Liquidating a steel building
While the business impact was some lost time and minimal property damage, our employees were not as lucky.I would like to acknowledge every CMC employee who was impacted by those events and who are still suffering.This means a court has frozen the assets of a company in advance of a hearing to decide if it should be liquidated.This guidance provides a basic overview of insolvency and liquidation proceedings and more detailed information about the documents that must be delivered to the Registrar of Companies.Continued optimism of growth in our markets led by strong results in our first fiscal quarter of 2018.
Original equipment manufacturers of farm equipment, industrial and construction equipment, and energy products are also seeing growth in their markets, supporting continued strength of the merchant business. I'm pleased to report that commissioning of the Durant facility is going extremely well.
These statements reflect the company's expectations and beliefs based on current conditions but are subject to certain risks and uncertainties, including those that are described in the Risk Factors section of the company's latest annual report on Form 10-K.
Although these statements are based on management's current expectations and beliefs, and the company believes that such expectations and beliefs are reasonable, CMC offers no assurance that events or facts will happen as expected, and we caution those listening to this call to not place undue reliance on any forward-looking statements. Except as required by law, CMC does not assume any obligation to update, amend, or clarify these statements in connection with future events, changes in assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances, or otherwise.
And now, for opening remarks and introductions, I will turn the call over to the president and chief executive officer of Commercial Metals Company, Ms. Barbara Smith -- President and Chief Executive Officer" data-reactid="35"Barbara Smith -- President and Chief Executive Officer Thank you.
Good morning, and welcome to everyone joining us to review the results of our first quarter 2018.