Press Release: Reko Reports Year End Profit
Press Release: Reko Reports Year End Profit
Reko Reports Year End Profit
REKO报告年终利润
Canada NewsWire
加拿大新闻通讯社
WINDSOR, ON, Oct. 14, 2021
温莎,2021年10月14日
WINDSOR, ON, Oct. 14, 2021 /CNW/ - Reko International Group Inc. (TSXV: REKO) today announced results for its fourth quarter and year ended July 31, 2021.
温莎,2021年10月14日/cnw/-REKO国际集团公司(多伦多证券交易所股票代码:REKO)今天公布了截至2021年7月31日的第四季度和年度业绩。
Financial Highlights:
财务亮点:
(in 000's, except for per share data)
(单位:000,每股数据除外)
Three Months Twelve Months
(unaudited) (unaudited)
Fiscal Fiscal Fiscal Fiscal
2021 2020 2021 2020
Sales $8,957 $11,353 $39,196 $40,226
Net income 491 502 864 763
EPS basic 0.08 0.08 0.14 0.12
Working capital 20,274 20,256
Shareholders' equity 47,056 46,909
Shareholders' Equity per Share 7.84 7.51
三个月,十二个月(未经审计)(未经审计)财政 2021 2020 2021 2020 销售额$8,957$11,353$39,196$40,226净收入491 502 864 763每股基本收益0.08 0.08 0.14 0.12营运资金20,274 20,256股东权益47,056 46,909每股股东权益7.84 7.51
Consolidated sales for the fourth quarter of 2021 were $9.0 million compared to $11.4 million in the same period last year, a decrease of $2.4 million, or 21.1%. Consolidated sales for the year ended July 31, 2021 were $39.2 million, compared to $40.2 million in the prior year, a decrease of $1.0 million or 2.5%. Continued border restrictions impacted the ability to get customers in the facility to review and sign off on their equipment. This impacted sales for the quarter, as a portion of revenues shift to fiscal 2022, rather than being recognized in fiscal 2021. We continue to recognize the importance of diversifying sales and are actively pursuing work that diversifies our customer base, while still fitting our wheelhouse. Significant headway has been made in that regard, particularly in recent months. The Company strives to minimize volatility in our workload. Diversifying our customer base while maintaining strong connections with current customers will decrease the variability of the revenue stream.
2021年第四季度的合并销售额为900万美元,而去年同期为1140万美元,减少了240万美元,降幅为21.1%。截至2021年7月31日的一年,合并销售额为3920万美元,而上一年为4020万美元,减少了100万美元,降幅为2.5%。持续的边境限制影响了让客户进入设施审查和签署其设备的能力。这影响了该季度的销售额,因为收入的一部分转移到了2022财年,而不是在2021财年确认。我们继续认识到销售多元化的重要性,并正在积极开展工作,使我们的客户基础多样化,同时仍然适合我们的驾驶室。在这方面取得了重大进展,特别是在最近几个月。公司致力于将我们工作负荷的波动性降至最低。使我们的客户基础多样化,同时与现有客户保持强大的联系,将降低收入流的可变性。
Gross profit for the quarter ended July 31, 2021 was $1 million, or 11.5% of sales, compared to $1.2 million, or 10.8% of sales in the prior year. Gross profit for the year ended July 31, 2021 was $4.8 million, or 12.3% of sales, compared to $4.4 million, or 11.0% of sales in the prior year. The Company continues to encourage staff to work as efficiently as possible, while maintaining quality and excellence. The organization restructuring that occurred in the first quarter also contributed to an increase in gross margin. As teams became busier, there was also a natural tendency to find more efficient ways to get things done. Securing the best pricing from our suppliers when possible has also helped improve profitability.
截至2021年7月31日的季度毛利润为100万美元,占销售额的11.5%,而去年同期为120万美元,占销售额的10.8%。截至2021年7月31日的一年,毛利润为480万美元,占销售额的12.3%,而上年为440万美元,占销售额的11.0%。公司继续鼓励员工尽可能高效地工作,同时保持质量和卓越。第一季度发生的组织重组也促进了毛利率的增长。随着团队变得更加忙碌,寻找更有效的方法来完成任务也是一种自然的趋势。在可能的情况下,从我们的供应商那里获得最好的价格也有助于提高盈利能力。
Selling and administrative expenses ("SG&A") for the fourth quarter were $1.2 million, or 13.7% of sales, compared to $1.4 million, or 12.3% of sales, in the prior year. SG&A for the year ended July 31, 2021 were $5.4 million, or 13.8% of sales, compared to $5.1 million, or 12.7% of sales in the prior year. The increase in SG&A was due to the costs associated with the restructuring that occurred during the year. The Company continuously challenges its staff to be mindful of discretionary spending and this has helped offset the severance payments associated with the restructuring.
第四季度的销售和管理费用(SG&A)为120万美元,占销售额的13.7%,而去年同期为140万美元,占销售额的12.3%。截至2021年7月31日的一年中,SG&A为540万美元,占销售额的13.8%,而前一年为510万美元,占销售额的12.7%。SG&A的增长是由于与年内发生的重组相关的成本。该公司不断要求员工注意可自由支配的支出,这有助于抵消与重组相关的遣散费。
Net income for the year ended July 31, 2021 was $0.9 million, or $0.14 per share, compared to net income of $0.8 million, or $0.12 per share, in the prior year.
截至2021年7月31日的一年,净收益为90万美元,或每股0.14美元,而上一年的净收益为80万美元,或每股0.12美元。
With the COVID-19 pandemic continuing to have its effect, the Company has been eligible for Canada Emergency Wage Subsidy (CEWS). During the fiscal, the Company has received $2.4 million in CEWS funding.
随着新冠肺炎疫情的持续影响,该公司已有资格获得加拿大紧急工资补贴(CEW)。在本财政年度,该公司获得了240万美元的CEW资金。
Reko ended the year with a strong balance sheet, with cash and short-term investments totaling $10.7 million, and working capital totaling $20.2 million. This strong cash position helps support some strategic capital expenditure commitments, most notably a new APEC machine, robots and equipment for research and development, as well as additional simulation software licenses to increase capacity.
Reko以强劲的资产负债表结束了这一年,现金和短期投资总计1070万美元,营运资本总计2020万美元。这一雄厚的现金状况有助于支持一些战略性资本支出承诺,其中最引人注目的是一台新的APEC机器、机器人和用于研发的设备,以及额外的模拟软件许可证,以提高产能。
During the quarter ended July 31, 2021, the company purchased and subsequently cancelled 11,900 shares under the provision of the normal course issuer bid. During the fiscal year ended July 31, 2021, a total of 238,800 shares were purchased and cancelled at a cost of $0.8 million.
在截至2021年7月31日的季度里,该公司根据正常进程发行人投标条款购买并随后取消了11,900股票。在截至2021年7月31日的财年中,总共购买和注销了23.88万股,成本为80万美元。
"I am pleased with our results considering the challenges that we faced as a Canadian exporter in fiscal 2021", stated Diane Reko, CEO. "The long delay in the decision to allow fully vaccinated US citizens into Canada cost us in many ways and will have a long-term impact. We also incurred significant additional costs in supporting our installed equipment due to border restrictions and COVID-driven requirements. Nonetheless, we continue to pursue new markets, innovate, and control costs in order to improve profitability."
首席执行官黛安·雷科(Diane Reko)表示:“考虑到我们作为加拿大出口商在2021财年面临的挑战,我对我们的业绩感到高兴。”“允许美国公民全面接种疫苗进入加拿大的决定拖延了很久,这在很多方面都让我们付出了代价,并将产生长期影响。由于边境限制和COVID驱动的要求,我们还在支持我们安装的设备方面产生了显著的额外成本。尽管如此,我们仍在继续寻求新的市场,创新和控制成本,以提高盈利能力。”
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. About Reko International Group Inc.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所创业板政策中定义)均不对本新闻稿的充分性或准确性承担责任。关于REKO国际集团公司
About Reko International Group Inc.
关于REKO国际集团公司
Reko International Group Inc. (TSX-V:REKO) is a diversified, technology-driven manufacturing organization located in Southwestern Ontario, just minutes from the U.S. border. Areas of expertise include robotic factory automation solutions, the precision machining of large critical parts, and plastic injection and low compression acoustic tooling. Reko's family-oriented culture embraces past experience, fosters innovation, and always ensures the highest standard of quality. Reko believes in strengthening communities by advancing manufacturing.
REKO国际集团公司(多伦多证券交易所股票代码:REKO)是一家多元化的技术驱动型制造组织,位于安大略省西南部,距离美国边境只有几分钟的路程。专业领域包括机器人工厂自动化解决方案、大型关键零件的精密加工以及塑料注射和低压缩声学工具。REKO以家庭为导向的文化拥抱过去的经验,促进创新,始终确保最高标准的质量。Reko相信通过发展制造业来加强社区建设。
SOURCE Reko International Group Inc.
来源:Reko International Group Inc.
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/CONTACT:
/联系方式:
visit, or contact Catia Longo, Chief Financial Officer at (519) 727-3287
访问或联系首席财务官Catia Longo,电话:(519)727-3287
/Web site: http://www.rekointl.com
网址:http://www.rekointl.com
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