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Forterra Inc (FRTA.OQ)

FRTA.OQ on NASDAQ Stock Exchange Global Select Market

9.36USD
13 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 

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 

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 

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 entered into senior lien term loan credit agreement for a $1.05 billion senior secured term loan
Saturday, 29 Oct 2016 

Forterra Inc : Forterra-On October 25, 2016 co entered into senior lien term loan credit agreement for a $1.05 billion senior secured term loan .Term loan facility will mature on October 25, 2023 - SEC filing.  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.