Real Industry (RELY) Misses Q1 EPS by 3c, Beat on Revenues

Real Industry (NASDAQ: RELY) reported Q1 EPS of ($0.43), $0.03 worse than the analyst estimate of ($0.40). Revenue for the quarter came in at $337.1 million versus the consensus estimate of $315.07 million.

First Quarter 2017 Operating and Financial Highlights:

• Revenues increased to $337.1 million, compared to $309.4 million in the prior-year period and $304.4 million sequentially from the fiscal 2016 fourth quarter
• Net loss was $11.3 million, compared to a loss of $10.0 million in the prior-year period
• Segment Adjusted EBITDA was $12.3 million, down from $18.3 million in the prior-year period but up from $11.8 million sequentially from the fiscal 2016 fourth quarter
• Consolidated liquidity remains solid at $72.6 million of which $65.9 million relates to Real Alloy

Second Quarter 2017 Outlook:

• LME and aluminum alloy prices have continued to rise from fiscal 2017 first quarter prices
• Scrap flow in North America is showing signs of improvement over the first quarter
• Real Alloy North America (“RANA”) and Real Alloy Europe (“RAEU”) Segment Adjusted EBITDA each expected to be higher than first quarter

For earnings history and earnings-related data on Real Industry (RELY) click here.

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