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Forterra, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2021 10-K, filed Mar 1, 2022. Its latest SEC filing is a 15-12B from Mar 25, 2022.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Manufactures concrete pipe, precast products and ductile iron pipe for contractors, distributors and water utilities serving water and drainage infrastructure.

How Did They Make Money?

Trade customers and distributors buy Forterra’s products, with most sales tied to delivery; some long-term engineering and construction jobs generate sales as work progresses.

revenue

Who Were Their Customers?

Forterra sells drainage and precast products mostly directly to contractors and utility companies; ductile iron pipe, fittings and fabricated products are sold mainly through distributors, with some direct sales to contractors and municipalities.

Customers above 10% of revenue, FY2021
of revenue from one customer
FY2020: 16% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 6 cents of every revenue dollar as net income in .

Operating income,
12% of revenue
▲ +41% vs ($153.8M, 10%)
Net income,
6% of revenue
▲ +80% vs ($64.5M, 4%)

How Were They Changing?

Since the FY2021 annual report
  • Mar 21, 2022 Quikrete completed its acquisition of Forterra Forterra became a wholly owned subsidiary, and its common stock was delisted from Nasdaq.

Grew. Revenue grew 18% in 4 years, from $1.6B in to $1.9B in , about 4% a year.

Who Did They Compete With?

Competes with CRH, DECAST, McWane, and American Cast Iron Pipe

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