Exco Technologies Limited reported lower sales and net income, impacted by market conditions

From GlobeNewswire: 2025-01-29 17:01:00

Exco Technologies Limited reported consolidated sales of $146.6 million, down from $156.7 million the prior year. Net income was $4.2 million, with EPS of $0.11, compared to $0.15 last year. EBITDA was $16.7 million, down from $18.1 million. A quarterly dividend of $0.105 per common share will be paid on March 31, 2025. The Automotive Solutions segment saw a sales decrease due to lower automotive production volumes. The Casting and Extrusion segment reported a sales decrease as well, impacted by market conditions and demand for extrusion tooling. Exco aims to achieve $750 million in annual revenue by fiscal 2026. Despite macro-economic challenges, Exco remains optimistic about future growth opportunities in its segments.



Read more at GlobeNewswire: Exco Technologies Limited Announces Results for First