Real Industry, Inc. reported unaudited consolidated earnings results for the fourth quarter and audited earnings results for the year ended December 31, 2015. For the quarter, revenue was $300.5 million against $2.0 million last year. Operating profit was $2.8 million against $0.8 million last year. Loss from continuing operations before income taxes was $4.9 million against $2.4 million last year. Loss from continuing operations was $2.5 million or $0.15 per basic and diluted share against income from continuing operations of $4.1 million or $0.32 per basic and diluted share last year. Net loss attributable to the company was $3.9 million or $0.16 per basic and diluted share against net earnings attributable to the company of $5.1 million or $0.39 per basic and diluted share last year. Adjusted EBITDA was $17.1 million. Revenues were driven primarily by Real Alloy, which invoiced an aggregate 291,000 metric tons of aluminum during the period. Compared to the fiscal 2015 third quarter, volumes were down 3%, which was in line with expectations due to fourth quarter seasonality caused by slowdowns in the automotive industry, as a result of plant shutdowns for maintenance and vacations timed to take place during the holiday season. This fourth quarter seasonal reduction, on a percentage basis, was in line with the prior-year reduction under Aleris. CapEx in the fourth quarter was $5.1 million.

For the year, revenue was $1,145.6 million against $2.1 million last year. Operating profit was $10.2 million against operating loss of $8.4 million last year. Loss from continuing operations before income taxes was $40.8 million against $8.5 million last year. Loss from continuing operations was $31.7 million or $1.28 per basic and diluted share against loss from continuing operations of $0.1 million last year. Net loss attributable to the company was $6.9 million or $0.35 per basic and diluted share against net earnings attributable to the company of $5.5 million or $0.41 per basic and diluted share last year. Adjusted EBITDA was $70.3 million. Real Industry reported revenues were driven by the company's Real Alloy business, which invoiced over 1 million metric tons of aluminum since it was acquired on February 27, 2015. As a result of this acquisition and the NABCO divestiture during the fiscal 2015 first quarter, comparisons to 2014 are not meaningful for Real Industry this year. At year-end, on a consolidated basis, the company had $314 million in total debt and $35.7 million in cash.

For the year 2016, the company expects CapEx of around $30 million.