Royal Group announces date for third quarter earnings release and conference call
November 02 2005 - 6:23PM
PR Newswire (US)
TORONTO, Nov. 2 /PRNewswire-FirstCall/ -- Royal Group Technologies
Limited (RYG.SV-TSX, RYG-NYSE) announced today that it will release
its fiscal 2005 third quarter financial results on November 14,
2005. It is expected that results will be released in the morning.
Royal Group will hold a conference call pertaining to the third
quarter financial results on Monday, November 14, 2005 at 9:00 AM
Toronto Eastern Time. The conference call will be web cast
simultaneously and in its entirety through the Investor Relations
section of Royal's Web site, http://www.royalgrouptech.com/. The
third quarter earnings release and supplemental financial
information will be available on the site prior to the conference
call. A replay of the call will be available on Royal's web site or
by phone by dialing 416-640-1917 and entering 21160330 followed by
the number sign. The telephone replay will be available
approximately two hours after the conference call and continue
through November 21, 2005. An archive of the call will be
maintained on the web site for three months. Royal Group
Technologies Limited is a manufacturer of innovative, polymer-based
home improvement, consumer and construction products. The company
has extensive vertical integration, with operations dedicated to
provision of materials, machinery, tooling, real estate and
transportation services to its plants producing finished products.
Royal's manufacturing facilities are primarily located throughout
North America, with international operations in South America,
Europe and Asia. The information in this document contains certain
forward-looking statements with respect to Royal Group Technologies
Limited, its subsidiaries and affiliates. These statements are
often, but not always made through the use of words or phrases such
as "expect", "should continue", "continue", "believe",
"anticipate", "suggest", "estimate", "contemplate", "target",
"plan", "budget", "may", "will", "schedule" and "intend" or similar
formulations. By their nature, these forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject
to significant, known and unknown, business, economic, competitive
and other risks, uncertainties and other factors affecting Royal
specifically or its industry generally that could cause actual
performance, achievements and financial results to differ
materially from those contemplated by the forward-looking
statements. These risks and uncertainties include the ongoing
shareholder value maximization process and its outcome; the ongoing
internal review and investigations by the Special Committee of the
Board of Directors and its outcome; the outcome of the ongoing
assessment and review of the Royal Building System's compliance
with the smoke generated elements of the US building code and the
safety of buildings constructed with the Royal Building System;
fluctuations in the level of renovation, remodeling and
construction activity; changes in product costs and pricing; an
inability to achieve or delays in achieving savings related to the
cost reductions or increases in revenues related to sales price
increases; the sufficiency of our restructuring activities,
including the potential for higher actual costs to be incurred in
connection with restructuring activities compared to the estimated
costs of such actions; the ability to recruit and retain qualified
employees; the level of outstanding debt and our current debt
ratings; Royal's ability to maintain adequate liquidity and
refinance its debt structure by April 30, 2006, the expiry date of
its current bank credit facility; the ability to meet the financial
covenants in our credit facilities; changes in product mix; the
growth rate of the markets into which Royal's products are sold;
market acceptance and demand for Royal's products; changes in
availability or prices for raw materials; pricing pressures
resulting from competition; difficulty in developing and
introducing new products; failure to penetrate new markets
effectively; the effect on foreign operations of currency
fluctuations, tariffs, nationalization, exchange controls,
limitations on foreign investment in local business and other
political, economic and regulatory risks; difficulty in preserving
proprietary technology; adverse resolution of any litigation,
investigations, administrative and regulatory matters, intellectual
property disputes, or similar matters; changes in securities or
environmental laws, rules and regulations; currency risk exposure
and other risks described from time to time in publicly filed
disclosure documents and securities commission reports of Royal
Group Technologies Limited and its subsidiaries and affiliates. In
view of these uncertainties we caution readers not to place undue
reliance on these forward-looking statements. Statements made in
this document are made as of November 2, 2005 and Royal disclaims
any intention or obligation to update or revise any statements made
herein, whether as a result of new information, future events or
otherwise. DATASOURCE: Royal Group Technologies Limited CONTACT:
Mark Badger, Vice President Marketing and Corporate Communications,
Phone: (905) 264-0701, Fax: (905) 264-0702
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