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CMC's Strategic Vision for 2026 and Beyond

On August 5, 2026, CMC (NYSE: CMC) hosted its long-awaited Investor Day in the vibrant setting of New York City. This event showcased the robust plans and ambitious goals of the Company in transforming itself into a forefront innovator in early-stage construction solutions. With the leadership team taking the stage, key insights into CMC’s future direction were shared. Peter Matt, the President and CEO, emphasized the Company’s ongoing transformation and evolution, highlighting their efforts to secure a vital position within the construction sector.

Over recent years, CMC has strategically repositioned itself to emerge as an industry leader, delivering enhanced value across the construction ecosystem. The leadership underscored their vision for building a unique, differentiated business that not only meets but anticipates the surging demand for construction solutions. This transformation, they claim, is aimed at achieving more structurally higher margins and significantly increased free cash flow generation.

Financial Outlook for 2029

One of the highlights of the day was the unveiling of CMC's ambitious mid-cycle financial targets for the fiscal year 2029. The targets set forth include:

• - Core EBITDA: Projected to range between $1,650 million to $1,800 million.
• - Core EBITDA Margin: Expected to be between 15.0% to 16.0%.
• - Return on Invested Capital (ROIC): Forecasted between 13.0% to 14.5%.
• - Free Cash Flow: Anticipated in the range of $1,375 million to $1,525 million.

These targets signal an evolution in CMC’s fiscal management and underline its commitment to shareholder value.

Share Repurchase Program

In a bid to enhance shareholder confidence, CMC's Board of Directors rolled out an incremental $600 million share repurchase program during the Investor Day. This authorization lifts the total amount available for repurchase operations to approximately $717 million, further signaling CMC’s dedicated approach to shareholder value enhancement.

To reach a broader audience, the event was also streamed live, allowing investors and stakeholders who could not attend in person to engage with the valuable insights being shared. A replay, alongside supplementary materials from the event, will be available for interested parties post-event, ensuring that information remains accessible.

About CMC

Founded in 1915 and headquartered in Irving, Texas, CMC stands as a prominent player in the early-stage construction solutions arena. The Company has evolved from a singular recycling operation to a cornerstone of the steel reinforcing bar industry in the U.S. CMC’s offerings extend into subgrade soil stabilization, concrete pipe production, and precast products. Through a comprehensive manufacturing network concentrated in the United States and Central Europe, with operations extending to the UK, Europe, and Asia, CMC meets the demands of infrastructure, residential, and industrial markets.

Despite often being unseen, CMC’s products play an essential role in the construction of highways, bridges, airports, and commercial buildings—key structures that facilitate our daily lives.

Future Considerations

While CMC expresses optimism about its financial trajectory and market position, it does advise caution due to potential fluctuations in economic conditions, metal prices, and industry demand. Such factors underscore the complexities faced by the construction and steel industries.

As CMC continues to advance its strategic goals, stakeholders remain keenly watchful of how these anticipated changes manifest and contribute to long-term growth and shareholder confidence. With its focus firmly set on innovation and financial discipline, CMC is poised for what promises to be an exciting era in construction solutions.