Aug 8 (Reuters) - Forterra Inc ::FORTERRA ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.11.Q2 REVENUE $416.1 MILLION VERSUS I/B/E/S VIEW $419.5 MILLION.Q2 EARNINGS PER SHARE VIEW $0.08 -- THOMSON REUTERS I/B/E/S.FOR Q3 OF 2018, CO EXPECTS THAT NET INCOME WILL RANGE FROM $5 MILLION TO $11 MILLION AND ADJUSTED EBITDA WILL RANGE FROM $60 MILLION TO $68 MILLION.EXPECT TO CONTINUE TO DELIVER YEAR OVER YEAR IMPROVEMENT IN MARGINS IN DRAINAGE.WATER SEGMENT HAS PROVEN TO BE MORE CHALLENGING THAN EXPECTED.TAKING PRICE AND COST ACTIONS IN WATER SEGMENT TO FIGHT CHALLENGES.OUTLOOK FOR DUCTILE IRON PIPE FOR NEXT TWELVE MONTHS APPEARS "STRONG".WATER SEGMENT FACING CHALLENGES IN FACE OF CONTINUED HIGHER AVERAGE SCRAP COSTS.
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July 24 (Reuters) - Forterra Inc ::FORTERRA ANNOUNCES ORGANIZATIONAL REALIGNMENT OF WATER PIPE & PRODUCTS SEGMENT.RICH HUNTER, CHIEF OPERATING OFFICER, WILL DIRECT OPERATIONS TEAM.VIK BHATIA, EXECUTIVE VICE PRESIDENT, WILL LEAD COMMERCIAL TEAM.FORTERRA - REAFFIRMS FINANCIAL OUTLOOK FOR Q2 2018, BEFORE ADJUSTMENTS FOR FINANCIAL STATEMENT IMPACTS OF RECENTLY ANNOUNCED SALE-LEASEBACK AMENDMENT.Q2 EARNINGS PER SHARE VIEW $0.08, REVENUE VIEW $419.5 MILLION -- THOMSON REUTERS I/B/E/S.
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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.
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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.
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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.
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