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Exco Techs (EXCOF) provides advanced digital transformation and IT infrastructure solutions for enterprises. This page aggregates official press releases and news articles, offering investors and industry professionals a centralized resource for tracking the company's developments.
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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 An archived version of the call will be available until August 17, 2024.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.
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