Commercial Metals Company reported unaudited consolidated earnings results for the first quarter ended November 30, 2012. For the quarter, the company reported net earnings attributable to company was $49,717,000 or $0.42 diluted earnings per share on net sales of $1,789,226,000 against net earnings attributable to company of $107,734,000 or $0.93 diluted earnings per share on net sales of $1,986,820,000 a year ago. Earnings from continuing operations before taxes was $71,982,000 against $29,718,000 a year ago. Earnings from continuing operations was $49,467,000 or $0.42 earnings per share against $125,045,000 or $1.07 earnings per share a year ago. Net cash flows used by operating activities was $34,271,000 and capital expenditures were $24,757,000 against net cash flows from operating activities of $38,139,000 and capital expenditures of $29,925,000 a year ago. Adjusted operating profit from continuing operations was $90,215,000 and adjusted operating profit was $90,603,000 against adjusted operating profit from continuing operations of $47,675,000 and adjusted operating profit of $21,123,000 a year ago. Adjusted EBITDA from continuing operations was $125,783,000 and adjusted EBITDA was $126,171,000 against adjusted EBITDA from continuing operations of $80,492,000 and adjusted EBITDA of $55,533,000 a year ago.

On January 4, 2013, the board of directors declared a quarterly dividend of $0.12 for shareholders of record on January 18, 2013. The dividend will be paid on February 1, 2013.