How many shares did CMC repurchase during Q3 fiscal 2026, and at what price?

CMC repurchased 283,335 shares for a total of $18.9 million, equivalent to an average price of approximately $66.72 per share. This represented discretionary open-market buyback activity executed during the fiscal quarter ended May 31, 2026.

How much authorization remains for future CMC share repurchases?

As of May 31, 2026, CMC had $128.9 million remaining under its current share repurchase authorization. The filing does not disclose the original total authorization amount or authorization date.

Why might CMC be repurchasing shares while also reducing debt?

CMC is balancing multiple capital priorities: reducing leverage (net leverage at 2.1x with a target below 2.0x by mid-2027), funding strategic acquisitions (precast businesses acquired during the period), paying dividends (247 consecutive quarterly payments), and returning value through buybacks. The relatively modest quarterly buyback of $18.9 million suggests the company is prioritizing deleveraging and growth investments ahead of aggressive share repurchases.

What is CMC's overall approach to share repurchases?

CMC operates a share repurchase program on an opportunistic basis under Rule 10b-18, repurchasing shares when market conditions and company financial position permit. The company does not appear to follow a fixed dollar or share target, instead maintaining available authorization for flexible execution based on operational and market circumstances.

How do the Q3 buybacks affect CMC's share count?

The 283,335-share repurchase reduced the share count by approximately 0.25% during the quarter. Average diluted shares outstanding were 111.7 million in Q3, indicating the buyback had a minimal but positive per-share earnings accretion over the period.

Did CMC authorize a new share repurchase program in this filing?

No. This filing reports execution of buybacks under a previously existing share repurchase authorization. The company did not announce a new authorization in the Q3 earnings release.

CMC 8-K Filed 2026-06-25 Execution disclosure

CMC repurchased 283K shares for $18.9M in Q3 FY2026

Commercial Metals completed quarter-end buybacks with $128.9M remaining under current authorization

Shares repurchased283K

Avg price paid$66.72

Remaining$129M

MechanismRule 10b-18 open-market purcha

What the filing says

Commercial Metals Company (CMC) executed share repurchases during its fiscal third quarter ended May 31, 2026, buying back 283,335 shares of common stock at an aggregate cost of $18.9 million, or approximately $66.72 per share. The buyback activity occurred within the company's ongoing share repurchase program as part of its capital allocation strategy during a period of strong operational performance.

As of the quarter-end date, CMC had $128.9 million remaining available under its current share repurchase authorization, providing continued flexibility for future buyback activity. The company did not disclose the total authorization amount or the original authorization date in this earnings release.

The buyback occurred concurrent with CMC's strong third-quarter financial results, which included net earnings of $173.0 million ($1.55 per diluted share) and core EBITDA of $353.6 million, up 78.6% year-over-year. The company maintained disciplined capital allocation, also declaring a $0.20 per-share quarterly dividend and reducing net leverage to 2.1x through a combination of strong cash generation and strategic acquisitions in its precast business segment.

During the quarter, CMC repurchased 283,335 shares of common stock valued at $18.9 million in the aggregate. As of May 31, 2026, $128.9 million remained available under the current share repurchase authorization. — COMMERCIAL METALS Co 8-K filing · View on SEC EDGAR →

What this means

CMC's Q3 repurchase of 283,335 shares reduces outstanding share count modestly while the company manages strong cash generation and balance sheet improvement. The $18.9 million expenditure represents less than 0.3% of the company's quarterly revenue of $2.48 billion, reflecting a measured approach to share repurchases during a period of operational deleveraging. With $128.9 million remaining authorization, the company retains capacity for continued buybacks, though the primary capital focus appears centered on debt reduction (net leverage at 2.1x with a stated goal of below 2.0x by mid-2027) and strategic growth through acquisitions. The buyback execution did not require new authorization in this filing—it occurred under an existing program.

Frequently asked questions

How many shares did CMC repurchase during Q3 fiscal 2026, and at what price?: CMC repurchased 283,335 shares for a total of $18.9 million, equivalent to an average price of approximately $66.72 per share. This represented discretionary open-market buyback activity executed during the fiscal quarter ended May 31, 2026.
How much authorization remains for future CMC share repurchases?: As of May 31, 2026, CMC had $128.9 million remaining under its current share repurchase authorization. The filing does not disclose the original total authorization amount or authorization date.
Why might CMC be repurchasing shares while also reducing debt?: CMC is balancing multiple capital priorities: reducing leverage (net leverage at 2.1x with a target below 2.0x by mid-2027), funding strategic acquisitions (precast businesses acquired during the period), paying dividends (247 consecutive quarterly payments), and returning value through buybacks. The relatively modest quarterly buyback of $18.9 million suggests the company is prioritizing deleveraging and growth investments ahead of aggressive share repurchases.
What is CMC's overall approach to share repurchases?: CMC operates a share repurchase program on an opportunistic basis under Rule 10b-18, repurchasing shares when market conditions and company financial position permit. The company does not appear to follow a fixed dollar or share target, instead maintaining available authorization for flexible execution based on operational and market circumstances.
How do the Q3 buybacks affect CMC's share count?: The 283,335-share repurchase reduced the share count by approximately 0.25% during the quarter. Average diluted shares outstanding were 111.7 million in Q3, indicating the buyback had a minimal but positive per-share earnings accretion over the period.
Did CMC authorize a new share repurchase program in this filing?: No. This filing reports execution of buybacks under a previously existing share repurchase authorization. The company did not announce a new authorization in the Q3 earnings release.

execution rule-10b-18 open-market industrial-manufacturing capital-allocation

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.