CMC targets FY29 core EBITDA of $1.65 billion-$1.8 billion - CMC News | RalliesCMC targets FY29 core EBITDA of $1.65 billion-$1.8 billion
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CMC• Commercial Metals sets FY29 mid-cycle targets and boosts buyback authorization
- Commercial Metals set FY29 mid-cycle targets for core EBITDA of $1.65 billion-$1.8 billion on a 15%-16% core EBITDA margin.
- FY29 ROIC target of 13%-14.5%.
- FY29 free cash flow target of $1.38 billion-$1.53 billion.
- The board authorized an incremental $600 million share repurchase program, lifting total remaining authorization to about $717 million.
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