Canada's Reko Q2 sales fall 5.8%, net income up 20.4%

Reko International

05/03/2026 18:09

Overview

Canada manufacturing firm's fiscal Q2 sales fell 5.8% yr/yr due to lower volumes

Net income for fiscal Q2 rose 20.4% yr/yr, aided by tax benefits

Company returned capital via dividends and share buybacks

Outlook

Reko says macroeconomic conditions continue to present headwinds but focus remains on controllable factors to strengthen business

Result Drivers

LOWER SALES VOLUMES - Decline in sales attributed to lower volumes and timing of project activity

TAX BENEFITS - Net income improved due to re-recognition of deferred tax assets and tax recoveries

COST MANAGEMENT - Cost initiatives led to labor savings, helping offset impact of lower sales volumes

Company press release: ID:nBw5pLWjwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
C$0.07


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)