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Exco Technologies Limited Announces Results for First Quarter Ended December 31, 2025

EXCOF
  • Consolidated sales reached $149.5 million for the quarter ended December 31, 2025, an increase of 4% from $143.6 million in the prior year quarter.
  • Net income was $4.8 million with earnings per share of $0.13, compared to $4.2 million and $0.11 per share in the prior year quarter.
  • EBITDA totaled $17.4 million, up from $16.7 million in the prior year quarter, with an EBITDA margin of 11.6%.
  • The Automotive Solutions segment sales increased 10% to $79.3 million, driven by new product launches, favorable vehicle mix, & stable production volumes.
  • The Casting & Extrusion segment sales declined 2% to $70.2 million, impacted by OEM deferrals on die-cast tooling due to softer EV demand, though quoting activity improved.
  • Pretax profit for the Automotive Solutions segment rose 37% to $6.5 million, while the Casting & Extrusion segment pretax profit fell 6% to $3.5 million.
  • Corporate expenses increased to $1.9 million from $0.4 million in the prior year quarter, primarily due to foreign exchange losses from a strengthening Canadian dollar.
  • Free cash flow was $4.8 million, up from $3.8 million in the prior year quarter, with capital spending reduced to $4.5 million from $7.7 million.
  • Management forecasts fiscal 2026 capital spending at $28.0 million, a reduction from the $36.0 million spent in fiscal 2025.
  • Net debt remained unchanged at $67.1 million at quarter end, with $24.6 million in cash & $59.8 million available under a $151 million credit facility.
  • A quarterly eligible dividend of $0.105 per common share will be paid on March 31, 2026, to shareholders of record on March 17, 2026.
  • Exco withdrew its fiscal 2026 revenue, EBITDA, & EPS targets due to uncertainty surrounding global trade policy & tariffs, particularly regarding the United States.
  • The company expects products compliant with USMCA rules of origin to remain exempt from tariffs, positioning Exco favorably in the North American market.
  • Management anticipates growth from reshoring industrial manufacturing initiatives & structural automotive trends despite near-term headwinds.