CMC Increases Share Repurchase Program By $600M; Targets FY29 Core EBITDA $1.65B-1.8B And Core EBITDA Margin 15%-16%

FY29 Financial Targets1

CMC will introduce the following fiscal 2029 mid-cycle financial targets:

• Core EBITDA2: $1,650 million to $1,800 million
• Core EBITDA Margin3: 15.0% to 16.0%
• Return on Invested Capital (ROIC)4: 13.0% to 14.5%
• Free Cash Flow5: $1,375 million to $1,525 million

Share Repurchase Program

Reflecting its ongoing commitment to enhancing shareholder value, earlier today it was announced that CMC's Board of Directors authorized an incremental $600 million share repurchase program, bringing the total available repurchase authorization to approximately $717 million.