BuybackAug 5, 2026, 07:04 AM
COMMERCIAL METALS Boosts Buyback by $600M to $717M; Sets FY29 Targets
AI Summary
COMMERCIAL METALS Company announced that its Board of Directors authorized a $600 million increase to its share repurchase program, bringing the total available capacity to approximately $717 million. This decision reflects confidence in the company's business strength and capital allocation strategy. Concurrently, during its Investor Day, the company unveiled long-term financial targets for fiscal 2029, including Core EBITDA of $1,650 million to $1,800 million and a Core EBITDA Margin of 15.0% to 16.0%.
Key Highlights
- Board authorized a $600 million increase in the share repurchase program.
- Total current share repurchase capacity is approximately $717 million.
- Company has repurchased $733 million under the existing program since October 2021.
- Set fiscal 2029 Core EBITDA target of $1,650 million to $1,800 million.
- Set fiscal 2029 Core EBITDA Margin target of 15.0% to 16.0%.
- Set fiscal 2029 Return on Invested Capital (ROIC) target of 13.0% to 14.5%.
- Set fiscal 2029 Free Cash Flow target of $1,375 million to $1,525 million.
- Held Investor Day on August 5, 2026, to discuss strategy and growth outlook.
Price Impact
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