Reko Reports Improved Sales Volumes

(Windsor, Ontario – June 9, 2021) – Reko International Group Inc. (TSX-V: REKO) today announced results for its quarter ended April 30, 2021.

Consolidated sales for the third quarter of 2021 were $12.4 million compared to $10.0 million in the same period last year, an increase of $2.4 million, or 24.3%. Sales volumes continue to show improvement, with third quarter sales 13% above the second quarter sales, and 81% higher than those of the first quarter.

Reko Reports Profitable Second Quarter

(Windsor, Ontario – March 11, 2021) – Reko International Group Inc. (TSX-V: REKO) today announced results for its quarter ended January 31, 2021.

Consolidated sales for the second quarter of 2021 were $11.0 million compared to $9.5 million in the same period last year, an increase of $1.4 million or 15%. The increase in sales volumes was a result of companies being more willing to kick off new awards. While the pandemic will continue to present challenges, the improvement in sales is a positive sign.

Reko International Group Inc. To Buy Back Up to 307,162 Of Its Common Shares

(Lakeshore, Ontario – December 23, 2020) – Reko International Group Inc. (TSX-V: REKO) announced today the approval of a normal course issuer bid for 307,162 of its outstanding common shares.

The notice provides that Reko may, during the 12-month period commencing December 31, 2020 and ending December 30, 2021, purchase on the TSX Venture Exchange up to a total of 307,162 of its common shares, being approximately 5% of the outstanding common shares. 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 6,143,250 common shares of Reko outstanding as of today.

Reko Reports First Quarter Results for F2021

Windsor, Ontario – December 3, 2020) – Reko International Group Inc. (TSX-V: REKO) today announced results for its first quarter ended October 31, 2020.

Consolidated sales for the quarter ended October 31, 2020, were $6.8 million, compared to $9.4 million in the prior year, a decrease of $2.5 million or 27.0%. The continued impact of the COVID-19 pandemic affected the Company’s ability to secure new sales and, in some cases, caused delays in the kick-off of new awards. Sales in the automotive sector, driven by the introduction of new models and model changes, continue to trend at lower volumes, partly due to the adverse conditions associated with the global pandemic. The company continues to actively pursue other markets, with some recent successes in food processing and medical devices. While these efforts are taking longer than expected, we are starting to get some traction.

Reko Reports Best Quarter of the Fiscal Year

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

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.