Rentech Announces Change of Fiscal Year and Upcoming Earnings Call
February 03 2012 - 6:00AM
Business Wire
The Board of Directors of Rentech, Inc. (NYSE AMEX: RTK) has
approved a change of the Company’s fiscal year end, to December
31st from September 30th. With this change, Rentech’s 2012 fiscal
year began on January 1, 2012 and will end on December 31,
2012.
Rentech elected to change its fiscal year as a result of the
decision by Rentech Nitrogen Partners, L.P. (NYSE: RNF) to change
its fiscal year end to December 31st. Rentech consolidates the
results of Rentech Nitrogen Partners, L.P. in its financial
statements.
“While we recognize that the change in our fiscal year end
creates some near-term inconvenience to investors and analysts, we
believe that aligning our financial reporting periods with those of
Rentech Nitrogen will make our financial results easier to follow,"
said Dan Cohrs, Chief Financial Officer of Rentech.
Rentech expects to file a transition report on Form 10-K for the
three months ended December 31, 2011 on or about March 15, 2012.
The Company will hold a conference call covering the period ending
December 31, 2011, on Friday, March 16, 2012 at 12:00 p.m. PST,
during which time senior management will review the Company's
financial results for the period and provide an update on the
business.
Callers may listen to the live presentation, which will be
followed by a question and answer segment, by dialing 800-381-7839
or 212-231-2900. An audio webcast of the call will be available at
www.rentechinc.com within the Investor Relations portion of the
site under the Presentations section. A replay will be available by
audio webcast and teleconference from 2:00 p.m. PST on March 16
through 2:00 p.m. PST on March 23. The replay teleconference will
be available by dialing 800-633-8284 or 402-977-9140 and the
reservation number 21575043.
About Rentech, Inc.
Rentech, Inc. (www.rentechinc.com) owns and develops
technologies that enable the production of certified synthetic
fuels and renewable power when integrated with certain other
third-party technologies. The Company’s clean energy technology
portfolio includes the Rentech-SilvaGas biomass gasification
technology and the Rentech-ClearFuels biomass gasification
technology, both of which can produce synthesis gas from biomass
and waste materials for production of renewable power and fuels.
The Rentech-ClearFuels gasifier can also produce renewable hydrogen
as a product. Rentech also owns the patented Rentech Process which
is based on Fischer-Tropsch chemistry. The Rentech Process can
convert syngas from the Company’s own or other gasification
technologies into complex hydrocarbons that then can be upgraded
into fuels or chemicals using refining technology that we
license.
Rentech also owns, through its wholly owned subsidiaries, the
general partner interest and approximately 61% of the common units
representing limited partner interests in Rentech Nitrogen
Partners, L.P. (www.rentechnitrogen.com), a publicly traded limited
partnership. Rentech Nitrogen Partners, L.P. manufactures and sells
nitrogen fertilizer products including ammonia, urea ammonia
nitrate, granular urea and urea liquor in the Mid Corn Belt region
of the United States.
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