Forterra, Inc. manufactures and sells pipe and precast products in the United States, Canada, and Mexico. It operates through Drainage Pipe & Products; and Water Pipe & Products segments. The company offers concrete drainage pipes used for storm water applications, residential and non-residential site developments, sanitary sewers, low-pressure sewer force mains, tunneled systems, treatment plant piping, and utility tunnels. It provides box culverts, utility vaults, manholes, drainage inlets, and pipe end sections used for roadway and airport drainage, storm water management, utility construction, and water treatment and filtration systems; and architectural panels for buildings, modular railroad crossings, retaining wall and storm water treatment systems, highway noise barriers, and concrete vaults that are used to house dry or wet utilities. The company offers hollow-core planks, prestressed bridge girders, beams, columns, wall panels, stairs, garage floors, and architectural claddings for infrastructure and non-residential applications; and precast concrete bridge girders for highway projects. It provides precast concrete foundation to support prefabricated shelters or equipment buildings; precast product that consolidates and protects underground electrical and communication cables; and storm water technologies for storm water management market. The company offers ductile iron pipes for transmission and distribution of potable and waste water, and smaller diameter applications; concrete pressure pipes for water transmission and distribution, power plant cooling water lines, sewage force mains for waste and storm water, and other various applications; and prestressed concrete and bar-wrapped concrete pipes. It serves construction contractors, developers, utility companies and contractors, municipalities, and waterworks distributors and contractors through distributors. The company was founded in 1899 and is headquartered in Irving, Texas.
IPO Year: 2016
Exchange: NASDAQ
Website: forterrabp.com
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4 - Forterra, Inc. (0001678463) (Issuer)
4 - Forterra, Inc. (0001678463) (Issuer)
4 - Forterra, Inc. (0001678463) (Issuer)
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Royal Bank of Canada resumed coverage of Forterra with a rating of Sector Perform and set a new price target of $24.00 from $23.00 previously
RBC Capital Mkts downgraded Forterra from Outperform to Sector Perform and set a new price target of $24.00 from $23.00 previously
Royal Bank of Canada downgraded Forterra from Outperform to Sector Perform
Citigroup downgraded Forterra from Buy to Neutral
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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 of market today and will be delisted from the Nasdaq Stock Market. Citi served as financial advisor to Forterra, and Gibson, Dunn & Crutcher LLP serve
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 income by 80.3% to $116.3 million as compared to $64.5 million last yearAdjusted EBITDA1 increased by 16.3% to $324.4 million as compared to $279.0 million last yearRedu
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 increased to $35.8 million from $28.8 million in the prior year quarterAdjusted EBITDA1 of $96.2 million as compared to $99.0 million in the prior year quart
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 quarter increased by 33.2% to $36.1 million from $27.1 million in the prior year quarterAdjusted EBITDA1 increased by 8.7% to $93.4 million as compare
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. Based in Independence, Missouri, Barbour primarily serves the greater Kansas City metropolitan area. For the past 75 years, Barbour has provided high quality products and service to meet customer needs as well as serving a
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 margin improved by more than 450 basis points year-over-yearNet income for the quarter was $18.7 million, compared to a net loss of $14.1 million in the pr
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 profit margin improved by more than 400 basis points year-over-yearNet income for 2020 was $64.5 million, compared to a net loss for 2019 of $7.3 millionAdjusted EBITDA
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 approximately $2.74 billion, including outstanding debt. The transaction, which was unanimously approved by the Forterra Board of Directors, represents a premium of approximately 38.5% to Forterra’s 90-day volume-weighted average share pr
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 Webcast InformationEvent: Q4 2020 Forterra, Inc. Earnings CallDate: Thursday, February 25, 2021Time: 9:30 a.m. Eastern Time (8:30 a.m. Central)Webcast: https:
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8-K - Forterra, Inc. (0001678463) (Filer)
8-K - Forterra, Inc. (0001678463) (Filer)
8-K - Forterra, Inc. (0001678463) (Filer)
8-K - Forterra, Inc. (0001678463) (Filer)
10-Q - Forterra, Inc. (0001678463) (Filer)
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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 quarter increased by 33.2% to $36.1 million from $27.1 million in the prior year quarterAdjusted EBITDA1 increased by 8.7% to $93.4 million as compare
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