Business
Reko Reports Continued Profitability in Second Quarter of Fiscal 2025
Reko Reports Continued Profitability in Second Quarter of Fiscal 2025 Canada NewsWire ...
About this update from Reko Manufacturing Group Inc.
[{"type":"text","content":"\n\n\n\n Reko Reports Continued Profitability in Second Quarter of Fiscal 2025\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: RIGHT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n WINDSOR, ON\n \n\n ,\n \n\n March 6, 2025\n \n\n /CNW/ - Reko International Group Inc. (TSXV: REKO) today announced results for its second quarter ended\n \n January 31, 2025\n \n .\n \n\n\n Second Quarter Highlights:\n \n\n\n\n Quarterly net income of\n \n $313\n \n and EPS of\n \n $0.05\n \n improved by\n \n $225\n \n and\n \n $0.03\n \n per share over the first quarter of fiscal 2025\n \n\n Sales increase of\n \n $548\n \n over the prior quarter and\n \n $1,767\n \n over the fourth quarter of fiscal 2024\n \n\n Improved cash position of\n \n $4.3M\n \n over the previous quarter\n \n\n\n\n Financial Highlights:\n \n\n\n\n (in 000's,except for per share data)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n (1)\n \n\n\n\n\n\n Earned revenue is a non-IFRS measure and is calculated as sales less costs associated with purchased material and subcontracting. Earned revenue margin is an expression of earned revenue as a percentage of sales\n \n A reconciliation of this non-IFRS measure is included in the MD&A\n \n\n\n\n\n\n\n\n (2)\n \n\n\n\n\n\n Adjusted EBITDA is a non-IFRS measure and is defined as adjusted earnings from operations excluding depreciation and amortization. A reconciliation of this non-IFRS measure is included in the MD&A.\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Consolidated sales for the quarter ended\n \n January 31, 2025\n \n , decreased by 9.7%, or\n \n $1,162\n \n , compared to the same period last year. Sales in certain areas...