Reko Reports Best Quarter of the Fiscal Year

(Windsor, Ontario – October 15, 2020) – Reko International Group Inc. (TSX-V: REKO) today announced results for its year ended July 31, 2020.

Consolidated sales for the fourth quarter of 2020 were $11.4 million compared to $10.7 million in the same period last year, an increase of $0.7 or 6.5%. Consolidated sales for the year ended July 31, 2020, were $40.2 million, compared to $47.9 million in the prior year, a decrease of $7.7 million or 16.1%. Lower overall sales volumes in certain sectors, particularly in automotive, impacted our results. Diversifying sales and breaking into new markets was challenging during the fiscal year but will continue to be pursued as an important strategy to improve our top line. Certain divisions also experienced a delayed timing of kick off and completion for certain jobs throughout the year. The COVID-19 pandemic did affect the Company’s ability to secure new sales, particularly in Q4. Wide-spread shutdowns of businesses temporarily impacted customer demand during the fourth quarter and made overall contact with new or existing customers difficult at times. The decrease in revenue was partially offset by an increase in the foreign exchange rate for U.S. dollar sales, particularly in the latter half of the year.

Reko reports sales decline but remains profitable

(Windsor, Ontario – June 4, 2020) – Reko International Group Inc. (TSX-V: REKO) today announced results for its quarter ended April 30, 2020.

Consolidated sales for the third quarter of 2020 were almost $10.0 million compared to $14.3 million in the same period last year, a decrease of $4.3 million, or 30%. The decrease is primarily a result of continued lower volumes in certain sectors, as well as continued challenges with breaking into diversified markets. Sales for the nine months ended April 30, 2020 decreased 23% to $28.9 million, compared to $37.3 million in the same period in the prior year.

Reko Announces Second Quarter Results for Fiscal 2020

(Windsor, Ontario – March 5, 2020) – Reko International Group Inc. (TSX-V: REKO) today announced results for its quarter ended January 31, 2020.

Consolidated sales for the second quarter of 2020 were $9.5 million compared to $11.6 million in the same period last year, a decrease of $2.1 million or 18%. The decrease was primarily the result of weak demand in the automotive sector.

Reko International Group Inc. to Buy Back Up to 316,933 of its Common Shares

(Lakeshore, Ontario – December 27, 2019) – Reko International Group Inc. (TSX-V:REKO) announced today the approval of a normal course issuer bid for 316,933 of its outstanding common shares.

The notice provides that Reko may, during the 12-month period commencing December 31, 2019 and ending December 30, 2020, purchase on the TSX Venture Exchange up to a total of 316,933 of its common shares, being approximately 5% of the outstanding common shares. To date, there have been 101,400 shares purchased and cancelled under the current bid. Matthew LaRose of National Bank Financial will be the Member acting on behalf of Reko. The price that Reko will pay for any such shares will be the market price at the time of acquisition. The actual number of common shares which may be purchased and the timing of any such purchases will be determined by Reko. All purchased shares will be cancelled. There are 6,338,650 common shares of Reko outstanding as of today.

Reko Reports Profitable First Quarter

(Windsor, Ontario – December 5, 2019) – Reko International Group Inc. (TSX-V: REKO) today announced results for its first quarter ended October 31, 2019.

Consolidated sales for the quarter ended October 31, 2019, were $9.4 million, compared to $11.4 million in the prior year, a decrease of $2.1 million or 18.0%. The decrease in sales was largely related to an overall decline in activity in the automotive industry.

Reko Reports Strong Fiscal Year End

(Windsor, Ontario – October 2, 2019) – Reko International Group Inc. (TSX-V: REKO) today announced results for its year ended July 31, 2019.

Consolidated sales for the fourth quarter of 2019 were $10.6 million compared to $10.2 million in the same period last year, an increase of $0.5 or 4.4%. The increase in sales was related to improved throughput and a continued strong exchange rate. Consolidated sales for the year ended July 31, 2019, were $47.9 million, compared to $42.2 million in the prior year, an increase of $5.7 million or 13.5%.

Reko International Group Inc. announces new Chief Financial Officer

Lakeshore, Ontario, June 24, 2019- Reko International Group Inc. (TSX-REKO) (“Reko”) today announced that Ms. Catia Longo has been appointed Chief Financial Officer (CFO) of Reko effective July 24, 2019. Ms. Longo is Chartered Professional Accountant with the Institute of Chartered Accountants of Ontario and brings extensive manufacturing experience to the Company.

“We are excited that Ms. Longo is joining the Reko team, and we know that she will have much success in her new role,” said Ms. Diane Reko, Reko’s President and CEO.

Ms. Longo fills the vacancy created by the resignation of Ms. Marilyn Crowley, who is leaving Reko to pursue other interests after almost four years of service. Ms. Reko continued, “we would like to thank Ms. Crowley for her contributions and wish her the best in her future endeavors.”

For further information:
Contact: Diane Reko, Chief Executive Officer
Telephone: (519) 727-3287

Reko reports highest quarterly profit of the fiscal year

(Windsor, Ontario – June 6, 2019) – Reko International Group Inc. (TSX-V: REKO) today announced results for its third quarter ended April 30, 2019.

Consolidated sales for the quarter ended April 30, 2019, were $14.3 million, compared to $11.8 million in the prior year, an increase of $2.5 million or 21.2%. The increase in sales was related to improved order volumes, improved throughput and a continued strong exchange rate.

Reko reports profitable quarter while diversification strategy unfolds

(Windsor, Ontario – March 7, 2019) – Reko International Group Inc. (TSX-V: REKO) today announced results for its quarter ended January 31, 2019.

Consolidated sales for the second quarter of 2019 were $11.6 million compared to $11.5 million in the same period last year, an increase of $0.1 million or 0.1%. Unfortunately, the impact of the expansion of manufacturing capacity in the automation division and higher average exchange was offset by lower volumes in certain sectors.

Reko Reports Profitable Quarter to Begin the New Fiscal Year

(Windsor, Ontario – December 6, 2018) – Reko International Group Inc. (TSX-V: REKO) today announced results for its quarter ended October 31, 2018.

Consolidated sales for the first quarter of 2019 were $11.4 million compared to $8.8 million in the same period last year, an increase of $2.6 million or 29.5%. This was largely due to the number of projects completed during the quarter and an increase in the average foreign exchange rate compared to the same period in the prior year.

Reko reports profitable quarter to end the fiscal year

(Windsor, Ontario – October 4, 2018) – Reko International Group Inc. (TSX-V: REKO) today announced results for its year ended July 31, 2018.

Consolidated sales for the fourth quarter of 2018 were $10.2 million compared to $9.7 million in the same period last year, an increase of $0.5 million or 5.3%. This was largely due to the number of projects completed during the quarter. Consolidated sales for the year ended July 31, 2018, were $42.3 million, compared to $43.0 million in the prior year, a decrease of $0.7 million or 1.6%. The decrease in sales was related to consistently lower currency exchange rates particularly in the early part of the fiscal year.

Reko Celebrates Grand Opening of New Automation & Innovation Facility

• Reko’s third facility in Lakeshore, Ontario
• Expands capabilities in industrial automation solutions
• Part of aggressive growth and diversification plans for Reko

June 4, 2018 – Reko International Group Inc. (TSX-V: REKO) today celebrated the grand opening of their new state-of-the-art facility dedicated to the design, development, and build of innovative industrial automation solutions.

Reko Automation, a division of Reko International Group, will now operate out of their newly constructed 48,600 sq.ft. facility in Lakeshore, Ontario. With three 150-foot long bays, 19-foot ceilings, and up to 30 metric tonne crane capacity, Reko Automation now has the infrastructure in place to deliver large scale, turn-key automation projects and Industry 4.0 solutions.