Welcome to our dedicated page for Exco Techs news (Ticker: EXCOF), a resource for investors and traders seeking the latest updates and insights on Exco Techs stock.
Exco Technologies Limited (EXCOF) is a global supplier of technologies serving the die-cast, extrusion and automotive industries, and its news flow provides detailed insight into these markets. Company announcements regularly cover performance in its Automotive Solutions and Casting and Extrusion segments, highlighting how factors such as vehicle production volumes, program launches, tariffs and regulatory developments affect results.
Investors following EXCOF news can expect frequent quarterly and annual earnings releases that discuss consolidated sales, net income, earnings per share and EBITDA, along with non-IFRS measures such as Free Cash Flow, Pretax Profit and Net Debt. These releases often include commentary on segment-level trends, including demand for extrusion tooling across building and construction, transportation, sustainable energy and other end markets, as well as die-cast tooling demand linked to automotive manufacturers.
Exco’s news also addresses trade policy and USMCA-related dynamics, describing how tariff uncertainty and rules of origin influence its competitive position, particularly in North America. Updates frequently mention the company’s manufacturing footprint, including greenfield facilities in Morocco and Mexico and a substantial presence in the U.S. for extrusion dies and large mould products.
Operational updates in Exco’s releases cover topics such as lean manufacturing initiatives, automation, process standardization and the growth of additive (3D-printed) tooling, including tooling for larger and more complex applications and giga-press technology. Dividend declarations, conference call details and outlook commentary are also recurring elements. For readers seeking structured, company-sourced information on EXCOF, this news feed aggregates financial results, strategic commentary and operational developments in one place.
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.
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Exco Technologies Limited (TSX - XTC) announced plans to report its financial results for the first quarter ending December 31, 2021, on February 2, 2022. A conference call to discuss these results will be held on February 3, 2022, at 10:00 a.m. ET, accessible via audio webcast or telephone. Additionally, the company's Annual Meeting of Shareholders is scheduled virtually for January 26, 2022, at 4:30 p.m. ET. Exco Technologies serves the die-cast, extrusion, and automotive industries, employing approximately 4,900 people across 16 global locations.
Exco Technologies Limited (OTCQX: EXCOF) announced a definitive agreement to acquire Halex Holdings GmbH's extrusion dies business for €40 million (C$58 million). Expected to close in spring 2022, this acquisition enhances Exco's operations in Europe, adding approximately €40 million in annual sales and immediate accretion to earnings per share. With this strategic move, Exco aims to bolster support for global customers and accelerate growth and sustainability objectives, integrating Halex's expertise and production capacity in complex extrusion dies.
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Exco Technologies Limited reported $106.4 million in sales for Q4 2021, a 6% increase year-over-year, with annual sales reaching $461.2 million. EPS for Q4 was $0.18, down 33% from the previous year. EBITDA came in at $15.3 million, representing a 14.4% margin. The company ended the fiscal year with a net cash position of $18.6 million. Despite challenges from supply chain disruptions, particularly in the Automotive Solutions segment, Exco anticipates improved vehicle production in the upcoming year.
Exco Technologies Limited announced the opening of a new 40,000 sq. ft. production facility in Kenitra, Morocco, enhancing its Castool division. This facility complements existing operations in Canada and Thailand, allowing better service to customers in Europe, the Middle East, and Africa. The expansion aims to meet increasing global demand for complex tooling, particularly driven by the electric vehicle sector. This marks Exco's 16th strategic manufacturing site, contributing to its growth targets and ESG priorities.