# EDGAR Filing Document

**Accession Number:** 0000022444
**File Stem:** 0001193125-25-206788
**Filing Date:** 2025-9
**Character Count:** 66374
**Document Hash:** 7919a333daa97553a963dffaec5d536c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-206788.hdr.sgml**: 20250918

**ACCESSION NUMBER**: 0001193125-25-206788

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 36

**CONFORMED PERIOD OF REPORT**: 20250917

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250918

**DATE AS OF CHANGE**: 20250918

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMMERCIAL METALS Co
- **CENTRAL INDEX KEY:** 0000022444
- **STANDARD INDUSTRIAL CLASSIFICATION:** STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 750725338
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-04304
- **FILM NUMBER:** 251321743

**BUSINESS ADDRESS:**
- **STREET 1:** 6565 N. MACARTHUR BLVD., SUITE 800
- **STREET 2:** P O BOX 1046
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039
- **BUSINESS PHONE:** 2146894300

**MAIL ADDRESS:**
- **STREET 1:** 6565 N. MACARTHUR BLVD., SUITE 800
- **STREET 2:** PO BOX 1046
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75039

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMMERCIAL METALS CO
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### PURSUANT TO SECTION 13 OR 15(D)

#### OF THE SECURITIES EXCHANGE ACT OF 1934

#### Date of Report (Date of earliest event reported): September 17, 2025

## Commercial Metals Company

#### (Exact Name of Registrant as Specified in Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-4304** | **75-0725338** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **6565 N. MacArthur Blvd.<br>Irving, Texas** | **75039** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

(214) 689-4300

#### (Registrant's telephone number, including area code)

#### Not Applicable

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| **Title of each class** | **Name of each exchange**<br> **on which registered** |
| Common Stock, $0.01 par value per share CMC | NYSE |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

------

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| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement**  |

---

On September 17, 2025, Commercial Metals Company (the "<u>Company</u>") entered into an Equity Purchase Agreement (the "<u>Purchase Agreement</u>") with Concrete Pipe & Precast, LLC ("<u>CP&P</u>"), Eagle Corporation and ECPP, LLC, pursuant to which the Company will acquire all of the issued and outstanding equity securities of CP&P (the "<u>Acquisition</u>").

Pursuant to the terms and conditions of the Purchase Agreement, at the closing of the Acquisition (the "<u>Closing</u>"), the Company will pay a cash purchase price of $675 million, which is subject to a customary purchase price adjustment as described in the Purchase Agreement.

The Purchase Agreement contains customary representations, warranties and covenants related to CP&P. From the date of the Purchase Agreement until the Closing, CP&P is required to operate its business in the ordinary course and to comply with certain covenants regarding the operation of its business.

The Closing is subject to the satisfaction or waiver of customary closing conditions, including, among others, (i) the absence of any law or order prohibiting the transactions contemplated by the Purchase Agreement, (ii) the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "<u>HSR Act</u>"), (iii) the accuracy of representations and warranties set forth in the Purchase Agreement and compliance with covenants set forth in the Purchase Agreement (in each case, as may be subject to certain materiality or material adverse effect qualifications), and (iv) the absence of any material adverse effect on CP&P. The obligation of the Company to consummate the Acquisition is not subject to any condition related to the availability of financing. The Company expects the Closing to occur in December 2025, subject to the satisfaction or waiver of such conditions.

The Purchase Agreement contains certain termination rights for the parties, including if the Acquisition does not close on or before March 17, 2026, which may be extended by either party until September 13, 2026, if the waiting period under the HSR Act with respect to the Acquisition has not expired or been terminated but all other closing conditions have been satisfied or waived.

The foregoing summary of the Purchase Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, a copy of which the Company intends to file with the U.S. Securities and Exchange Commission as an exhibit to its Annual Report on Form 10-K for the fiscal year ended August 31, 2025. The Purchase Agreement will be filed to provide investors and security holders with information regarding its terms. It is not intended to provide any other factual information about the Company or CP&P. The representations, warranties and covenants of each party set forth in the Purchase Agreement were made only for purposes of the Purchase Agreement as of the specific dates set forth therein, were solely for the benefit of the parties to the Purchase Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk between the parties to the Purchase Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. The Company's investors and security holders are not third-party beneficiaries under the Purchase Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of CP&P, the parties to the Purchase Agreement or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of the representations and warranties may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure**  |

---

On September 18, 2025, the Company issued a press release announcing the proposed Acquisition, a copy of which is attached as Exhibit 99.1 to this report and incorporated herein by reference.

Attached as Exhibit 99.2 to this report and incorporated herein by reference is an investor presentation by the Company, dated September 18, 2025, in connection with the Acquisition.

<u>Cautionary Note Regarding Forward-Looking Statements</u> 

This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, with respect to the proposed acquisition of CP&P and the timing thereof, the ability to obtain regulatory approvals and meet other closing conditions for the proposed acquisition, general economic conditions, key macro-economic drivers that impact our business, the effects of ongoing trade actions, the effects of continued pressure on the liquidity of our customers, potential synergies and organic growth provided by acquisitions and strategic investments (including the proposed acquisition of CP&P), demand for our products, shipment volumes, metal margins, the ability to operate our steel mills at full capacity, particularly during periods of domestic mill start-ups, the future availability and cost of supplies of raw materials and energy for our operations, growth rates in certain reportable segments, product margins within our Emerging Business Group segment, share repurchases, legal proceedings, construction activity, international trade, the impact of geopolitical conditions, capital expenditures, tax credits, our liquidity and our ability to satisfy future liquidity requirements, estimated contractual obligations, the expected capabilities and benefits of new facilities, the anticipated benefits and timeline for execution our growth plan and initiatives, including our TAG operational and commercial excellence program, and our expectations or beliefs concerning future events. The statements in this news release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "expects," "anticipates," "believes," "estimates," "future," "intends," "may," "plans to," "ought," "could," "will," "should," "likely," "appears," "projects," "forecasts," "outlook" or other similar words or phrases, as well as by discussions of strategy, plans or intentions.

The Company's forward-looking statements are based on management's expectations and beliefs as of the time this Current Report on Form 8-K was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2024, and Part II, Item 1A, "Risk Factors" of our subsequent quarterly reports on Form 10-Q, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance ("ESG") matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party

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contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers' abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

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(d) Exhibits

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| | |
|:---|:---|
| 99.1 | [Press Release issued by Commercial Metals Company on September 18, 2025.](d875668dex991.htm) |
| 99.2 | [Investor Presentation, dated September 18, 2025.](d875668dex992.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 18, 2025

---

| | |
|:---|:---|
| **COMMERCIAL METALS COMPANY** | **COMMERCIAL METALS COMPANY** |
| By: | /s/ Paul J. Lawrence |
| Name: | Paul J. Lawrence |
| Title: | Senior Vice President and Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1** 

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| | |
|:---|:---|
| **News Release** | ![LOGO](g875668g0918050749734.jpg) |

---

**CMC TO ACQUIRE CONCRETE PIPE & PRECAST, LLC** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Expands CMC's commercial portfolio in early-stage construction solutions; leverages complementary geographic footprint and customer relationships** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Deepens CMC's exposure to structural demand tailwinds in construction; enhances ability to address construction pain points such as labor scarcity and project timelines** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Establishes a significant and scalable new growth platform with a strong regional leader in an attractive industry** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Enhances CMC's financial profile; expected to be accretive to earnings per share and free cash flow per share in the first year** 

**Irving, TX – September 18, 2025**—Commercial Metals Company (NYSE: CMC) ("CMC") today announced it has entered into a definitive agreement to acquire Concrete Pipe & Precast, LLC ("CP&P"), a leading supplier of precast concrete solutions to the U.S. Mid-Atlantic and South Atlantic regions, from Eagle Corporation and ECPP, LLC for a cash purchase price of $675 million, subject to customary adjustments. The purchase price represents a multiple of 9.5x CP&P's forecasted 2025 EBITDA. When anticipated cash tax benefits are included, the effective multiple is reduced to approximately 8.5x. The transaction is expected to be immediately accretive to earnings per share and free cash flow per share, and by year three annual run-rate synergies, primarily related to optimization initiatives, are expected in a range of $5 million to $10 million.

"The acquisition of CP&P is an exciting step forward as we advance our strategy of delivering value-accretive growth by expanding CMC's commercial portfolio in early-stage construction and increasing the breadth of our participation on the job site," said Peter Matt, President and Chief Executive Officer. "CP&P is a leader in a large and attractive industry with strong, stable margins and cash flows. Through this transaction we will immediately establish a meaningful and highly scalable growth platform that enhances our ability to provide valuable solutions to our customers and positions CMC to better capitalize on the powerful long-term structural trends that we expect will drive construction activity for years to come."

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**Compelling Strategic and Financial Rationale** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Broadens CMC portfolio of early-stage construction solutions:** Precast capabilities will expand CMC's
commercial portfolio of value-added early-stage construction solutions with targeted customer groups and bring CMC onto the construction site earlier in the life of a project. The addition of these solutions meaningfully enhances CMC's ability
to participate in construction activity from site preparation to structural erection.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Increases exposure to long-term structural trends:** Precast concrete is expected to benefit from the same
powerful structural demand trends as CMC's existing construction focused portfolio – these trends include infrastructure investment, industrial re-shoring, energy generation, and addressing the
U.S. housing shortage. In addition, precast capabilities enhance CMC's ability to address construction industry challenges such as labor scarcity and project timelines, and win greater adoption over time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Establishes a meaningful platform for growth:** The acquisition establishes a highly scalable platform in a
fragmented industry with strong margin characteristics. The top 10 precast suppliers comprise less than 25% of the domestic market, with only two national players and a relatively small number of sizable regional producers. These market dynamics
provide CMC with a long-term runway for self-directed organic and inorganic growth by establishing regional operational footprints that benefit from scale in local markets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Entry into a large and attractive industry:** The domestic precast concrete industry generates approximately
$30 billion of revenue annually. Market growth is projected to outpace the broader concrete sector, driven by positive adoption trends toward labor and time saving capabilities that precast solutions offer. EBITDA margins generally exceed 20%
and are reinforced by the value-added and engineered characteristics of the products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Enhances CMC's financial profile:** The acquisition strengthens CMC's core business and adds a
complementary earnings driver with higher, more stable margin characteristics. The precast business is also less capital intensive than CMC's traditional steel operations, providing greater cash flow conversion on the EBITDA generated.

**About CP&P** 

CP&P is a leading supplier of precast concrete and pipe products to the Mid-Atlantic and South Atlantic regions, selling into seven core states from 17 strategically located facilities. The company offers a complete line of standard and highly engineered precast and reinforced concrete pipe solutions to infrastructure, non-residential, and residential construction markets, and is well positioned to benefit from the structural demand tailwinds in its core regions, including data center construction, stormwater management, industrial re-shoring and infrastructure investment. CP&P has established a strong competitive position through scale in local geographies, a track record of superior customer service, and unique design and engineering capabilities. CP&P was formed in 2012 as a joint venture between Americast, Inc. (a former subsidiary of Eagle Corporation) and Hanson Pipe and Precast LLC. Since 2022, all of the equity assets of CP&P have been fully owned by Eagle Corporation and ECPP, LLC.

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**About Precast Concrete and Concrete Pipe Products** 

Precast concrete and concrete pipe products are construction components formed by pouring concrete into a reusable mold, then curing it in a controlled manufacturing environment. The component is then transported in its final form to a construction site for installation. This process produces durable, ready-to-use components of reliable quality that can be installed quickly, saving time, and requiring less labor than pour-in-place techniques. Precast concrete and concrete pipe serve mission-critical applications often for site infrastructure such as utility connections, water supply, or stormwater management. Precast solutions are used widely across each region of the United States, with domestic industry revenues of approximately $30 billion.

**Transaction Details** 

The transaction has been approved by the board of directors of Commercial Metals Company and the board of managers or directors of each of CP&P, Eagle Corporation and ECPP, LLC, as applicable. The closing of the transaction is expected to occur in a timely manner following customary regulatory review and subject to customary closing conditions. The transaction will be funded with cash on hand and is not contingent on any financing arrangements. CP&P financial results will be reported within CMC's Emerging Businesses Group operating segment.

**Advisors** 

Moelis & Company LLC served as the exclusive financial advisor and Willkie Farr & Gallagher LLP served as legal counsel to CMC for this transaction.

**Conference Call** 

In conjunction with this announcement, Commercial Metals Company (NYSE: CMC) invites you to listen to its conference call that will be broadcast live over the internet today, September 18, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer.

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**About CMC** 

CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, we offer products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support early-stage construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission.

**Forward-Looking Statements** 

This news release contains "forward-looking statements" within the meaning of the federal securities laws, including, without limitation, with respect to the proposed acquisition of CP&P and the timing thereof and the expected benefits of the transaction, the ability to obtain regulatory approvals and meet other closing conditions for the proposed acquisition, general economic conditions, key macro-economic drivers that impact our business, the effects of ongoing trade actions, the effects of continued pressure on the liquidity of our customers, potential synergies and organic growth provided by acquisitions and strategic investments (including the proposed acquisition of CP&P), demand for our products, shipment volumes, metal margins, the ability to operate our steel mills at full capacity, particularly during periods of domestic mill start-ups, the future availability and cost of supplies of raw materials and energy for our operations, growth rates in certain reportable segments, product margins within our Emerging Business Group segment, share repurchases, legal proceedings, construction activity, international trade, the impact of geopolitical conditions, capital expenditures, tax credits, our liquidity and our ability to satisfy future liquidity requirements, estimated contractual obligations, the expected capabilities and benefits of new facilities, the anticipated benefits and timeline for execution our growth plan and initiatives, including our TAG operational and commercial excellence program, and our expectations or beliefs concerning future events. The statements in this news release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "expects," "anticipates," "believes," "estimates," "future," "intends," "may," "plans to," "ought," "could," "will," "should," "likely," "appears," "projects," "forecasts," "outlook" or other similar words or phrases, as well as by discussions of strategy, plans or intentions.

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The Company's forward-looking statements are based on management's expectations and beliefs as of the time this news release was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2024, and Part II, Item 1A, "Risk Factors" of our subsequent quarterly reports on Form 10-Q, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance ("ESG") matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers' abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust

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legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots.

Media Contact:

Susan Gerber

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(214) 689-4300

## Exhibit 99.2

![](g875668ex99_2p1g1.jpg)

Exhibit 99.2 CMC Announces Acquisition of Concrete Pipe & Precast (CP&P) September 2025

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![](g875668ex99_2p2g1.jpg)

Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws with respect to the proposed acquisition of CP&P and the timing thereof, the ability to obtain regulatory approvals and meet other closing conditions for the proposed acquisition, the expected benefits of the proposed acquisition, general economic conditions, key macro-economic drivers that impact our business, the effects of ongoing trade actions, the effects of continued pressure on the liquidity of our customers, potential synergies and growth provided by acquisitions and strategic investments, demand for our products, shipment volumes, metal margins, the ability to operate our steel mills at full capacity, particularly during periods of domestic mill start-ups, future availability and cost of supplies of raw materials and energy for our operations, growth rates in certain reportable segments, product margins within our Emerging Businesses Group segment, share repurchases, legal proceedings, construction activity, international trade, the impact of geopolitical conditions, capital expenditures, tax credits, our liquidity and our ability to satisfy future liquidity requirements, estimated contractual obligations, the expected capabilities and benefits of new facilities, anticipated benefits and the timeline for execution of our growth plan and initiatives, including our TAG operational and commercial excellence program, and our expectations or beliefs concerning future events. The statements in this presentation that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "expects," "anticipates," "believes," "estimates," "future," "intends," "may," "plans to," "ought," "could," "will," "should," "likely," "appears," "projects," "forecasts," "outlook" or other similar words or phrases, as well as by discussions of strategy, plans or intentions. Our forward-looking statements are based on management's expectations and beliefs as of the date of this presentation. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2024 and Part II, Item 1A, Risk Factors of our subsequent quarterly reports on Form 10-Q, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance ("ESG") matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers' abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including risks related to the unfavorable judgment against us in the Pacific Steel Group ("PSG") litigation; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots. 2

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Compelling Strategic Rationale Improves CMC's position with Expands CMC's market targeted customer groups and leadership into the attractive expands participation on the precast concrete industry job-site Strong Strategic Fit Strengthens CMC's core through Leverages existing leadership in early-stage Enhances financial profile of a broadening commercial construction and deep knowledge of CMC via higher, more stable portfolio and expected customers, market applications, and margins and cash flows synergies geographies Increased exposure to powerful Extends growth runway and structural trends driving creates a scalable platform construction activity 3 Highly complementary acquisition meeting CMC's strategic criteria as we pursue value accretive, inorganic growth

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Overview of Concrete Pipe & Precast (CP&P) Leading 17 7 ~700 #1 or #2 product suite plants core states served employees in core regions • Leading supplier of concrete precast and pipe products in the Mid- Atlantic and South Atlantic regions • Superregional player with #1 or #2 position across key Atlantic geographies, covering some of the fastest growing metro areas in the U.S. • Footprint of 17 facilities supporting CP&P's unique design and engineering capabilities • Full line of standard and customized products serving every construction segment • Uniquely positioned to deliver on structural demand tailwinds in infrastructure investment, re-shoring, data center construction, and CP&P plant locations stormwater management 4 Leading supplier of precast products in the fast growing Mid-Atlantic and South Atlantic regions

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Key Investment Highlights 1 Broadens CMC's commercial portfolio 2 Entry into an attractive industry 3 Regional leader with room to improve 4 Platform investment with scalability 5 Geographical overlap maximizes value levers 6 Enhances CMC's financial profile CP&P has a proven track record of growth, 7 with more to come

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1 Broadens Commercial Portfolio: Improved Customer Value Proposition Precast solutions are used alongside CMC's products on nearly every job-site 1 4 REBAR FABRICATION FOUNDATION IMPROVEMENT The nation's leading rebar fabricator, capable of solving SOLUTIONS customer needs on any concrete construction project, Rammed aggregate pier solutions provide a including the largest and most demanding cost-effective alternative for deep foundations 2 5 GROUND STABILIZATION POST TENSION CABLE Unmatched innovation in geogrids High-quality, engineered post tension cable as a concrete reinforcement solution that improve constructability and 5 extend asset life 6 CORROSION REINFORCEMENT 3 Range of solutions for corrosion resistant CONSTRUCTION SERVICES 1 concrete reinforcement, including epoxy- Full line of products for any coated rebar, GalvaBar and ChromX 10 concrete construction site; 9 industry-leading service 7 MERCHANT BAR 3 2 Wide range of products serving applications in 7 building construction including use in ceiling joists, racking, and other support structures 9 8 8 BRIDGE SYSTEMS 1 Innovative, pre-engineered and pre-fabricated 6 modular bridge solutions. CMC's easy-to- 11 install bridge systems can be installed in less than a week 1 9 2 ANCHORING SYSTEMS Anchor bolts, cages, and fastener products for use in 4 energy transmission and distribution, wind turbine installations, DOT projects, and more 11 10 DRAINAGE PRECAST DRY UTILITY PRECAST Water management systems used Underground structures like vaults and troughs used to to provide water access, remove protect and provide access to essential utilities such as wastewater, or control run-off electrical, fiber optic, and telecommunications equipment CMC Acquires X 6 CMC is increasing its value proposition by addressing more customer needs across more of the job-site

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1 Broadens Commercial Portfolio: Expands Early-Stage Construction Participation We expect commercial synergies within our portfolio to grow over- time as our offerings become Increases the number Greater project Expanded offerings High commercial more comprehensive, and we of interactions with participation; greater of essential and overlap with several leverage commercial linkages key decision makers potential share of engineered solutions CMC divisions wallet gains CMC's Participation in Early- Site Prep Utility Infrastructure Foundation / Structures Stage Construction Phases Wastewater / Site Planning Earthworks Dry Utilities Foundation Structure Stormwater Precast concrete Concrete pipes Geogrid Construction Services Geopier Rebar Performance Reinforcing Steel Cable MBQ CMC Acquires X 7 Precast puts CMC on the job-site earlier and expands our participation and influence on projects

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2 Attractive Industry: Large and Growing Market $30 billion 5% to 7% U.S. total Forecasted demand 1 2 addressable market CAGR (2024 to 2028) Significant Growth at market High exposure to Precast solutions Exposure to Structural Trends address multiple increase to CMC's rate plus increased powerful long-term CMC Existing Solutions construction total addressable penetration structural demand Steel EBG market trends industry pain points Precast Products Solutions 3 Remainder of IIJA and future federal funding expected to support activity Infrastructure expansion / renewal Government policy and lessons from pandemic to continue driving investment Reshoring of industry Domestic housing shortage of two million to four million units U.S. housing shortage Data center growth and grid fragility require substantial investment in energy infrastructure Energy generation & transmission Rapid expansion is expected to continue for years to come AI infrastructure Increased coastal populations and storm activity require enhanced systems for runoff management Stormwater management Reduce the amount of construction site labor required to construct a project Labor savings Shorten the duration of a project through ease of installation, better scheduling, fewer resources, etc. Time savings Increased exposure to Avoid work stoppages due to on-site quality issues or weather delays Consistent quality key trends Potential for more stringent policies related to drinking water, wastewater, or drainage Regulatory tailwinds [1] based on data from the National Precast Concrete Association; [2] Company estimates based on third party research; [3] Infrastructure Investment and Jobs Act (IIJA) CMC Acquires X 8 Precast demand should benefit from powerful structural trends as well as the drive to gain efficiencies on the job site Adoption Structural Demand Tailwinds Drivers

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2 Precast products are widely used and go mostly Attractive Industry: Serves Mission Critical Applications unseen, but are critical to the functioning of virtually every construction installation 1 Demand by Construction Segment • Manufactured concrete structures In-Focus Applications and Key Products Residential • Produced by casting concrete in a reusable mold Used on or form reinforced with steel then cured in a virtually every Infrastructure controlled environment, transported to the construction construction site, and maneuvered into place for site immediate use Non- Residential • Precast and concrete pipe products are widely Dry Utility Utility vaults Junction boxes used in critical applications ranging from site preparation to structural elements 2 Demand by On-Site Application • Products range from standard to highly Buildings - Other engineered Structural Transportation Mission Dry • Consistent quality is a result of production in a Utilities critical Sanitary and tightly controlled manufacturing environment applications Retention / Manholes Stormwater Stormwater Water and Detention treatment • Labor savings through off-site manufacturing vs. Wastewater Sanitary and on-site assembly and installation of traditional Stormwater cast-in-place • Easier project scheduling and less sensitive to weather related delays U.S. concrete market share • Predictable and reliable performance in several Water and critical applications Wastewater Concrete Box culverts Grease traps 17% pipe 3 (and growing) [1] Source: third party research; [2] Company estimates based on National Precast Concrete Association data; [3] Source: Insight Partners CMC Acquires X 9 Precast provides essential site infrastructure like utility access and stormwater management Benefits of precast What is precast?

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2 Attractive Industry: Strong Financial Characteristics Attractive margin and cash flow profile; good Strong and defensible Breakdown of U.S. Precast 1 stability through the cycle Industry by Company Size geographical positions Industry is relatively fragmented can be achieved % of Precast % of Precast with only two national players Companies Facilities and less than 10 major regional producers… Limited number of participants in any region Top 10 producers Medium / Small Local Producers Potential for scale benefits within local regions Top 10 producers make up less than Minimal import presence, and most products are 25% of the industry shipped less than 150 miles Precast solutions are essential but make up less than All others 3% of project cost Large Regional …this provides long-term opportunity to grow through local Large National High capital costs, steep learning curve, and long and regional consolidation certification process for greenfield entrants [1] Source: third party research based on National Precast Concrete Association data CMC Acquires X 10 Precast is a well-structured industry with sustainable dynamics that support strong margin levels

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3 Regional Leader with Room to Improve Well-Positioned in One of the Fastest Growing Regions Durable Competitive Strengths Scale advantage • CP&P operates within the South Addressable Diverse product portfolio offering broad range from standard to highly Atlantic; a region that has experienced 1 Market Size Total U.S. customized solutions above average growth in recent years $30B Familiarity with localities and their needs (e.g. construction conditions, • Well-situated to benefit from structural Southern regulations, certifications, etc.) U.S. trends such as reshoring, data center South build out, infrastructure investment, $14B Atlantic Long-term track record of superior customer service population growth, and improved stormwater management Unique design, engineering, and manufacturing capabilities $7B • Heavy geographical overlap with CMC's existing operational footprint Opportunities for Future Earnings Growth Identified self-help measures, including improved pricing strategy and deeper penetration into customized products Leadership Positions in Local Geographies Acquisitions to gain greater scale and synergies Position in MSA State Key Metro Areas (MSA) Served Introduction of new products across key applications Virginia Fredericksburg, Norfolk, Richmond, Roanoke #1 Operations optimization – manufacturing efficiencies, logistics, procurement, North Carolina Charlotte, Raleigh-Durham and support synergies South Carolina Charleston, Columbia, Greenville, Myrtle Beach [1] Source: third party research based on National Precast Concrete Association data Maryland Baltimore, Washington D.C. #2 Georgia Savannah, Augusta, Jacksonville (FL) CMC Acquires X 11 CP&P is a leader in each of its core regions and has established enduring competitive strengths that customers value

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4 Platform Investment with Scalability Building a strong platform in an attractive industry… …which will yield value enhancing efficiencies as it expands • Acquisition is large enough to provide a platform for growth and well-sized Acquisition of CP&P Future Acquisitions Long-term Vision from an integration and financial risk perspective • Establish a platform in an • Enlarge platform in • Locations in multiple • Fragmented industry on a national and regional level provides long runway for attractive geography targeted metro areas major U.S. regions executable inorganic growth • Execute on identified • Add exposure to new • Ability to target specific regions or even metro areas for growth organic growth metro areas • Achieve synergies through • Capture synergies on new 1 Precast Concrete Industry Size by Region optimization efforts investments added to the ($ billions) platform - Operational synergies - Overhead efficiencies $1.3B - Commercial synergies • Efficiencies across a large $2.9B $4.3B $2.5B network of precast $2.7B $2.5B facilities • Ability to create meaningful value by routinely adding bolt-on There are more than 2,700 precast $1.6B acquisitions to a highly plants operating in the U.S. $6.9B CP&P efficient network Approximately 520 are within the South region $5.2B Atlantic region where CP&P operates. Expected synergies from new acquisitions should increase as CMC scales up its precast network. A greater portion of costs can be removed when assets are Industry structure provides ample opportunity to grow over the long-term and focus added to a large and efficient network on geographies that are most strategically attractive [1] Source: third party research based on National Precast Concrete Association data CMC Acquires X 12 Acquisition establishes a growth platform with a clear and executable path toward meaningful scale

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5 High Geographical Overlap Maximizes Value Levers High geographical overlap helps to fully utilize CMC's capabilities and maximize the effectiveness of value levers Every CP&P plant is located within 100 miles or less of a CMC facility, maximizing the opportunity to coordinate • Coordinated sales efforts across products Commercial CMC and CP&P Locations Coordination • Full suite of CMC product portfolio is available • Optimize logistics fleets within regions Logistics Management • Maximize on-time delivery, minimize waste Steel Sourcing • CMC facilities will supply precast plants with rebar • Greater access to key decision makers Customer Relationships • More project touchpoints and greater value proposition • Better utilization of top manufacturing talent Talent Sourcing CP&P facility and Management • Sharing of transferable best practices CMC mill CMC fabrication • Reinforce a culture of continuous improvement Leverage CMC's Mill & fabrication TAG Program • Extension of TAG program to CP&P Fabrication & PT Cable • Improved job-site scheduling Project Management • Ease of doing business for customers 13 Shared geographies will allow CMC to more fully capitalize on commercial and operational opportunities

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6 Enhances CMC's Financial Profile We expect that future transactions will further increase the mix of higher, more stable margin businesses Reduced Earnings and Cash Flow Increased Earnings Contributions Reduced Capital Intensity Increased Headroom for Growth Volatility from Emerging Businesses 6 Precast PPI, Concrete PPI vs. U.S. CMC Segment EBITDA generation from Free cash flow conversion from Transaction significantly extends the 1 2 Domestic Rebar Benchmark Price Emerging Businesses Group (% of total) EBITDA runway for growth (Indexed to December 2005) Precast 250 4 5 $30 billion 5% to 7% Concrete 15% ~50% to ~60% Vs. >20% 70% + U.S total forecasted Rebar 2 3 200 last 12 months post-transaction CMC precast industry addressable demand CAGR ended 5/31/25 CMC market (2024 to 2028) 150 100 Concrete • This acquisition enhances CMC's core • The precast business is less capital • Precast total addressable market is business and adds a complementary intensive than CMC's traditional steel greater than that of CMC's long steel 50 earnings driver with higher, more operations products stable margin characteristics • More of each dollar of EBITDA is • Fragmented nature of the industry • Post-transaction CMC adjusted retained as free cash flow provides prolonged path for inorganic • Concrete pricing, and related cost EBITDA margin improves growth inputs, are less volatile than steel approximately 50 basis points • Trends in construction labor • Margins are higher and more stable availability and stormwater management are expected to drive increased market penetration [1] Based on data from Fastmarkets and U.S. Census Bureau; [2] see non-GAAP reconciliations on pages 20 and 21; [3] third party research based on National Precast Concrete Association data; [4] based on data from the National Precast Concrete Association; [5] Company estimates based on third party research; [6] calculated as tax-adjusted EBITDA less maintenance capex divided by Core EBITDA. 14 CMC Acquires X 14 The acquisition is expected to reduce earnings volatility while increasing margins and free cash flow conversion Dec-05 Jul-07 Feb-09 Sep-10 Apr-12 Nov-13 Jun-15 Jan-17 Aug-18 Mar-20 Oct-21 May-23 Dec-24

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7 CP&P Has a Proven Track Record of Growth, With More to Come Revenue Growth (last 5-Year CAGR) EBITDA Growth (last 5-Year CAGR) What's Next? Line of sight to $20M to $25M EBITDA growth 14% 23% by year 3 • Achieved strong gains in average • Benefit from operational initiatives • Refinements to pricing strategy selling price that outpaced cost • Strategic pricing efforts and value • Synergies in the form of: inflation focused commercial approach - Greater manufacturing efficiencies • Successfully acquired and integrated and automation • Synergies from four acquired facilities; four facilities that complemented the - Optimized logistics, procurement, fully integrated plants and improved existing footprint and product offering and support operating efficiencies • Located in regions with strong growth • Leverage unique capabilities to • Achieved strong operating leverage on capitalize on regional construction • Increased penetration of specialized, volume growth trends, including data centers, higher margin products reshoring, and stormwater management • Underlying market growth CMC Acquires X 15 There is line of sight to meaningful EBITDA growth over the next several years; resources are in place to achieve it

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Financially Attractive Transaction Transaction Valuation and Margin Comparisons TEV / EBITDA Multiple EBITDA Margins (CP&P on FY 2025E, sector peers reflect a two-year average of TEV Average of last two fiscal years multiple of next 12-month EBITDA consensus estimates) 12x 25% Additional Highlights 10x 20% ü Transaction is expected to be year 1 accretive to both 8x free cash flow and earnings per share 15% 6x ü TEV / EBITDA multiple paid is consistent with similar 10% 4x transactions over the last decade 5% 2x ü CP&P (and broader precast industry) has a solid track – record of consistently generating positive economic 0x CP&P Steel Building Products CP&P Steel Building Products value ü CMC's balance sheet will remain strong, with post- Comparison to CMC Valuation 3 transaction net debt to EBITDA of ~1.1x TEV / Maintenance Capex [1] based on last two years average trading multiple on next 12-month Wall Street consensus EBITDA estimate per Refinitiv; [2] based on assumed annual maintenance capital expenditures of $250 million EBITDA % of EBITDA divided by Core EBITDA, with range including the following fiscal periods: FY 2021 to FY 2024 and the last 12 months ended 5/31/2025; [3] Net debt and EBITDA are non-GAAP financial measures. Net debt is defined as total debt less cash & cash equivalents. Total debt is defined as long-term debt plus current 9.5x maturities of long-term debt and short-term borrowings. We have not reconciled the forward-looking net CP&P 5% to 10% 2025 EBITDA debt to EBITDA ratio presented above and discussed on the related conference call to the comparable GAAP measure because applicable information for future periods, on which this reconciliation would be based, is not readily available due to uncertainty regarding, and the potential variability of, future financial 1 2 CMC 6.1x ~20% to ~30% results. Accordingly, a reconciliation of the forward-looking net debt to EBITDA ratio is not available at this time without unreasonable effort Tax benefit will reduce CP&P's maintenance capex requirements are lower, effective multiple to meaning it converts more of its EBITDA to cash ~8.5x vs the level shown 16 CMC is buying a good business at a fair price given strong fundamentals and cash flow capabilities

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Key Transaction Parameters • Purchase price of $675 million on a debt-free, cash-free basis Purchase Price • Subject to customary working capital adjustment • 2025E EBITDA multiple of 9.5x; effective multiple reduced to ~8.5x by cash tax benefit • Estimated at approximately $5 million to $10 million annually by year Synergies 3 sourced from identified optimization opportunities • Long-term opportunity for meaningful commercial synergies • 100% cash deal paid from cash on hand Financing • Expect post-transaction net leverage at close to approximate 1.1x • Immediately accretive to earnings per share and free cash flow per Financial Impact share • Anticipated to close by the end of calendar 2025 Timing • Transaction is subject to regulatory approval and customary closing conditions 17 Transaction will be immediately accretive to earnings and cash flow

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Acquisition of CP&P Strengthens CMC CMC Position / Aspiration CP&P Attribute • Leading domestic positions in major solutionsü Leader in core regions Strong competitive • Density in high-growth Sunbelt regionü Concentrated in attractive key areas of Sunbelt positions • Excellent balance sheet and financial flexibilityü Transaction not expected to strain CMC financial resources ü Exposure to same trends, with additional regional specific • Powerful, long-term structural demand trends opportunities Attractive end markets • $150 billion early-stage construction market to ü Precast represents one of the largest ($30 billion) and most accommodate future growth aspirations fragmented segments of early-stage construction ü Consistent EBITDA margins ~25% and strong FCF yield • Targeting permanent enhancements to financial profile ü Several identified areas of opportunities; TAG skillset is transferable • Significant upside from TAG operational and ü Precast is a mission critical construction solution with a sales commercial excellence program timeline similar to CMC products Game changing strategy ü Enhances value to customers and opens avenue to meaningful • Additions to solutions portfolio that will increase value commercial synergies to our customers ü Identified growth opportunities • Robust capital returns to shareholders ü Strong financial profile should generate cash for future distributions to shareholders 18 18 Acquisition of CP&P strengthens CMC and furthers the execution of our ambitious strategy

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Appendix: Non-GAAP Financial Reconciliations

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Free cash flow conversion - normalized 12 MONTHS ENDED 3 MONTHS ENDED Figures in thousand $5/31/2025 8/31/2024 8/31/2023 8/31/2022 8/31/2021 5/31/2025 2/28/2025 11/30/2024 8/31/2024 Net earnings (loss) $36,812 $485,491 $859,760 $1,217,262 $412,865 $83,126 $25,473 ($175,718) $103,931 Interest expense 45,495 47,893 40,127 50,709 51,904 10,864 11,167 11,322 12,142 Income tax expense (benefit) 11,250 150,180 262,207 297,885 121,153 26,386 10,627 (55,582) 29,819 Depreciation and amortization 285,587 280,367 218,830 175,024 167,613 72,376 70,584 70,437 72,190 Amortization of acquired unfavorable contract backlog – – – – (6,035) – – – – Asset impairments 7,729 6,708 3,780 4,926 6,784 785 386 – 6,558 Adjusted EBITDA $386,873 $970,639 $1,384,704 $1,745,806 $754,284 $193,537 $118,237 ($149,541) $224,640 Non-cash stock-based compensation 36,989 45,066 60,529 46,978 43,677 9,546 8,038 10,232 9,173 Loss on debt extinguishment – – – 16,052 16,841 – – – – Gain on sale of assets – – – (273,315) (10,334) – – – – Facility closure – – – – 10,908 – – – – Labor cost government refund – – – – (1,348) – – – – Settlement of New Markets Tax Credit transactions (9,534) (6,748) (17,659) – – (2,786) – – (6,748) Litigation expense 358,496 – – – – 3,776 4,720 350,000 – Acquisition and integration related costs and other – – – 8,651 – – – – – Purchase accounting effect on inventory – – – 8,675 – – – – – Core EBITDA $772,824 $1,008,957 $1,427,574 $1,552,847 $814,028 $204,073 $130,995 $210,691 $227,065 Net sales $7,680,111 $7,925,972 $8,799,533 $8,913,481 $6,729,760 $2,019,984 $1,754,376 $1,909,602 $1,996,149 Calculation of Free Cash Flow Conversion - Normalized Core EBITDA 772,824 1,008,957 1,427,574 1,552,847 814,028 Less: depreciation and amortization 285,587 280,367 218,830 175,024 167,613 EBIT $487,237 $728,590 $1,208,744 $1,377,823 $646,415 Less: Income tax at 25% 121,809 182,148 302,186 344,456 161,604 Plus: depreciation and amortization 285,587 280,367 218,830 175,024 167,613 1 Less: maintenance capital expenditures 250,000 250,000 250,000 250,000 250,000 Free Cash Flow Conversion - Normalized $401,015 $576,809 $875,388 $958,391 $402,424 Free Cash Flow Conversion - Normalized as a % of Core EBITDA 51.9% 57.2% 61.3% 61.7% 49.4% [1] Maintenance capital expenditures is assumed to be approximately $250 million 20

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Emerging Businesses Group Adjusted Segment EBITDA % of Total Segment EBITDA 3 MONTHS ENDED 12 MONTHS ENDED figures in thousand $5/31/2025 5/31/2025 2/28/2025 11/30/2024 8/31/2024 North America Steel Group $713,939 $185,984 $128,818 $188,205 $210,932 Emerging Businesses Group 129,610 40,912 23,519 22,660 42,519 Europe Steel Group 26,562 3,593 752 25,839 (3,622) Total of Operating Segments 870,111 230,489 153,089 236,704 249,829 Emerging Businesses % of Total 15% 21