CMC boosts share buyback authorization by $600 million to about $717 million

Reuters2026/08/05 10:46

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Commercial Metals boosted its common stock repurchase authorization by USD 600 million, lifting remaining capacity to about USD 717 million.
Roughly USD 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Commercial Metals Company published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608050645PR_NEWS_USPR_____DA19027) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CMC boosts share buyback authorization by $600 million to about $717 million

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