Commercial Metals Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2012; Declares Quarterly Dividend Payable on February 1, 2013
January 07, 2013 at 07:00 am
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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.
Commercial Metals Company is engaged in offering products and technologies for the global construction sector through manufacturing network principally located in the United States and Central Europe. The Companyâs solutions support construction across a variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission. Its segments include North America and Europe. The North America segment provides a diverse offering of products and solutions to support the construction sector composed primarily of a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Companyâs 43 scrap metal recycling facilities, primarily located in the southeast and central United States process ferrous and nonferrous scrap metals. The Europe segment is composed primarily of a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
Commercial Metals Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2012; Declares Quarterly Dividend Payable on February 1, 2013