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CMC sets strong 2029 financial targets and launches $600M share buyback to boost shareholder value

Company Fundamentals
05 Aug 2026
PRNewsWire
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Bullish
CMC sets strong 2029 financial targets and launches $600M share buyback to boost shareholder value

CMC announced its 2029 financial goals, targeting $1.65-$1.8 billion in core EBITDA, 15-16% EBITDA margin, 13-14.5% ROIC, and $1.375-$1.525 billion in free cash flow. The company also authorized a $600 million share repurchase program, increasing total buyback capacity to $717 million, aiming to enhance shareholder returns. CMC's leadership highlighted ongoing transformation efforts to strengthen margins and cash flow amid robust construction demand. Investors can follow the live webcast of the 2026 Investor Day for more insights.

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