Real Industry, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2016; Reaffirms CapEx Guidance for 2016
May 10, 2016 at 06:40 pm EDT
Real Industry, Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2016. For the quarter, the company reported Revenue was $309.4 million against $137.8 million a year ago. Operating loss was $2.1 million against $2.8 million a year ago. Loss from continuing operations before income taxes was $9.3 million against $24.9 million a year ago. Loss from continuing operations was $10.0 million or $0.38 per basic and diluted share against $17.5 million or $0.82 per basic and diluted share a year ago. Net loss was $10.0 million or $0.38 per basic and diluted share against net earnings of $6.8 million or $0.30 per basic and diluted share a year ago. Adjusted EBITDA was $18.3 million against $7.9 million a year ago. CapEx in the first quarter was $5.3 million.
The company continuing to maintain CapEx guidance at about $30 million for the year 2016.