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reko international group inc (REK) Snapshot

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02/23/15 - C$3.98
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08/22/14 - C$1.07
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reko international group inc (REK) Details

Reko International Group Inc. designs and manufactures various engineered products and services for original equipment manufacturers and tier 1 suppliers in Canada and the United States. The company’s products include custom machining of castings and assemblies, specialty machines and lean cell factory automation, compression molds, hydroform dies, plastic injection molds, fixtures, and gauges. It also provides machined products, including crank cases, oil pans for locomotives, and compression housings for oil and gas distribution; specialty machines for gas tank assembly lines, work cell solutions for compression molds, and plastic secondaries; and repair services for CNC machines. In addition, the company is involved in the prototyping, design, production, repair, and maintenance of tooling products. It serves industrial end-users in the rail equipment, mining, military, oil and gas distribution, and automotive sectors. Reko International Group Inc. was founded in 1976 and is headquartered in Lakeshore, Canada.

Founded in 1976

reko international group inc (REK) Top Compensated Officers

Chairman, Chief Executive Officer, Treasurer,...
Total Annual Compensation: C$216.3K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$200.0K
General Manager of Concorde Precision Machini...
Total Annual Compensation: C$139.0K
General Manager of Automation
Total Annual Compensation: C$124.6K
General Manager of Tooling
Total Annual Compensation: C$123.2K
Compensation as of Fiscal Year 2014.

reko international group inc (REK) Key Developments

Reko International Group Inc. Reports Consolidated Earnings Results for the First Quarter Ended October 31, 2014

Reko International Group Inc. reported consolidated earnings results for the first quarter ended October 31, 2014. For the period, the company reported consolidated sales of $10,586,000 against $8,469,000 a year ago. Net income was $366,000 or $0.06 per share against $42,000 or $0.01 per share a year ago. The increase in sales was largely related to increases in demand in both the capital equipment and automotive market, as well as an increase in the US dollar exchange rate.

Reko International Group Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended July 31, 2014

Reko International Group Inc. reported unaudited earnings results for the fourth quarter and year ended July 31, 2014. For the quarter, the company reported sales of $10.6 million, compared to $8.6 million in the prior year, an increase of $2.0 million or 23.3%. The increase in sales is largely related to a increase in demand in the capital equipment market. Net income was $2.1 million or $0.32 per share compared to net income of $0.5 million, or $0.08 per share in the prior year. For the full year, the company’s sales were $38.9 million, compared to $40.7 million in the prior year, a decrease of $1.8 million or 4.4%. The decrease in sales year over year is due to low demand in all markets during the first two quarters of the year. Net income was $2.3 million or $0.36 per share, compared to net income of $1.7 million, or $0.26 per share in the prior year.

Reko International Group Inc. Signs Contract

Reko International Group Inc. announced the signing of a contract with a single customer for their precision machining services. The contract is expected to generate $27.5 million of sales over a three year period, with 34% of the revenue to be earned in the first year, commencing in the third quarter of it's fiscal 2015 year.


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