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Forterra Inc (FRTA.OQ)

FRTA.OQ on NASDAQ Stock Exchange Global Select Market

9.16USD
12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Forterra Says U.S. Court Granted Motion To Dismiss Relating To Lawsuit Filed By Affiliates Of Heidelbergcement A.G.
Tuesday, 12 Dec 2017 06:36am EST 

Dec 12 (Reuters) - Forterra Inc ::FORTERRA - ON DEC 8, U.S. COURT GRANTED MOTION TO DISMISS FILED BY CERTAIN AFFILIATES OF CO RELATING TO LAWSUIT FILED BY AFFILIATES OF HEIDELBERGCEMENT A.G..FORTERRA - COURT ALSO RULED THAT AFFILIATES OF HEIDELBERGCEMENT A.G.'S INDEMNIFICATION CLAIMS WERE BARRED DUE TO CONTRACTUAL STATUTE OF LIMITATIONS.FORTERRA-HEIDELBERGCEMENT A.G. LAWSUIT IS CONCERNING AN EARN-OUT CONTINGENCY AS PER DEAL GOVERNING 2015 ACQUISITION OF CERTAIN BUSINESSES FROM HEIDELBERG.FORTERRA-COURT RULED INDEPENDENT ACCOUNTING ARBITRATOR APPOINTED POST 2015 ACQUISITION DEAL HAS JURISDICTION OVER CALCULATION OF ADJUSTED EBITDA UNDER DEAL.  Full Article

Forterra Inc Q3 loss per share $0.18
Wednesday, 8 Nov 2017 06:00am EST 

Nov 8 (Reuters) - Forterra Inc :Forterra announces third quarter 2017 results.Q3 loss per share $0.18.Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Q3 revenue $444.3 million versus I/B/E/S view $451.2 million.Expects that net loss for Q4 of 2017 will range from $16 million to $13 million​.Sees Q4 ‍adjusted EBITDA will range from $20 million to $25 million​.Q4 ‍guidance range assumes YOY decline in sales, $27 million decline in net sales on divestiture of U.S. concrete & steel pressure pipe unit.  Full Article

Forterra says Q3 loss per share $0.18
Wednesday, 8 Nov 2017 06:00am EST 

Nov 8 (Reuters) - Forterra Inc -:Forterra announces third quarter 2017 results.Q3 loss per share $0.18.Q3 sales $444.3 million versus I/B/E/S view $451.2 million.Q3 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Forterra Inc - ‍expects that net loss for Q4 of 2017 will range from $16 million to $13 million​.Forterra Inc sees Q4 ‍adjusted EBITDA will range from $20 million to $25 million​.  Full Article

Forterra names Charlie Brown CFO, executive vice president
Thursday, 7 Sep 2017 06:00am EDT 

Sept 7 (Reuters) - Forterra Inc :Charlie Brown joins forterra as executive vice president and chief financial officer.Forterra Inc - Charlie Brown succeeds Matt Brown​.  Full Article

Forterra Inc Q2 loss per share $0.18
Thursday, 10 Aug 2017 06:00am EDT 

Aug 10 (Reuters) - Forterra Inc :Forterra announces second quarter 2017 results.Q2 loss per share $0.18.Q2 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.Q2 revenue $436.7 million versus I/B/E/S view $440.7 million.Residential and commercial outlook remains strong.Excessive rainfall negatively impacted shipments.Have positive momentum heading into second half of 2017.Will reevaluate whether or not to provide guidance beyond Q3 of 2017 prior to reporting results for Q3 of 2017​.Made significant progress on cost-cutting initiatives, expect will materially lower costs in 2018 and beyond.Decision to provide guidance for Q3 of 2017 was based on significantly lower expectations for company for Q3 of 2017​.Expects that EBITDA and adjusted EBITDA margins in Q3 of 2017 will be lower than Q3 of 2016 levels.Expects that net income for Q3 of 2017 will range from $1.0 million to $7.0 million​.Net sales in Q2 were negatively impacted by tropical storm Cindy, excessive rainfall events around country, decline in average sales prices of products sold.  Full Article

Forterra reports Q2 loss per share $0.18
Thursday, 10 Aug 2017 06:00am EDT 

Aug 10 (Reuters) - Forterra Inc :Forterra announces second quarter 2017 results.Q2 loss per share $0.18.Q2 sales $436.7 million versus I/B/E/S view $440.7 million.Q2 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.Forterra - Qtrly net sales were negatively impacted by tropical storm cindy, excessive rainfall events around country, decline in average sales prices of products sold.Forterra Inc - ‍Outlook for Q3 of 2017 reflects a "more challenging" market environment than co had previously expected​.Forterra Inc - Expects that average sales prices in both segments in Q3 of 2017 will be similar to averages in Q3 of 2016..Forterra Inc - Expects that net income for Q3 of 2017 will range from $1.0 million to $7.0 million.Forterra Inc - Expects ‍cost-cutting initiatives will materially lower costs in 2018 and beyond​.Forterra Inc - Expects that EBITDA and adjusted EBITDA margins in Q3 of 2017 will be lower than Q3 of 2016 levels.  Full Article

Forterra appoints Chris Meyer as chairman of board
Monday, 31 Jul 2017 05:45pm EDT 

July 31 (Reuters) - Forterra Inc ::Forterra Inc - on july 27, 2017, Samuel D. Loughlin resigned from his position as chairman and a member of board of directors of Forterra, Inc..Forterra Inc - board unanimously approved appointment of Chris Meyer as new chairman of board.  Full Article

Forterra posts Q1 loss per share $0.35
Monday, 15 May 2017 06:13am EDT 

May 15 (Reuters) - Forterra Inc :Forterra announces its first quarter 2017 results.Q1 sales $338.3 million versus I/B/E/S view $338.6 million.Q1 loss per share $0.35.Q1 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S.Forterra Inc - company does not anticipate providing an annual or quarterly guidance going forward.Forterra Inc - expects that net income for Q2 of 2017 will range from $3.0 million to $10.0 million.Forterra Inc - sees Q2 adjusted EBITDA $50.0 million to $60.0 million.Forterra - decline in net sales excluding acquisitions was due to a more typical winter in Q1 2017 and impact of heavy rain and flooding in California.Forterra - Expects costs associated with growth, other initiatives, integration activities. Sarbanes-Oxley act compliance to result in lower YoY results in H1.Forterra - initiatives expected to contribute towards ability to achieve 2019 target of 400 basis point expansion in income from operations as a percent of sales as compared to 2016.  Full Article

Forterra Q4 net loss $48.7 million
Wednesday, 29 Mar 2017 11:30pm EDT 

Forterra Inc : Forterra announces its fourth quarter and full year 2016 results . Q4 sales $354.1 million versus i/b/e/s view $373.2 million .Q4 2016 had a consolidated net loss of $48.7 million, compared to a net loss of $33.1 million in prior year quarter.  Full Article

Forterra announces acquisition of Royal Enterprises America's business
Monday, 6 Feb 2017 06:00am EST 

Forterra Inc - : Forterra announces acquisition of Royal Enterprises America's business .Says terms of transaction were not disclosed.  Full Article

BRIEF-Forterra Says U.S. Court Granted Motion To Dismiss Relating To Lawsuit Filed By Affiliates Of Heidelbergcement A.G.

* FORTERRA - ON DEC 8, U.S. COURT GRANTED MOTION TO DISMISS FILED BY CERTAIN AFFILIATES OF CO RELATING TO LAWSUIT FILED BY AFFILIATES OF HEIDELBERGCEMENT A.G.