Real Industry, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
Real Industry, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of $337.1 million against $309.4 million a year ago. Operating loss was $3.6 million against $2.1 million a year ago. Loss from continuing operations before income taxes was $10.5 million against $9.3 million a year ago. Loss from continuing operations was $11.3 million or $0.43 per basic and diluted share against $10.0 million or $0.38 per basic and diluted share a year ago. Net loss available to common stockholders was $12.2 million or $0.43 per basic and diluted share against $10.8 million or $0.38 per basic and diluted share a year ago. Segment adjusted EBITDA was $12.3 million against $18.3 million a year ago, but up from $11.8 million sequentially from the fiscal 2016 fourth quarter. CapEx in the first quarter was $7 million.