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Commercial Metals Targets $1.8B EBITDA, Expands Construction Solutions Strategy
['Michael Walen']
Markets Daily
The company operates North America Steel, Europe Steel and Construction Solutions segments.
CMC is targeting core EBITDA of $1.65 billion to $1.8 billion, representing a 10% to 13% compound annual growth rate from trailing-12-month EBITDA.
Construction Solutions EBITDA of about $500 million from existing assets.
In Construction Solutions, the company highlighted its recently acquired precast operations, CP&P and Foley Products.
About Commercial Metals (NYSE:CMC)Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas.