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Reko International Group Inc. announces new Chief Financial Officer

Reko International Group

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

Reko International Group

(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

Reko International Group

(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

Reko International Group

(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 Tooling Helps Customer

Reko Does What it Takes to Help Its Valued Customers

Reko International Group

On the weekend of October 27/28, the team at Reko’s Tooling Division came to the rescue for one of their longstanding Tier 1 automotive customers. A tool that was running production of acoustic dampening panels at our customer’s facility, a tool originally made by a supplier other than Reko, failed and was no longer able to continue production. This happened late on a Saturday night, and the customer immediately called Reko to see if we could help.

Reko reports profitable quarter to end the fiscal year

Reko International Group

(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 International Group Newsletter – June 2018

Reko International Group

Spring 2018 was a busy quarter for Reko International Group! First and foremost on our list of exciting achievements was the grand opening of our new Automation facility on June 4th. Also in the news was our team’s travels to New York City for the 2018 ATX East Automaton Technology Expo.

Other included:

  • Reko in the community
  • Reko Welcomes
  • Tigers game
  • Corporate Challenge and Heartbreaker Challenge
  • … And more!

Click here to Download our June 2018 Newsletter

Reko Celebrates Grand Opening of New Automation & Innovation Facility

Reko International Group
  • 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

Reko International Group

(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.

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