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Exco Technologies ( (TSE:XTC) ) has shared an announcement.
Exco Technologies reported its financial results for the first quarter ending December 31, 2024, with consolidated sales of $143.6 million, representing an 8% decrease from the previous year. The company faced headwinds in the automotive sector due to production adjustments but remains optimistic about future growth driven by secular trends such as the increasing use of aluminum and the growth of OEM vehicle accessories. Despite challenges, Exco is focusing on operational efficiency and strategic investments to capitalize on market trends. The company announced a quarterly dividend of $0.105 per share, to be paid on March 31, 2025.
More about Exco Technologies
Exco Technologies Limited operates within the manufacturing industry, focusing on providing advanced tooling and equipment solutions. The company primarily serves the automotive sector, offering products such as extrusion tooling, die-cast molds, and accessories, with a market focus on leveraging global trends in vehicle production and sustainability initiatives.
YTD Price Performance: -4.53%
Average Trading Volume: 576
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $194.5M
See more insights into XTC stock on TipRanks’ Stock Analysis page.
