Dividends & Buybacks ·
Commercial Metals Company announced an increase in its ongoing share repurchase program by $600 million, bringing the…
CMCCOMMERCIAL METALS Co
Commercial Metals Company announced an increase in its ongoing share repurchase program by $600 million, bringing the total available authorization to approximately $717 million. Concurrently, the company hosted its 2026 Investor Day and released long-term financial targets for fiscal year 2029, including Core EBITDA of $1.65 billion to $1.80 billion, a Core EBITDA margin of 15.0% to 16.0%, Return on Invested Capital of 13.0% to 14.5%, and Free Cash Flow of $1.375 billion to $1.525 billion. The company operates in the steel recycling, manufacturing, and early-stage construction solutions industry.