Commercial Metals Company announced unaudited consolidated financial results for the first quarter ended November 30, 2013. For the quarter, the company reported net earnings attributable to the company of $45.9 million, or $0.39 per diluted share, on net sales of $1.7 billion. This compares to net earnings attributable to the company of $49.7 million, or $0.42 per diluted share, on net sales of $1.7 billion for the three months ended November 30, 2012.

Adjusted operating profit was $90.0 million compared with $90.6 million for the prior year's first quarter and $37.1 million for the sequential quarter. Adjusted EBITDA was $124.3 million compared with $126.2 million for the prior year's first quarter and $84.5 million for the sequential quarter. Adjusted operating profit from continuing operations was $67.189 million against $89.353 million a year ago.

Earnings from continuing operations before income taxes were $47.052 million against $71.120 million a year ago. Earnings from continuing operations were $31.961 million against $48.931 million a year ago. Net cash flows from operating activities was $73.472 million against net cash flows used by operating activities of $34.271 million a year ago.

Capital expenditures were $14.085 million against $24.757 million a year ago. Net earnings included after-tax LIFO expense of $2.8 million or $0.02 per diluted share, compared with after-tax LIFO income of $15.2 million or $0.13 per diluted share for the first quarter of fiscal 2013, an unfavorable change of $18.0 million or $0.15 per diluted share.