Exco Techs - EXCOF STOCK NEWS

Exco Technologies reported Q1 FY2025 results with consolidated sales of $143.6 million, down 8% from $156.7 million in the same quarter last year. Net income decreased to $4.2 million ($0.11 EPS) compared to $5.6 million ($0.15 EPS) in Q1 FY2024. EBITDA was $16.7 million versus $18.1 million prior year.

The Automotive Solutions segment saw sales decline 13% to $72.1 million due to lower production volumes and customer-driven program delays. The Casting and Extrusion segment reported a 3% decrease to $71.4 million, impacted by softer demand in construction and recreational vehicles markets.

The company announced a quarterly dividend of $0.105 per share payable March 31, 2025. Despite current headwinds, Exco maintains its fiscal 2026 targets of $750 million in annual revenue, $120 million EBITDA, and $1.50 EPS.

Exco Technologies (TSX-XTC) held its 2024 annual meeting of shareholders on January 22, 2025, with a 66.5% participation rate, representing 25,621,079 Common Shares. All director nominees were successfully elected with strong majority support, ranging from 95.7% to 99.2% approval rates.

The company's shareholders also approved the appointment of Ernst & Young, LLP as auditors with a 97.9% favorable vote. Exco Technologies operates as a global supplier of innovative technologies for the die-cast, extrusion and automotive industries, with 21 strategic locations across 9 countries and approximately 5,000 employees.

Exco Technologies (TSX:XTC) has announced two upcoming key events. The company will release its first quarter financial results for the period ended December 31, 2024, after market close on January 29, 2025, followed by a management conference call on January 30, 2025, at 10:00 a.m. Additionally, the company will hold its virtual Annual Meeting of Shareholders on January 22, 2025, at 4:30 p.m. (Toronto time).

Exco Technologies operates as a global supplier of innovative technologies for the die-cast, extrusion, and automotive industries, with 21 strategic locations across 9 countries and approximately 5,000 employees serving a diverse customer base.

Exco Technologies reported Q4 2024 results with sales of $155.4 million, down 3% year-over-year, and net income of $7.7 million ($0.20 EPS). Annual sales reached a record $637.8 million. EBITDA was $20.6 million (13.3% of sales) in Q4. The Automotive Solutions segment saw a 10% sales decline due to lower production volumes, while Casting and Extrusion segment grew 5%. The company generated strong free cash flow of $21.7 million for the quarter and $53.8 million for the year. A quarterly dividend of $0.105 per share was declared.

Exco Technologies (TSX: XTC) has scheduled its fourth quarter financial results announcement for November 27, 2024, after market close. The company will host a conference call on November 28, 2024, at 10:00 a.m. Eastern Time to discuss the results. A live audio webcast will be available, and an archived version will be accessible until December 13, 2024. Exco is a global supplier of innovative technologies for die-cast, extrusion, and automotive industries, operating across 21 strategic locations in 9 countries with approximately 5,000 employees.

Exco Technologies (TSX:XTC) reported strong Q3 2024 results with consolidated sales of $161.8 million, down 2% year-over-year. Net income increased 31% to $8.1 million, with EPS rising to $0.21 from $0.16 last year. EBITDA grew 20% to $22.3 million. The Automotive Solutions segment saw a slight sales decrease, while Casting and Extrusion segment sales increased marginally. The company maintained a strong balance sheet with $20.3 million in cash and $107.4 million in debt. Exco announced a quarterly dividend of $0.105 per share. Despite macroeconomic challenges, Exco remains optimistic about its medium-term outlook, targeting $750 million in annual revenue, $120 million EBITDA, and $1.50 EPS by fiscal 2026.

On July 31, 2024, Exco Technologies (TSX – XTC) will report its financial results for the third quarter ending June 30, 2024. The announcement will be made after the close of business. A conference call to discuss the results will be held on August 1, 2024, at 10:00 a.m. Participants can join via a live audio webcast or register for the call to receive dial-in details and a unique PIN. An archived version of the call will be available until August 17, 2024. Exco Technologies is a global supplier of technologies for the die-cast, extrusion, and automotive industries, operating through 21 locations in 9 countries with approximately 5,000 employees.

Exco Technologies (TSX-XTC) reported strong financial results for the second quarter of fiscal 2024, with consolidated sales reaching $163.8 million, a 29% increase in net income to $8.1 million, and EPS of $0.21. The company announced a quarterly dividend of $0.105 per common share. Exco continues to focus on growth initiatives amidst challenging global conditions.