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 reports recurring developments tied to its role as a global supplier of technologies for the die-cast, extrusion and automotive industries. Company updates focus on quarterly and annual sales, net income, EBITDA, earnings per share, free cash flow, eligible dividends and the performance of its Automotive Solutions and Casting and Extrusion activities.
News also covers new program launches, vehicle-mix effects, large mould and additive tooling demand, restructuring actions, facility rationalization, automation and efficiency initiatives, and shareholder meeting voting results. These disclosures connect Exco's industrial manufacturing operations with customer demand, operating costs, foreign exchange effects and capital returns.
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.