EXCO TECHS LTD - EXCOF STOCK NEWS

Exco Technologies Limited (OTCQX: EXCOF) has successfully closed the acquisition of Halex Holdings GmbH's extrusion dies business as of May 2, 2022. Valued at €40 million, this acquisition is set to contribute approximately €40 million in annual sales to Exco. Halex, the second-largest manufacturer of aluminum extrusion dies in Europe, operates from four locations in Germany and Italy. This strategic acquisition enhances Exco's existing operations in Canada, the USA, Mexico, Colombia, and Brazil, and is expected to be immediately accretive to the company's earnings per share.

Exco Technologies Limited (OTCQX: EXCOF) reported its Q2 2022 results with consolidated sales of $119.3 million, a 1% increase from the previous year, and EBITDA of $12.5 million, down 38%. The company achieved a net income of $5.1 million with an EPS of $0.13, reflecting a decrease from $11.7 million or $0.30 per share last year. Exco's liquidity improved with a renewed $125 million revolver, and a quarterly dividend of $0.105 is scheduled for June 30, 2022. The acquisition of Halex Extrusion is on track, expected to close in Q3 2022.

Exco Technologies Limited (TSX - XTC) will report its financial results for the second quarter ending March 31, 2022, on April 27, 2022, after market close. A conference call is scheduled for April 28, 2022, at 10:30 a.m. to discuss these results. Investors can access the live audio webcast on Exco's website or by dialing toll-free. For those unable to attend, an archived version will be available until May 12, 2022. Exco is a global supplier to the die-cast, extrusion, and automotive industries, employing approximately 4,900 people across 16 locations in 7 countries.

Exco Technologies Limited (TSX-XTC, OTCQX-EXCOF) will present at the Sidoti Spring Virtual Investor Conference on March 23-24, 2022. Darren Kirk, President and CEO, along with CFO Matthew Posno, will host a presentation at 3:15 PM ET on March 23. Investors can register for the presentation and one-on-one meetings via sidoti.com. Exco is a global supplier focused on die-cast, extrusion, and automotive industries, supporting the electric vehicle revolution with operations in 7 countries.

Exco Technologies Limited (TSX: XTC) has received approval from the Toronto Stock Exchange for its normal course issuer bid (NCIB), which allows the company to repurchase up to 1,955,000 common shares from February 18, 2022, to February 17, 2023. This represents approximately 10% of Exco's public float of 19,646,779 shares as of February 15, 2022. The repurchases will be conducted at market rates and will enhance shareholder value according to the Board of Directors.

Exco aims to utilize available cash and/or bank facilities to fund the share buyback.

Exco Technologies Limited (TSX-XTC) announced a quarterly cash dividend of $0.105 per common share to be paid on March 31, 2022. This represents a 5% increase from previous levels, marking the fourteenth increase in the past thirteen years. The dividend is classified as an “eligible dividend” under the Canadian Income Tax Act. Darren Kirk, President and CEO, expressed confidence in Exco's capacity to enhance earnings per share and generate significant free cash flow.

Exco Technologies Limited (OTCQX: EXCOF) reported Q1 fiscal 2022 results, achieving consolidated sales of $101.0 million and EBITDA of $9.3 million. The net income stood at $2.7 million, with an earnings per share (EPS) of $0.07. The company increased its quarterly dividend by 5% to $0.105 per common share. Despite strong liquidity with $11.6 million in net cash, sales were down 17% year-over-year, impacted by supply chain issues, particularly semiconductor shortages.

Exco Technologies Limited held its 2021 annual shareholders' meeting on January 26, 2022, with 25,742,929 Common Shares, or 65.55%, represented. All director nominees were elected by substantial majorities. Darren M. Kirk and Robert B. Magee received 99.4% approval, while Edward H. Kernaghan received 82.3%. The appointment of Ernst & Young, LLP as auditors also passed with 99.5% support. The meeting highlights Exco's commitment to strong governance and shareholder engagement, vital for maintaining its position as a leader in innovative technologies for the die-cast, extrusion, and automotive industries.