Real Industry Reschedules Earnings Release and Conference Call to August 17, 2015
By Business Wire News
By Business Wire News
SHERMAN OAKS, Calif.
Real Industry, Inc. (NASDAQ:RELY) (“Real Industry” or the “Company”) today announced that it will delay the release of its financial results and conference call for the 2015 second quarter, which had previously been scheduled for August 11, 2015, to Monday, August 17, 2015. The Company will be filing an extension on Form 12b-25 with the U.S. Securities and Exchange commission to allow for additional time to incorporate certain balance sheet-related purchase accounting refinements related to the Real Alloy transaction into its second quarter Form 10-Q. The Company does not anticipate this will have a material impact on its operating results for the second quarter and six months ended June 30, 2015.
Real Industry now intends to release financial results for its second quarter ended June 30, 2015, after the close of the stock market on Monday, August 17, 2015. The Company will discuss those results in a conference call at 4:30 p.m. ET that same day.
- Craig Bouchard, Chairman of the Board and Chief Executive Officer of Real Industry
- Kyle Ross, Executive Vice President and Chief Financial Officer of Real Industry
- Terry Hogan, President of Real Alloy
(877) 407-9163 (Toll-free U.S. & Canada)
(412) 902-0043 (International)
Participants may also access the live call via webcast at http://realindustryinc.equisolvewebcast.com/q2-2015. The webcast will be archived and accessible for approximately 30 days.
About Real Industry, Inc.
Real Industry is a North America-based holding company seeking to invest its capital in large, well-managed and consistently profitable businesses concentrated primarily in the United States industrial and commercial marketplace. Real Industry has significant capital resources, and federal net operating loss tax carryforwards of more than $900 million. For more information about Real Industry, visit its corporate website at www.realindustryinc.com.
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking statements, which are based on our current expectations, estimates, and projections about the Company’s and its subsidiaries’ businesses and prospects, as well as management’s beliefs, and certain assumptions made by management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason. These statements include, but are not limited to, statements about the Company’s ability to release its financial results for the second quarter ended June 30, 2015, on August 17, 2015; the anticipated impact on the Company’s operating results for the second quarter and six months ended June 30, 2015 of the incorporation of certain balance sheet-related purchase accounting refinements related to the Real Alloy transaction; the Company’s and its subsidiaries’ expansion and business strategies; anticipated growth opportunities; the amount of capital-raising necessary to achieve those strategies; utilization of federal net operating loss tax carryforwards; as well as future performance, growth, operating results, financial condition and prospects. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. Important factors that may cause such a difference include, but are not limited to unforeseen difficulties the Company may experience in completing the work relating to the purchase accounting aspects by August 17, 2015; unanticipated modifications of the Company’s financial statements as a result of incorporating purchase accounting relating to the Real Alloy transaction; the Company’s ability to successfully identify, consummate and integrate acquisitions and/or other businesses; changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; the Company’s ability to successfully defend against current and new litigation and indemnification matters, as well as demands by investment banks for defense, indemnity, and contribution claims; the Company’s ability to access and realize value from its federal net operating loss tax carryforwards; the Company’s ability to identify and recruit management; and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K and subsequent reports filed on Forms 10-Q and 8-K.
Real Industry, Inc.
Jeff Crusinberry, 805-435-1255
Senior Vice President and Treasurer