other material
confidence high
sentiment positive
materiality 0.85
CMC sets FY29 mid-cycle targets: Core EBITDA $1.65-1.8B, ROIC 13-14.5%; adds $600M buyback
COMMERCIAL METALS Co
- FY29 mid-cycle targets: Core EBITDA $1.65B-$1.8B, Core EBITDA margin 15-16%, ROIC 13-14.5%, Free Cash Flow $1.375B-$1.525B.
- Board authorized $600M increase in share repurchase program, total capacity now ~$717M.
- Since Oct 2021, ~$733M of stock repurchased under existing program.
- CEO Peter Matt highlights transformation into early-stage construction solutions provider with structurally higher margins.