reports
Quikrete Completes Acquisition of Forterra, Inc.
Quikrete Completes Acquisition of Forterra, Inc. IRVING, Texas, March 18, 2022 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra”) (NASDAQ:FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced that Quikrete Holdings, Inc. (“Quikrete”) completed its acquisition of all outstanding shares of Forterra for $24.00 per share in an all cash transaction, with Forterra becoming a wholly owned subsidiary of Quikrete. As a result of the transaction’s completion, Forterra’s common stock will cease trading at the close...
Forterra Announces Fourth Quarter and Full Year 2021 Results
Forterra Announces Fourth Quarter and Full Year 2021 Results IRVING, Texas, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced results for the quarter and full year ended December 31, 2021. Full Year 2021 Highlights Increased net sales by 16.5% to $1,858.3 million as compared to $1,594.5 million last yearIncreased gross profit by 11.6% to $420.4 million as compared to $376.7 million last year Increased net inco...
FORTERRA sees an upgrade to Positive due to a better fundamental star ...
The general evaluation of FORTERRA (US), a company active in the Building Materials & Fixtures industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date December 7, 2021, the closing price was USD 23....
Forterra Announces Third Quarter 2021 Results
Forterra Announces Third Quarter 2021 Results IRVING, Texas, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced results for the quarter ended September 30, 2021. Third Quarter 2021 Highlights Increased net sales by 15.1% to $526.6 million as compared to $457.6 million in the prior year quarterGross profit of $116.6 million as compared to $126.3 million in the prior year quarterNet income for the quarter increas...
Forterra Announces Second Quarter 2021 Results
Forterra Announces Second Quarter 2021 Results IRVING, Texas, July 28, 2021 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced results for the quarter ended June 30, 2021. Second Quarter 2021 Highlights Increased net sales by 15.6% to $492.8 million as compared to $426.2 million in the prior year quarterIncreased gross profit by 13.3% to $119.6 million as compared to $105.6 million in the prior year quarterNet income for the...
Forterra Announces Acquisition of Barbour Concrete Company
Forterra Announces Acquisition of Barbour Concrete Company Expands Forterra’s Reach into Growing Precast Markets IRVING, Texas, July 01, 2021 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (Nasdaq: FRTA), a leading manufacturer of water and drainage infrastructure pipe and precast products in the United States and Eastern Canada, today announced that it has acquired the business of Barbour Concrete Company & Barbour Building Systems (“Barbour”), a manufacturer of precast concrete products used in drainage, stormwater, utility and other infrastructure applications. Bas...
Forterra Announces First Quarter 2021 Results
Forterra Announces First Quarter 2021 Results IRVING, Texas, April 28, 2021 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced results for the quarter ended March 31, 2021. First Quarter 2021 Highlights Increased net sales by 11.2% to $368.1 million as compared to $330.9 million in the prior year quarterIncreased gross profit by 40.0% to $82.3 million as compared to $58.8 million in the prior year quarter; gross profit margi...
Forterra Announces Fourth Quarter and Full Year 2020 Results
Forterra Announces Fourth Quarter and Full Year 2020 Results IRVING, Texas, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced results for the quarter and full year ended December 31, 2020. Full Year 2020 Highlights Increased net sales by 4.2% to $1,594.5 million as compared to $1,529.8 million last yearIncreased gross profit by 27.1% to $376.7 million as compared to $296.4 million last year; gross prof...
Forterra Enters Into Definitive Agreement to Be Acquired by Quikrete
Forterra Enters Into Definitive Agreement to Be Acquired by Quikrete Forterra Shareholders to Receive $24.00 Per Share in Cash IRVING, Texas and ATLANTA, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ:FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced that it has entered into a definitive agreement under which Quikrete Holdings, Inc. (“Quikrete”) will acquire all outstanding shares of Forterra for $24.00 per share in an all cash transaction valued at approxi...
Forterra Announces Fourth Quarter 2020 Earnings Schedule
Forterra Announces Fourth Quarter 2020 Earnings Schedule IRVING, Texas, Feb. 15, 2021 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra”) (NASDAQ: FRTA) plans to release its fourth quarter and full year 2020 financial results after the market close on Wednesday, February 24, 2021. A conference call to review financial results will be held on Thursday, February 25, 2021 at 9:30 a.m. Eastern Time (8:30 a.m. Central). Hosting the call will be Karl Watson, Jr., Chief Executive Officer, and Charlie Brown, Executive Vice President and Chief Financial Officer. CONFERENCE CALL AND WEBCAST DETAILS W...
Forterra Announces Third Quarter 2020 Results
Forterra Announces Third Quarter 2020 Results IRVING, Texas, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced results for the quarter ended September 30, 2020. Third Quarter 2020 Highlights and Recent Developments Increased gross profit by 23.7% to $126.3 million as compared to $102.1 million in the prior year quarter and improved gross profit margin by 560 basis points year-over-yearNet income increased by 2...
Forterra Announces Favorable Decision in Earnout Arbitration
Forterra Announces Favorable Decision in Earnout Arbitration IRVING, Texas, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced that a decision favorable to the Company has been rendered in the arbitration proceeding involving the earnout provision in the purchase agreement relating to the 2015 acquisition of certain businesses now owned by the Company from HeidelbergCement, A.G. (“Heidelberg”). A neutral accoun...
Forterra Inc: 1 director sold
A director at Forterra Inc sold 10,000 shares at 14.350USD and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...
Forterra Announces Second Quarter 2020 Results
Forterra Announces Second Quarter 2020 Results IRVING, Texas, July 27, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced results for the quarter ended June 30, 2020. Second Quarter 2020 Highlights Increased net sales by 3.9% to $426.2 million as compared to $410.2 million in the prior year quarterIncreased gross profit by 23.0% to $105.6 million as compared to $85.8 million in the prior year quarter and improved gross ...
Forterra Announces Closing of $500 Million Senior Secured Notes Offeri...
Forterra Announces Closing of $500 Million Senior Secured Notes Offering IRVING, Texas, July 16, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ: FRTA) today announced the closing of the previously announced offering by Forterra Finance, LLC and FRTA Finance Corp., each a wholly owned subsidiary of the Company, of $500.0 million aggregate principal amount of senior secured notes due 2025 (the “Notes”). The Notes have a fixed annual interest rate of 6.50%, which will be paid semi-annually on January 15 and July 15 of each year. Obligations under the Notes a...
Forterra Announces Second Quarter 2020 Earnings Schedule
Forterra Announces Second Quarter 2020 Earnings Schedule IRVING, Texas, July 15, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra”) (NASDAQ: FRTA) plans to release its second quarter 2020 financial results after market close on Monday, July 27, 2020. A conference call to review financial results will be held on Tuesday, July 28, 2020 at 10:00 a.m. Eastern Daylight Time (9:00 a.m. Central). Hosting the call will be Karl Watson, Jr., Chief Executive Officer, and Charlie Brown, Executive Vice President and Chief Financial Officer. CONFERENCE CALL AND WEBCAST DETAILS Webcast Information...
Forterra Announces Pricing of Upsized $500 Million Senior Secured Note...
Forterra Announces Pricing of Upsized $500 Million Senior Secured Notes Offering IRVING, Texas, July 02, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ: FRTA) today announced the upsizing and pricing of the previously announced offering by Forterra Finance, LLC and FRTA Finance Corp., each a wholly owned subsidiary of the Company, of senior secured notes due 2025 (the “Notes”). The aggregate principal amount of the Notes to be issued in the offering was increased to $500 million from the previously announced amount of $400 million. The Notes have a fixed an...
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