Royal Group announces change of date for second quarter earnings release and conference call
04 August 2005 - 8:06AM
PR Newswire (US)
TORONTO, Aug. 3 /PRNewswire-FirstCall/ -- Royal Group Technologies
Limited (RYG-TSX; RYG-NYSE) announced today that it will release
its fiscal 2005 second quarter financial results on Thursday August
11, 2005, not Friday August 12 as was previously announced. It is
expected that results will be released in the early morning. Royal
Group will hold a conference call pertaining to the second quarter
financial results on Thursday, August 11, 2005 at 10:00am Toronto
Eastern Standard 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
second 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 21131572 followed by
the number sign. The telephone replay will be available
approximately two hours after the conference call and continue
through August 19, 2005. An archive of the call will be maintained
on the web site for three months. Royal Group Technologies 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", "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 outcome
of the ongoing internal review and investigations by the Special
Committee of the Board of Directors; 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; 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 August 3, 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 of Marketing and Corporate
Communications, Royal Group Technologies Limited, Phone (905)
264-0701
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