EXCO TECHS LTD - EXCOF STOCK NEWS

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 An archived version of the call will be available until August 17, 2024.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.

Exco Technologies to Report Second Quarter Financial Results on May 1, 2024

Exco Technologies Limited (TSX: XTC) announces approval of normal course issuer bid by the Toronto Stock Exchange, allowing the purchase of up to 1,780,000 common shares. Exco aims to enhance shareholder value through share repurchases using available cash and bank facilities.

Exco Technologies Limited (TSX-XTC) appoints Tommy J. Skudutis, a former executive of Magna International Inc., to its Board of Directors. With over 30 years of experience in the automotive industry, Tom brings valuable expertise to Exco, expanding the Board to six directors. His extensive background in operations and executive leadership positions makes him a valuable addition to the team.

Exco Technologies Limited (EXCOF) reported a 13% increase in consolidated sales, reaching $156.7 million, with a net income of $5.6 million, a 25% increase over the prior year. The company also announced a quarterly dividend of $0.105 per common share. The Automotive Solutions segment reported a sales increase of 18%, while the Casting and Extrusion segment reported a 7% increase in sales. The company's first quarter consolidated net income increased to $5.6 million, and EBITDA was $18.1 million, representing an 11.5% margin of sales. Exco Technologies aims to achieve a compounded average annual growth rate of approximately 10% for revenues through fiscal 2026.

Exco Technologies Limited (TSX-XTC) announced the voting results from its 2023 annual meeting of shareholders, where a total of 25,764,482 Common Shares or 66.27% of the issued and outstanding Common Shares were voted. Each director nominee was elected by a substantial majority, with voting percentages ranging from 95.2% to 99.5%. Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion, and automotive industries, with 21 strategic locations in 9 countries and approximately 5,000 employees.

Exco Technologies Limited (TSX – XTC) will attend the 35th annual World Outlook Financial Conference, where Mr. Darren Kirk, President and CEO, will present 'Shaping a Sustainable Future for the Automotive Industry.' Exco is a global supplier of innovative technologies in die-cast, extrusion, and automotive industries, with 21 strategic locations in 9 countries and approximately 5,000 employees.