Commercial Metals Company reports news on its steel and construction-solutions operations for infrastructure, non-residential, residential, industrial and energy markets. The company manufactures steel reinforcing bar, merchant bar, steel fence posts and wire rod, and supplies subgrade soil stabilization, foundation enhancement, concrete pipe and precast products through a manufacturing network concentrated in the United States and Central Europe, with additional operations in the United Kingdom, Europe and Asia.
Recurring CMC updates include quarterly earnings, steel product pricing and margin trends, Construction Solutions Group activity, completed precast acquisitions and integration, dividend declarations, board and governance changes, sustainability recognition and trade matters affecting rebar markets.
CMC (CMC) earned 2026 Great Place to Work certification in the United States, Poland and China, based on employee surveys.
The survey found that 82% of CMC employees said the company is a Great Place to Work, compared with 57% of employees at a typical U.S.-based company. Great Place to Work evaluates workplace culture, employee experience and leadership behaviors, including how consistently employees experience a high-trust workplace. CMC employs more than 13,000 people worldwide.
CMC (CMC) will host a webcast conference call covering its fourth quarter and full year fiscal 2026 earnings on Thursday, October 15, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central).
The event will feature President and CEO Peter Matt and Senior Vice President and CFO Paul Lawrence. The call will be available in listen-only mode via webcast on CMC's website at www.cmc.com.
CMC (NYSE: CMC) announced that it has been named to Newsweek's America's Greatest Companies 2026 list, an annual ranking developed with Plant-A Insights Group that recognizes 650 U.S. companies for financial leadership, innovation, employer performance and sustainability.
According to CMC, the recognition aligns with its ongoing business transformation, focus on operational excellence, employee support and responsible operations. The company highlights its differentiated platform in early-stage construction markets and its long-term strategy to build a stronger, more sustainable business serving infrastructure and building projects worldwide.
CMC (NYSE: CMC) is hosting its 2026 Investor Day in New York City, where leadership is presenting the company’s strategic vision as an early-stage construction solutions provider, along with growth opportunities, capital allocation priorities and long-term financial goals.
CMC outlined mid-cycle fiscal 2029 targets, including Core EBITDA of $1,650 million to $1,800 million, a Core EBITDA margin of 15.0% to 16.0%, Return on Invested Capital (ROIC) of 13.0% to 14.5%, and Free Cash Flow of $1,375 million to $1,525 million. According to CMC, its transformation is intended to support structurally higher margins and stronger free cash flow generation.
The Board of Directors has also authorized an incremental $600 million share repurchase program, increasing total available buyback authorization to approximately $717 million. The Investor Day is being webcast live, with a replay and materials available through the company’s investor relations website.
CMC (NYSE: CMC) announced that its Board of Directors has approved a $600 million increase to the company’s existing common stock repurchase program, bringing the total current repurchase capacity to approximately $717 million. Since the program began in October 2021, CMC has repurchased about $733 million of its common stock.
According to CMC, the expanded authorization reflects confidence in its business strength, long-term growth strategy and cash flow generation, and supports a capital allocation approach that balances business investment, shareholder returns and balance sheet strength. Repurchases may be made in open market or privately negotiated transactions and the program can be changed or terminated at any time.
CMC (NYSE: CMC) reported strong fiscal Q3 2026 results, with net earnings of $173.0 million or $1.55 per diluted share and adjusted earnings of $193.0 million or $1.73 per share.
Net sales reached $2.48 billion, core EBITDA rose to $353.6 million with a 14.2% margin, and net leverage improved to 2.1x. CMC repurchased $18.9 million of stock and declared a $0.20 quarterly dividend.
CMC (NYSE: CMC) declared a regular quarterly cash dividend of $0.20 per share on its common stock. This represents CMC's 247th consecutive quarterly dividend.
The dividend is payable on July 15, 2026 to shareholders of record at the close of business on July 6, 2026.
CMC (NYSE: CMC) will host its 2026 Investor Day on August 5, 2026. President and CEO Peter Matt and the executive leadership team will present updates on strategy, operations, and long-term growth plans.
The event will be webcast live via CMC's investor relations website, with replay and materials available afterward.
CMC (NYSE: CMC) will host a webcasted conference call to discuss its fiscal 2026 third quarter earnings on Thursday, June 25, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central). Investors can access the listen-only webcast via the CMC website.
CMC (NYSE: CMC) appointed Michael "Mike" Dumais to its Board of Directors, effective June 23, 2026. Mr. Dumais brings over 30 years of industrial operations and strategy experience, including senior roles at Raytheon Technologies and United Technologies.
His appointment raises the Board to 10 directors (nine independent) and assigns him to the Audit and Finance Committees.