CMC Increases Share Repurchase Program By $600M; Targets FY29 Core EBITDA $1.65B-1.8B And Core EBITDA Margin 15%-16%
FY29 Financial Targets1CMC will introduce the following fiscal 2029 mid-cycle financial targets:Core EBITDA2: $1,650 million to $1,800 millionCore EBITDA Margin3: 15.0% to 16.0%Return on Invested Capital (ROIC)4: 13.0%
CMC is buying back more of its own stock (a sign of confidence) and setting goals to earn more money and keep more of it as profit by 2029. When a company believes in itself this much, it's worth watching how well it actually hits those targets.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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