Real Industry Update: Schedules Release of Fiscal 2015 Fourth Quarter and Year-End Financial Results and Conference Call
By Business Wire News
By Business Wire News
SHERMAN OAKS, Calif.
Real Industry, Inc. (NASDAQ:RELY) (“Real Industry” or the “Company”) today announced it plans to release its financial results for the fourth quarter and fiscal year ended December 31, 2015, after the stock markets close on Monday, March 14, 2016. The Company will discuss those results in a conference call on Tuesday, March 15, 2016, at 1:00 pm ET.
Craig Bouchard, Real Industry’s Chairman and CEO, stated, “Nearly a year ago, we closed our first major acquisition. I want to thank the Real Alloy management team for its excellent performance. Our hard-working and talented 1,700 employees in six countries finished the year nicely, meeting the critical objectives we set, and recorded one of the finest performances in the history of the company. Accomplishing their stretch objectives in what turned out to be a very difficult commodity environment was remarkable. Real Alloy is well positioned to consolidate its market leadership position in both the U.S. and Europe.
“The world is a tough place right now for some of our less fortunate competitors and customers. In our conference call we will address the global macro-economic outlook, the importance, or lack thereof of China, the credit markets, and update our plans to grow Real Industry. 2016 will one day be remembered as a time of outsized opportunity. Well-managed companies prosper in such times.”
Conference Call Details
- 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/q4-2015. 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. Forward-looking statements in this release include statements regarding Real Alloy’s position to consolidate its market leadership and other statements using words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these words. 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 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 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, Senior Vice President and Treasurer