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.

Reko’s Profits Improve as Capital Projects Complete

(Windsor, Ontario – June 5, 2018) – Reko International Group Inc. (TSX-V: REKO) today announced results for its third quarter ended April 30, 2018.

Consolidated sales for the quarter ended April 30, 2018, were $11.8 million, compared to $11.7 million in the prior year, an increase of $0.1 million or 0.7%. The increase in sales was related to increases in timing of program kickoffs in certain divisions.

REKO announces its 26th consecutive profitable quarter

(Windsor, Ontario – March 1, 2018) – Reko International Group Inc. (TSX-V: REKO) today announced results for its second quarter ended January 31, 2018.

Consolidated sales for the quarter ended January 31, 2018, were $11.5 million, compared to $11.2 million in the prior year, an increase of $0.3 million or 2.8%. The increase in sales was related to increases in demand in both the automotive and capital equipment markets.

Gross profit for the quarter ended January 31, 2018, was $1.5 million, or 13.4% of sales, compared to a gross profit of $2.0 million, or 18.0% of sales in the prior year. The decrease in gross profit was reflective of a change in product mix, with certain projects worked on during the quarter experiencing lower margins than in prior quarters.

REKO announces its 25th consecutive profitable quarter

(Windsor, Ontario – December 7, 2017) – Reko International Group Inc. (TSX-V: REKO) today announced results for its first quarter ended October 31, 2017.

Consolidated sales for the quarter ended October 31, 2017, were $8.8 million, compared to $10.3 million in the prior year, a decrease of $1.6 million or 15.4%. The decrease in sales was related to timing of kickoffs in certain divisions as well as lower volumes in certain sectors.