IRVING, Texas, Aug. 5, 2026 /PRNewswire/ -- CMC (NYSE:CMC) (the &#34;Company&#34; or &#34;CMC&#34;) today announced that its Board of Directors has authorized a $600.0 million increase in the Company&#39;s existing

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">IRVING, Texas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Aug. 5, 2026</span> /PRNewswire/ -- CMC (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CMC">CMC</a>) (the &#34;Company&#34; or &#34;CMC&#34;) today announced that its Board of Directors has authorized a $600.0 million increase in the Company&#39;s existing common stock repurchase program, bringing the total current capacity of the program to approximately $717.0 million. Approximately $733.0 million of the Company&#39;s common stock has been repurchased under the existing program since its authorization in October 2021.</p>
<p xmlns="http://www.w3.org/1999/xhtml">&#34;This share repurchase authorization reflects our confidence in the strength of our business, our long-term growth strategy, and our ability to continue generating strong cash flow&#34;, said Peter R. Matt, President and Chief Executive Officer. &#34;We remain committed to a disciplined capital allocation approach that balances investment in our business, returning capital to shareholders, and maintaining a strong balance sheet.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">CMC intends to repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws, including Rule 10b5-1 programs. The timing and the amount of repurchases, if any, will be determined by the Company&#39;s management based on its evaluation of market conditions, capital allocation alternatives and other factors. The share repurchase program does not require the Company to acquire any dollar amount or number of shares of CMC common stock and may be modified, suspended, extended or terminated by the Company&#39;s Board of Directors at any time without prior notice.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">About CMC </u></b></p><p xmlns="http://www.w3.org/1999/xhtml">CMC is a Fortune 500 company headquartered in Irving, Texas, and a leading provider of early-stage construction solutions that support the foundational phases of modern infrastructure and building projects. Founded in 1915, CMC has grown from a single-site recycling operation to one of the largest U.S. manufacturers of steel reinforcing bar, a leading producer of subgrade soil stabilization and foundation enhancement solutions and a major supplier of concrete pipe and precast products.</p><p xmlns="http://www.w3.org/1999/xhtml">Through an extensive manufacturing network primarily located in the United States and Central Europe, with strategic operations in the United Kingdom, Europe and Asia, CMC serves infrastructure, non-residential, residential, industrial and energy markets. While often unseen, CMC&#39;s products are essential to highways, bridges, airports, commercial buildings and other critical structures that support everyday life.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements </u></b></p><p xmlns="http://www.w3.org/1999/xhtml">This news release contains forward-looking statements within the meaning of the federal securities laws with respect to the Company&#39;s capital allocation strategy and plans to repurchase shares of common stock under the authorized share repurchase program. The statements in this release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management &#34;expects,&#34; &#34;anticipates,&#34; &#34;believes,&#34; &#34;estimates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;may,&#34; &#34;plans to,&#34; &#34;ought,&#34; &#34;could,&#34; &#34;will,&#34; &#34;should,&#34; &#34;likely,&#34; &#34;appears,&#34; &#34;projects,&#34; &#34;forecasts,&#34; &#34;outlook&#34; or other similar words or phrases, as well as by discussions of strategy, plans or intentions.</p><p xmlns="http://www.w3.org/1999/xhtml">The Company&#39;s forward-looking statements are based on management&#39;s expectations and beliefs as of the time this news release was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the U.S. Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, &#34;Risk Factors&#34; of our annual report on Form 10-K for the fiscal year ended August 31, 2025, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of additional steelmaking capacity expected to come online from a number of ongoing electric arc furnace projects in the U.S.; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance (&#34;ESG&#34;) matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers&#39; abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=DA19027&amp;sd=2026-08-05"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/cmc-announces-600-million-increase-in-share-repurchase-program-authorization-302843102.html" target="_blank">https://www.prnewswire.com/news-releases/cmc-announces-600-million-increase-in-share-repurchase-program-authorization-302843102.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE CMC</p>

CMC Announces $600 Million Increase in Share Repurchase Program Authorization

CMC Increases Buyback Capacity, Signaling Confidence in Cash Flow and Growth

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>IRVING, Texas, Aug. 5, 2026 /PRNewswire/ -- CMC (NYSE:CMC) (the &amp;#34;Company&amp;#34; or &amp;#34;CMC&amp;#34;) today announced that its Board of Directors has authorized a $600.0 million increase in the Company&amp;#39;s existing</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>CMC announced a $600 million increase to its share repurchase program, lifting total capacity to about $717 million. Management framed the move as evidence of strong cash flow and disciplined capital allocation. The development could support the stock near term as management has flexibility to repurchase shares in open market or privately negotiated deals based on market conditions.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>CMC raises buyback capacity by $600M to $717M total. Signals strong cash flow.</li><li>Board may repurchase in open market or private deals. Timing flexible.</li><li>Approximately $733M repurchased since Oct 2021 authorization.</li><li>CEO: disciplined capital allocation and long-term growth underpin the move.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>CMC (CMC)</strong>: Announces a $600M increase in its buyback program, signaling confidence in cash flow and capital allocation.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate developments around capital allocation signaling management&#039;s confidence in ongoing cash generation; buyback activity tends to correlate with per-share improvements and investor sentiment.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Buyback capacity expansion may limit float and provide price support.</li><li>Execution timing is discretionary, introducing near-term price uncertainty.</li><li>Sustained cash flow signals could attract momentum buyers.</li><li>No new earnings guidance; price impact depends on actual repurchase pace.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Board authorized a $600.0 million increase in the share repurchase program.</li><li>Total current capacity after increase is approximately $717.0 million.</li><li>Approximately $733.0 million has been repurchased since October 2021.</li><li>Press release date: August 5, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>In the next 3–6 months, expect a modest positive bias as buybacks reduce share count and support EPS.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">IRVING, Texas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Aug. 5, 2026</span> /PRNewswire/ -- CMC (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CMC">CMC</a>) (the &#34;Company&#34; or &#34;CMC&#34;) today announced that its Board of Directors has authorized a $600.0 million increase in the Company&#39;s existing common stock repurchase program, bringing the total current capacity of the program to approximately $717.0 million. Approximately $733.0 million of the Company&#39;s common stock has been repurchased under the existing program since its authorization in October 2021.</p>
<p xmlns="http://www.w3.org/1999/xhtml">&#34;This share repurchase authorization reflects our confidence in the strength of our business, our long-term growth strategy, and our ability to continue generating strong cash flow&#34;, said Peter R. Matt, President and Chief Executive Officer. &#34;We remain committed to a disciplined capital allocation approach that balances investment in our business, returning capital to shareholders, and maintaining a strong balance sheet.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">CMC intends to repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws, including Rule 10b5-1 programs. The timing and the amount of repurchases, if any, will be determined by the Company&#39;s management based on its evaluation of market conditions, capital allocation alternatives and other factors. The share repurchase program does not require the Company to acquire any dollar amount or number of shares of CMC common stock and may be modified, suspended, extended or terminated by the Company&#39;s Board of Directors at any time without prior notice.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">About CMC </u></b></p><p xmlns="http://www.w3.org/1999/xhtml">CMC is a Fortune 500 company headquartered in Irving, Texas, and a leading provider of early-stage construction solutions that support the foundational phases of modern infrastructure and building projects. Founded in 1915, CMC has grown from a single-site recycling operation to one of the largest U.S. manufacturers of steel reinforcing bar, a leading producer of subgrade soil stabilization and foundation enhancement solutions and a major supplier of concrete pipe and precast products.</p><p xmlns="http://www.w3.org/1999/xhtml">Through an extensive manufacturing network primarily located in the United States and Central Europe, with strategic operations in the United Kingdom, Europe and Asia, CMC serves infrastructure, non-residential, residential, industrial and energy markets. While often unseen, CMC&#39;s products are essential to highways, bridges, airports, commercial buildings and other critical structures that support everyday life.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements </u></b></p><p xmlns="http://www.w3.org/1999/xhtml">This news release contains forward-looking statements within the meaning of the federal securities laws with respect to the Company&#39;s capital allocation strategy and plans to repurchase shares of common stock under the authorized share repurchase program. The statements in this release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management &#34;expects,&#34; &#34;anticipates,&#34; &#34;believes,&#34; &#34;estimates,&#34; &#34;future,&#34; &#34;intends,&#34; &#34;may,&#34; &#34;plans to,&#34; &#34;ought,&#34; &#34;could,&#34; &#34;will,&#34; &#34;should,&#34; &#34;likely,&#34; &#34;appears,&#34; &#34;projects,&#34; &#34;forecasts,&#34; &#34;outlook&#34; or other similar words or phrases, as well as by discussions of strategy, plans or intentions.</p><p xmlns="http://www.w3.org/1999/xhtml">The Company&#39;s forward-looking statements are based on management&#39;s expectations and beliefs as of the time this news release was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the U.S. Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, &#34;Risk Factors&#34; of our annual report on Form 10-K for the fiscal year ended August 31, 2025, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of additional steelmaking capacity expected to come online from a number of ongoing electric arc furnace projects in the U.S.; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance (&#34;ESG&#34;) matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers&#39; abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=DA19027&amp;sd=2026-08-05"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/cmc-announces-600-million-increase-in-share-repurchase-program-authorization-302843102.html" target="_blank">https://www.prnewswire.com/news-releases/cmc-announces-600-million-increase-in-share-repurchase-program-authorization-302843102.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE CMC</p>

CMC announced a $600 million increase to its share repurchase program, lifting total capacity to about $717 million. Management framed the move as evidence of strong cash flow and disciplined capital allocation. The development could support the stock near term as management has flexibility to repurchase shares in open market or privately negotiated deals based on market conditions.

News insight

CMC Announces $600 Million Increase in Share Repurchase Program Authorization

AI summary

Sentiment rationale

Key facts

Corporate Developments