted earnings from continuing operations were $ 127.1 million , or $ 1.04 per diluted share , compared to adjusted earnings from continuing operations of $ 70.4 million , or $ 0.59 per diluted share , in the prior year period . " Adjusted EBITDA from continuing operations " , " core EBITDA from continuing operations " , " adjusted earnings from continuing operations " and " adjusted earnings from continuing operations per diluted share " are non - GAAP financial measures . Details , including a reconciliation of each such non - GAAP financial measure , to the most directly comparable measure , prepared and presented in accordance with GAAP can be found in the financial tables that follow . Barbara R. Smith , Chairman of the Board , President and Chief Executive Officer , commented , " CMC achieved exceptional results during the third quarter . Demand for our products was robust and our teams executed well , setting new production and shipment records at several of our facilities . We continued to tightly manage the operating factors within our control , and again reduced year - over - year production costs per ton . Our excellent third quarter performance is a testament to the operational flexibility and earnings power of the new , strategically transformed CMC , and I could not be more proud of our many accomplishments . " Ms. Smith continued , " CMC set several operational and financial performance records at the segment as well as consolidated level , and we further enhanced our balance sheet and leverage positions , which are now the most attractive in CMC's history . We are also continuing to build for the future : We made significant progress on key