Commercial Metals Company announced unaudited consolidated financial results for the first quarter ended November 30, 2017. For the quarter, the company reported net sales of $1,238,519,000 compared to $994,091,000 a year ago. Earnings from continuing operations before income taxes were $50,314,000 compared to $7,036,000 a year ago. Earnings from continuing operations were $38,536,000 compared to $4,936,000 a year ago. Net earnings were $36,810,000 compared to $6,275,000 a year ago. Basic and diluted loss per share was $0.32 compared to earnings per basic and diluted share of $0.05 a year ago. Basic and diluted loss per share from continuing operations was $0.33 compared to earnings per basic and diluted share of $0.04 a year ago. Net cash flows used by operating activities were $34,202,000 compared to $954,000 a year ago. Capital expenditures were $59,681,000 compared to $42,965,000 a year ago. Adjusted operating profit from continuing operations was $57,097,000 compared to $20,555,000 a year ago. Adjusted EBITDA from continuing operations was $90,297,000 compared to $50,998,000 a year ago.

For the quarter, the company reported asset impairment was $1,480,000 against $462,000 a year ago.