Business
Reko Responds to Economic Headwinds in the Third Quarter of Fiscal 2025
Reko Responds to Economic Headwinds in the Third Quarter of Fiscal 2025 Canada NewsWire...
About this update from Reko Manufacturing Group Inc.
[{"type":"text","content":"\n\n\n\n Reko Responds to Economic Headwinds in the Third 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.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen4{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen2{\nPADDING-RIGHT:0.33em; PADDING-LEFT:0.17em; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\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 June 5, 2025\n \n\n /CNW/ - Reko International Group Inc. (TSXV: REKO) today announced results for its third quarter ended\n \n April 30, 2025\n \n .\n \n\n\n Third Quarter Highlights:\n \n\n\n\n Sales increase of\n \n $742\n \n or 7.7% over the prior year\n \n\n Gross profit improvement of\n \n $1.3M\n \n in third quarter and\n \n $1.8M\n \n year-to-date\n \n\n EPS of\n \n ($0.06)\n \n unfavourably impacted by\n \n ($0.16)\n \n per share due to restructuring costs\n \n\n Continued strong balance sheet with working capital improvement of\n \n $3.5M\n \n over prior year\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\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\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 t...