Real Industry (RELY) Misses Q1 EPS by 16c

Real Industry (NASDAQ: RELY) reported Q1 EPS of ($0.11), $0.16 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $269.1 million versus the consensus estimate of $274.17 million.

GUIDANCE:

Real Industry sees FY2024 revenue of $1.23-1.25 billion, versus the consensus of $1.24 billion.

• To remain in a GAAP net loss position for 2024 and for Adjusted EBITDA to be in the range of $85 million to $95 million. This outlook reflects an increase from our prior Adjusted EBITDA outlook of between $75 million and $90 million.

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

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