Commercial Metals Experiences a Few Bumps in the Road in the First Quarter of 2013

SUGAR LAND--January 16, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--For the first quarter of 2013, Commercial Metals Company (NYSE:CMC) (Irving, Texas) experienced gains and losses. Net sales stood at $1.8 billion, which was a 10% decrease compared to the first quarter of 2012. According to executives from Commercial Metals, sales were down for a majority of the company's segments. Despite the decrease in sales, the company's operating segments achieved profitability for the third consecutive quarter. During the first quarter of 2013, Commercial Metals generated $126.2 million of adjusted earnings before interest and taxes (EBITDA). In the first quarter of 2012, Commercial Metal's EBITDA was $55.5 million. The company's liquidity is just over $1 billion. According to Joseph Alvarado, chairman of the Board, chief executive officer and president, "The increase in adjusted EBITDA reflects the turnaround in operating performance, including changes in our organization structure to improve operational focus, difficult but necessary restructuring actions taken over the course of the past 18 to 24 months, as well as shedding unproductive and noncore assets." He believed that the company's actions to adjust cost structure helped to improve the financial performance of the company.