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REKO announces its 26th consecutive profitable quarter

Reko International Group

(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.

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The Metal Cutter Newsletter – February 2018

Reko International Group

Another year has come and gone – we are all excited for 2018! At the end of 2017, the new EDM machine for the Tooling division arrived; Reko’s new logo was introduced; the Reko Rising 455 project was well underway; and we rolled out our new website and new phone system! 2017 was a busy year, and we look forward to an even busier 2018. It is with excitement and anticipation that we look forward to all the opportunities, challenges and celebrations this year will bring!

Also in this quarter’s edition of “The Metal Cutter”

  • St. Clair College & University of Windsor Annual Job Fair
  • Reko Announces its 25th Consecutive Profitable Quarter
  • Christmas Party
  • Reko Welcomes
  • … And more!

Click here to Download the Metal Cutter – February 2018

REKO announces its 25th consecutive profitable quarter

Reko International Group

(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.

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The Metal Cutter Newsletter – October 2017

Reko International Group

Reko Rising 455!

On August 2, 2017, Reko International Group announced its plans for the construction of a new manufacturing and innovation facility. The building, which will encompass over 40,000 square feet of production space, will be adjacent to its current premises on Silver Creek Industrial Drive in Lakeshore, ON.

Management wanted to name the project, and opened it to all employees to submit suggestions for the project name, and the winner would receive $500. The response was overwhelming. It was difficult to choose just one name, but the name chosen was “Reko Rising” – submitted by Jason Poisson. It was subsequently decided to add the new address to the name, which will be 455. Thanks to everyone who submitted their suggestions, and congratulations to Jason!

Build a Dream Speakers

Build a Dream Windsor 2017

Reko International Group

Founded in 2014, Build a Dream is designed to attract, encourage and recruit female students to pursue careers in skilled trades, STEM (Science, Technology, Engineering and Mathematics) and law enforcement. Yesterday, Build a Dream held it’s 5th annual event at the Ciociaro Club in Windsor, Ontario inviting all young women and parents of young women to the day long event to learn about various career options, hear from established speakers and meet and greet various businesses in the Windsor-Essex area.

REKO Reports Year End Profit

Reko International Group

(Windsor, Ontario – October 4, 2017) – Reko International Group Inc. (TSX-V: REKO) today announced results for its fourth quarter and year ended July 31, 2017.

On July 4, 2016, Reko announced that the customer related to the long term supply agreement announced in 2014, had exercised its right to make an advance payment.  This one time payment of $3.9 million increased sales, gross profit and net income in Q4 2016 by this amount and net income by $2.9 million.  There was no comparable payment in fiscal 2017, and therefore variances must be viewed in the context of this difference.

Consolidated sales for the year ended July 31, 2017, were $43.0 million, compared to $50.6 million in the prior year, a decrease of $7.6 million or 15.1%. The decrease in sales was related to the receipt of a one time payment in lieu of guaranteed volume under the long term agreement in the prior year, noted above, as well as a decrease in volumes in certain types of work in transportation and oil and gas sectors.

Detroit Skyline from Windsor

The Perks of Living In Windsor, Ontario and Working at REKO International Group

Reko International Group

Picture this, you are stuck in a strenuous 9-5 day job, embarking on some extra side gigs in the evenings just to make ends meet, and by the time you get home into your congested neighborhood, you are exhausted. You barely have time for your loved ones and you never really get to see or enjoy the fruits of your labour. Sounds like a situation you can identify with? The solution to your problems may be found in the region of Windsor Essex!

Reko International Group Announces Expansion as Part of Growth Strategy

Reko International Group

(Windsor, Ontario – August 2, 2017) – Reko International Group Inc. (TSX-V: REKO) today announced its plans for the construction of a new manufacturing and innovation facility. The building, which will encompass over 40,000 square feet of production space, will be adjacent to its current premises on Silver Creek Industrial Drive in Lakeshore, ON.

Metal Cutter - July 2017

The Metal Cutter Newsletter – July 2017

Reko International Group

It was a big quarter for Reko International Group!

On March 29, 2017 in Cologne, Germany, the Automation Division of Reko International Group Inc., was awarded the 2016 Supplier of the Year Award in the Tooling and Equipment category. Rick Stone, General Manger of the Reko Automation division, accepted the award on behalf of the company. Congratulations to our Automation Division!

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