COMMERCIAL METALS Co

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%.

Commercial Metals reported strong Q3 2026 results with net earnings of $173 million, up significantly from $83.1 million in the prior year, and basic EPS of $1.56. Year-to-date, the company achieved a substantial turnaround, reporting net earnings of $443.3 million compared to a $67.1 million loss in the previous year. The company also completed two major acquisitions, Foley for $1.84 billion and CP&P for $675 million, establishing its precast platform and rebranding a segment to Construction Solutions Group.

Commercial Metals Company (CMC) reported strong financial results for the third quarter of fiscal year 2026, with net earnings of $173.0 million and adjusted diluted EPS of $1.73, significantly up year-over-year. Consolidated core EBITDA surged 78.6% to $353.6 million, driven by robust market conditions, benefits from strategic initiatives, and contributions from recent acquisitions. The company also reduced its net leverage to 2.1x and declared a quarterly dividend of $0.20 per share, while anticipating sequential core EBITDA growth in the fourth quarter.

Commercial Metals Company (CMC) announced that its board of directors declared a regular quarterly cash dividend of $0.20 per share of common stock. This dividend, which is CMC's 247th consecutive quarterly payout, will be distributed on July 15, 2026, to shareholders on record as of July 6, 2026.

Commercial Metals Company announced the appointment of Michael R. Dumais to its Board of Directors as a Class II director, effective June 23, 2026. In conjunction with this appointment, the Board increased its total number of seats from nine to ten. Mr. Dumais, who previously served as Executive Vice President and Chief Transformation Officer at Raytheon Technologies Corporation, will join the Audit Committee and the Finance Committee.