CMC boosts share buyback authorization by $600 million to about $717 million
CMC•Commercial Metals expands repurchase program
- Commercial Metals boosted its common stock repurchase authorization by $600 million, lifting remaining capacity to about $717 million.
- Roughly $733 million of stock has been repurchased under the program since it was launched in October 2021.
- Buybacks may occur in open-market or privately negotiated transactions, including via Rule 10b5-1 plans.
- Management will set timing and size based on market conditions, cash use priorities, and other factors.
- The board can modify, suspend, extend, or end the program at any time.
