Commercial Metals Targets Over $350 Million in TAG Program EBITDA Benefits by Fiscal 2027

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โดย Zacks Investment Research·US·Read original
Summary · why it matters

Commercial Metals Company expects its TAG Transform, Advance, Grow program to deliver run-rate gross EBITDA benefits exceeding $250 million by the end of fiscal 2026, rising to more than $350 million by the end of fiscal 2027. Launched in 2024, the program spans more than 150 individual projects across the company's business segments and support functions, aimed at optimizing logistics, reducing input consumption, lowering costs and boosting energy efficiency. Backed by the program, CMC expects fiscal 2029 core EBITDA of $1.65 billion to $1.80 billion, a 106% surge at the midpoint from the $837 million delivered in fiscal 2025, with a core EBITDA margin of 15-16%. Separately, Cleveland-Cliffs is investing $1 billion to modernize its Middletown Works facility in Ohio, half of it funded by a $500 million U.S. Department of Energy award, while Carpenter Technology set a fiscal 2029 operating income target of $1.2 billion to $1.3 billion, up from $702 million reported in fiscal 2026. The Zacks Consensus Estimate puts CMC's fiscal 2026 sales at $9.18 billion, up 13.9% year over year, and earnings at $6.62 per share, up 111.5%.

Impact on stocks 4

Materials▲ · 2 stocks
Commercial Metals Company
CMC
▲ PositiveCapitalrelevance

CMC's TAG program targets >$350M run-rate EBITDA benefits by fiscal 2027 and core EBITDA of $1.65-1.80B by fiscal 2029.

Cleveland-Cliffs Inc
CLF
± MixedCapitalrelevance

Cleveland-Cliffs is investing $1 billion to modernize Middletown Works, half funded by a $500M DOE award — a capex event, but only a passing mention.

Defense & Geopolitical Fragmentation▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks

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