Real Industry (NASDAQ: RELY) reported Q2 EPS of ($0.25), $0.04 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $350.2 million versus the consensus estimate of $343.89 million.

Second Quarter 2017 Highlights

• Revenues increased to $350.2 million, compared to $320.9 million in the prior-year period and $337.1 million sequentially from the fiscal 2017 first quarter
• Net loss was $6.2 million, compared to a loss of $1.2 million in the prior-year period and a loss of $11.3 million sequentially from the fiscal 2017 first quarter
• Segment Adjusted EBITDA was $17.2 million, down from $20.9 million in the prior-year period but up 40% from $12.3 million sequentially from the fiscal 2017 first quarter
• Consolidated liquidity remains solid at $71.3 million of which $66.9 million relates to Real Alloy

Third Quarter 2017 Outlook

• Scrap spread environment for Real Alloy North America (“RANA”) expected to remain similar to second quarter, while Real Alloy Europe (“RAEU”) market is expected to tighten compared to the strong spreads RAEU experienced year-to-date
• Automotive industry in both segments expected to have more typical seasonal summer shutdowns compared to prior-year

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