- Consolidated Sales of $154.9 million compared to $161.8 million the prior year quarter;
- Net Income of $5.4 million and EPS of $0.14 in the third quarter;
- Free Cash Flow of $20.1 million compared to $15.9 million the prior year quarter.
- Quarterly dividend of $0.105 per common share to be paid September 29, 2025
TORONTO, July 30, 2025 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX-XTC) today announced results for its third quarter of fiscal 2025 ended June 30, 2025. In addition, Exco announced a quarterly dividend of $0.105 per common share which will be paid on September 29, 2025 to shareholders of record on September 15, 2025. The dividend is an “eligible dividend” in accordance with the Income Tax Act of Canada.
| Three Months Ended June 30 |
Nine Months Ended June 30 |
|||
| (in $ thousands except per share amounts) | ||||
| 2025 | 2024 | 2025 | 2024 | |
| Sales | $154,882 | $161,809 | $464,567 | $482,344 |
| Net income for the period | $5,399 | $8,176 | $16,065 | $21,884 |
| Earnings per share: Basic and Diluted – Reported |
$0.14 | $0.21 | $0.42 | $0.56 |
| EBITDA | $14,690 | $22,257 | $51,056 | $61,541 |
“I am pleased with Exco’s resilience this quarter as we navigated challenging market conditions, customer delays, softer demand, and ongoing trade uncertainties,” said Darren Kirk, Exco’s President and CEO. “Our strategic initiatives—including expanded facilities in key markets and increased adoption of additive tooling—combined with our advantageous positioning under USMCA rules, will allow us to capitalize on reshoring trends and potential tariff opportunities over the longer term. We remain committed to efficiency, innovation, and disciplined cost management to support margin growth and sustained profitability. I sincerely thank the entire Exco team for their continued dedication, hard work, and unwavering focus on safety as we strengthen our competitive edge.”
Consolidated sales for the third quarter ended June 30, 2025 were $154.9 million compared to $161.8 million in the same quarter last year – a decrease of $6.9 million, or 4%. The impact of foreign exchange rate changes increased sales $3.1 million in the quarter and $16.0 million year-to-date.
The Automotive Solutions segment reported third-quarter sales of $80.8 million, reflecting a decrease of $2.1 million compared to the same period last year. Foreign exchange rate fluctuations positively impacted segment sales by $1.5 million in the quarter. The decline in sales during the quarter was primarily attributable to customer-driven delays in specific program launches, unfavorable vehicle mix, and slightly lower blended vehicle production volumes in North America and Europe compared to last year. Furthermore, ongoing global challenges—including uncertainty surrounding import tariffs, recessionary risks, vehicle affordability concerns, evolving environmental regulations affecting production, and weakened consumer confidence—continue to negatively influence the automotive market. Exco anticipates benefiting from recent and upcoming program launches, driving continued growth in our content per vehicle. Nevertheless, the recently introduced U.S. tariffs have created significant uncertainty regarding our future expectations. Despite this uncertainty, quoting activity remains encouraging.
The Casting and Extrusion segment reported third-quarter sales of $74.0 million, representing a decrease of $4.9 million, or 6%, compared to the same period last year. Foreign exchange rate movements positively impacted segment sales by $1.6 million in the quarter. Extrusion tooling sales grew during the quarter, benefiting from diversified end markets such as building and construction, automotive, sustainable energy, transportation, recreational vehicles, and electronic components. Demand within the die-cast tooling market, which primarily serves automotive manufacturers, has weakened as OEMs …