Press Release: Reko Reports Year End Profit
Press Release: Reko Reports Year End Profit
Reko Reports Year End Profit
REKO報告年終利潤
Canada NewsWire
加拿大新聞通訊社
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國際集團公司(多倫多證券交易所股票代碼:REKO)今天公佈了截至2021年7月31日的第四季度和年度業績。
Financial Highlights:
財務亮點:
(in 000's, except for per share data)
(單位:000,每股數據除外)
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
三個月,十二個月(未經審計)(未經審計)財政 2021 2020 2021 2020 銷售額$8,957$11,353$39,196$40,226淨收入491 502 864 763每股基本收益0.08 0.08 0.14 0.12營運資金20,274 20,256股東權益47,056 46,909每股股東權益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年第四季度的合併銷售額為900萬美元,而去年同期為1140萬美元,減少了240萬美元,降幅為21.1%。截至2021年7月31日的一年,合併銷售額為3920萬美元,而上一年為4020萬美元,減少了100萬美元,降幅為2.5%。持續的邊境限制影響了讓客户進入設施審查和簽署其設備的能力。這影響了該季度的銷售額,因為收入的一部分轉移到了2022財年,而不是在2021財年確認。我們繼續認識到銷售多元化的重要性,並正在積極開展工作,使我們的客户基礎多樣化,同時仍然適合我們的駕駛室。在這方面取得了重大進展,特別是在最近幾個月。公司致力於將我們工作負荷的波動性降至最低。使我們的客户基礎多樣化,同時與現有客户保持強大的聯繫,將降低收入流的可變性。
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日的季度毛利潤為100萬美元,佔銷售額的11.5%,而去年同期為120萬美元,佔銷售額的10.8%。截至2021年7月31日的一年,毛利潤為480萬美元,佔銷售額的12.3%,而上年為440萬美元,佔銷售額的11.0%。公司繼續鼓勵員工儘可能高效地工作,同時保持質量和卓越。第一季度發生的組織重組也促進了毛利率的增長。隨着團隊變得更加忙碌,尋找更有效的方法來完成任務也是一種自然的趨勢。在可能的情況下,從我們的供應商那裏獲得最好的價格也有助於提高盈利能力。
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.
第四季度的銷售和管理費用(SG&A)為120萬美元,佔銷售額的13.7%,而去年同期為140萬美元,佔銷售額的12.3%。截至2021年7月31日的一年中,SG&A為540萬美元,佔銷售額的13.8%,而前一年為510萬美元,佔銷售額的12.7%。SG&A的增長是由於與年內發生的重組相關的成本。該公司不斷要求員工注意可自由支配的支出,這有助於抵消與重組相關的遣散費。
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,淨收益為90萬美元,或每股0.14美元,而上一年的淨收益為80萬美元,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.
隨着新冠肺炎疫情的持續影響,該公司已有資格獲得加拿大緊急工資補貼(CEW)。在本財政年度,該公司獲得了240萬美元的CEW資金。
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以強勁的資產負債表結束了這一年,現金和短期投資總計1070萬美元,營運資本總計2020萬美元。這一雄厚的現金狀況有助於支持一些戰略性資本支出承諾,其中最引人注目的是一台新的APEC機器、機器人和用於研發的設備,以及額外的模擬軟件許可證,以提高產能。
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日的季度裏,該公司根據正常進程發行人投標條款購買並隨後取消了11,900股票。在截至2021年7月31日的財年中,總共購買和註銷了23.88萬股,成本為80萬美元。
"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."
首席執行官黛安·雷科(Diane Reko)表示:“考慮到我們作為加拿大出口商在2021財年面臨的挑戰,我對我們的業績感到高興。”“允許美國公民全面接種疫苗進入加拿大的決定拖延了很久,這在很多方面都讓我們付出了代價,並將產生長期影響。由於邊境限制和COVID驅動的要求,我們還在支持我們安裝的設備方面產生了顯著的額外成本。儘管如此,我們仍在繼續尋求新的市場,創新和控制成本,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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板政策中定義)均不對本新聞稿的充分性或準確性承擔責任。關於REKO國際集團公司
About Reko International Group Inc.
關於REKO國際集團公司
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國際集團公司(多倫多證券交易所股票代碼:REKO)是一家多元化的技術驅動型製造組織,位於安大略省西南部,距離美國邊境只有幾分鐘的路程。專業領域包括機器人工廠自動化解決方案、大型關鍵零件的精密加工以及塑料注射和低壓縮聲學工具。REKO以家庭為導向的文化擁抱過去的經驗,促進創新,始終確保最高標準的質量。Reko相信通過發展製造業來加強社區建設。
SOURCE Reko International Group Inc.
來源:Reko International Group Inc.
View original content: http://www.newswire.ca/en/releases/archive/October2021/14/c4444.html
查看原創內容:http://www.newswire.ca/en/releases/archive/October2021/14/c4444.html
/CONTACT:
/聯繫方式:
visit, or contact Catia Longo, Chief Financial Officer at (519) 727-3287
訪問或聯繫首席財務官Catia Longo,電話:(519)727-3287
/Web site: http://www.rekointl.com
網址:http://www.rekointl.com
Copyright CNW Group 2021
版權所有CNW集團2021