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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 A tool that was running production of acoustic dampening panels at our customer’s facility, a tool originally made by a supplier other than Reko, failed and was no longer able to continue production.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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Reko International Group Inc. Opens New $5.7M Reko Automation Facility

Reko International Group

On Monday June 4th, Reko International Group held the grand opening of its new $5.7M automation and innovation facility, which will be dedicated to Industry 4.0 solutions. 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.

“We’re making automation equipment. So, things that help manufacturers be more competitive on a global scale,” said President and CEO Diane Reko, adding some of the machines are robots that can perform a variety of tasks.

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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