The information in this article is based on a press release statement from Commercial Metals Company. IRVING, Texas - Commercial Metals Company  NYSE  NYSE CMC , a prominent player in providing solutions for the construction sector, has expanded its share repurchase program by an additional $500 million, as announced today.IRVING, Texas - Commercial Metals Company  NYSE  NYSE CMC , a prominent player in providing solutions for the construction sector, has expanded its share repurchase program by an additional $500 million, as announced today. Peter R. Matt, President and CEO of CMC, stated that the company's solid financial position enables it to pursue growth opportunities while also delivering value to its shareholders through the return of free cash flow. CMC plans to execute the repurchases opportunistically, in the open market or through privately negotiated transactions, adhering to federal securities laws and Rule 10b5-1 trading plans. It is important to note that the program does not obligate CMC to repurchase a specific dollar amount or number of shares, and it can be adjusted, paused, or discontinued at the discretion of the Board of Directors at any time. Since the initiation of the buyback program in October 2021,  CMC   NS CMC  has repurchased approximately $310 million of its own stock. CMC is known for its manufacturing network in the United States and Central Europe, catering to the reinforcement needs of various construction applications, such as infrastructure, non-residential, residential, industrial, and energy generation and transmission.IRVING, Texas - Commercial Metals Company  NYSE  NYSE CMC , a prominent player in providing solutions for the construction sector, has expanded its share repurchase program by an additional $500 million, as announced today. Peter R. Matt, President and CEO of CMC, stated that the company's solid financial position enables it to pursue growth opportunities while also delivering value to its shareholders through the return of free cash flow. CMC plans to execute the repurchases opportunistically, in the open market or through privately negotiated transactions, adhering to federal securities laws and Rule 10b5-1 trading plans. It is important to note that the program does not obligate CMC to repurchase a specific dollar amount or number of shares, and it can be adjusted, paused, or discontinued at the discretion of the Board of Directors at any time. Since the initiation of the buyback program in October 2021,  CMC   NS CMC  has repurchased approximately $310 million of its own stock. CMC is known for its manufacturing network in the United States and Central Europe, catering to the reinforcement needs of various construction applications, such as infrastructure, non-residential, residential, industrial, and energy generation and transmission.IRVING, Texas - Commercial Metals Company  NYSE  NYSE CMC , a prominent player in providing solutions for the construction sector, has expanded its share repurchase program by an additional $500 million, as announced today. Peter R. Matt, President and CEO of CMC, stated that the company's solid financial position enables it to pursue growth opportunities while also delivering value to its shareholders through the return of free cash flow. CMC plans to execute the repurchases opportunistically, in the open market or through privately negotiated transactions, adhering to federal securities laws and Rule 10b5-1 trading plans. It is important to note that the program does not obligate CMC to repurchase a specific dollar amount or number of shares, and it can be adjusted, paused, or discontinued at the discretion of the Board of Directors at any time. Since the initiation of the buyback program in October 2021,  CMC   NS CMC  has repurchased approximately $310 million of its own stock. CMC is known for its manufacturing network in the United States and Central Europe, catering to the reinforcement needs of various construction applications, such as infrastructure, non-residential, residential, industrial, and energy generation and transmission.IRVING, Texas - Commercial Metals Company  NYSE  NYSE CMC , a prominent player in providing solutions for the construction sector, has expanded its share repurchase program by an additional $500 million, as announced today. Peter R. Matt, President and CEO of CMC, stated that the company's solid financial position enables it to pursue growth opportunities while also delivering value to its shareholders through the return of free cash flow. CMC plans to execute the repurchases opportunistically, in the open market or through privately negotiated transactions, adhering to federal securities laws and Rule 10b5-1 trading plans. It is important to note that the program does not obligate CMC to repurchase a specific dollar amount or number of shares, and it can be adjusted, paused, or discontinued at the discretion of the Board of Directors at any time. Since the initiation of the buyback program in October 2021,  CMC   NS CMC  has repurchased approximately $310 million of its own stock. CMC is known for its manufacturing network in the United States and Central Europe, catering to the reinforcement needs of various construction applications, such as infrastructure, non-residential, residential, industrial, and energy generation and transmission.
Commercial Metals Company (CMC) has expanded its share repurchase program by $500 million, bringing the total to $810 million since October 2021. The company's strong financial position allows it to pursue growth opportunities while returning value to shareholders through share repurchases.