Real Industry, Inc. Reports Audited Consolidated Financial Results for its Fourth Quarter and Year Ended December 31, 2016; Provides Operating Guidance for the Full Year of 2017; Reports Goodwill Impairment for the Fourth Quarter of 2016
For the full year, the company reported revenues of $1,249.7 million compared to $1,145.6 million a year ago. Operating loss was $64.7 million compared to operating profit of $10.2 million a year ago. Loss from continuing operations before income taxes was $103.8 million compared to $40.8 million a year ago. Loss from continuing operations was $103.2 million compared to $31.7 million a year ago. Net loss was $102.6 million compared to $6.8 million a year ago. Net loss attributable to the company was $102.9 million compared to $6.9 million a year ago. Net loss available to common stockholders was $105.9 million compared to $9.2 million a year ago. Basic and diluted loss per share was $3.68 compared to $0.35 a year ago.
The company expects invoiced volumes in 2017 to be stable to slightly positive year over year.
For the quarter, the company reported goodwill impairment of $61.8 million.