EXCO TECHS LTD - EXCOF STOCK NEWS

Exco Technologies Limited (OTCQX: EXCOF) held its 2022 annual meeting on January 25, 2023, with 25,271,737 shares (64.95%) voted. All director nominees were elected by a significant majority, with Edward H. Kernaghan receiving 93.9% of votes in favor. Other nominees included Darren M. Kirk (92.3%), Robert B. Magee (99.8%), Colleen M. McMorrow (99.7%), Paul E. Riganelli (90.9%), and Brian A. Robbins (88.6%). The appointment of Ernst & Young, LLP as auditors was also approved with a 96.6% approval rate. This event reflects strong shareholder support for the current board and management team.

Exco Technologies Limited (OTCQX-EXCOF) announced recovery efforts from a cyber incident affecting three of its production facilities within the Large Mould Group. The company has temporarily disabled certain systems to investigate the breach, yet all other operations remain unaffected. Independent experts are assisting with the recovery, and Exco expects operations to substantially resume in two weeks. While the full financial impact is under assessment, customer shipments have not been materially interrupted. The company reiterates its commitment to data security during this challenging period.

Exco Technologies Limited (TSX - XTC) will release its financial results for the first quarter ending December 31, 2022, on January 31, 2023. A conference call is scheduled for February 1, 2023, at 10:00 a.m. to discuss these results. Interested participants can join the call via provided links, with an archived version available until February 15, 2023. Additionally, the Annual Meeting of Shareholders will be held virtually on January 25, 2023, at 4:30 p.m. Exco Technologies is a leading global supplier for the die-cast, extrusion, and automotive industries, employing around 5,000 people.

Exco Technologies reported strong fourth quarter results for the period ending September 30, 2022, with consolidated sales of $140.4 million, a 32% increase from the prior year. Net income was $5.6 million or $0.14 per share. EBITDA rose to $16.5 million from $15.3 million year-over-year. The Automotive Solutions segment grew 16% in sales, while the Casting and Extrusion segment saw a 50% increase. The company continues its growth strategy, deploying $52.7 million in capital spending and announcing a quarterly dividend of $0.105 per common share.

Exco Technologies Limited (TSX-XTC, OTCQX-EXCOF), a leading global provider of innovative technologies for the die-cast, extrusion, and automotive segments, will present at the Sidoti December Virtual Small Cap Conference on December 8, 2022, at 9:15 AM ET. CEO Darren Kirk and CFO Matthew Posno will share insights and engage with investors. Virtual one-on-one meetings will also be held on December 7-8, 2022. Interested participants can register for free at Sidoti's event page. Exco operates across 20 locations in 9 countries with approximately 5,000 employees.

Exco Technologies Limited (TSX – XTC, OTCQX - EXCOF) will announce its fourth-quarter financial results for the period ending September 30, 2022, on November 29, 2022. The management will host a conference call on November 30, 2022, at 10:00 a.m. ET to review the results. Interested participants can access the live audio webcast through Exco's website or register for the Q&A session to receive dial-in details. A replay of the conference call will be available on the company's website starting November 30, 2022.

Exco Technologies Limited announced the resignation of Anne Marie Turnbull as a director, effective August 31, 2022. President and CEO Darren Kirk expressed gratitude for her contributions and wished her well in the future. The company is currently searching for a replacement independent director and aims to appoint a candidate soon. Exco is a global supplier of innovative technologies in the die-cast, extrusion, and automotive industries, employing approximately 5,000 people across 20 strategic locations in 9 countries.

Exco Technologies reported consolidated sales of $129.2 million for Q3 2022, a 12% increase from $115.0 million in Q3 2021. However, net income fell to $5.6 million, or $0.14 EPS, compared to $8.7 million and $0.22 EPS in the previous year. EBITDA totaled $14.6 million, reflecting a decline from $15.2 million in the same quarter last year. The company closed the acquisition of Halex Extrusion in May 2022 and maintained a growth capital expenditure strategy with $29.3 million spent year-to-date. A quarterly dividend of $0.105 per share is scheduled for September 30, 2022.

Exco Technologies Limited will report its third-quarter financial results for the period ending June 30, 2022, on July 28, 2022. A conference call to discuss these results is scheduled for July 29, 2022, at 10:30 a.m. Eastern Time. Interested participants can access the live audio webcast through the company's website. A replay of the call will be available starting July 29 at 1:00 p.m. until August 13, 2022. Exco Technologies operates 20 strategic locations across 9 countries, serving diverse industries such as die-cast, extrusion, and automotive.