Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Exco Technologies Limited (TSE:XTC)
TSX:XTC
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
0.21Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -8.02%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
While Exco Technologies faced significant challenges in the first quarter of fiscal 2025, including a decline in sales and income, increased labor costs, and production delays, there are positive signs such as a strong financial position, encouraging quoting activity, and improved margins in the casting and extrusion segment. The company remains confident in its long-term strategy and ability to meet future targets.Company Guidance
During the Exco Technologies Limited First Quarter Results 2025 Conference Call, CEO Darren Kirk highlighted several key metrics and guidance for the upcoming periods. The company faced challenges in Q1 due to a 3% decline in U.S. automotive production and a more significant 10% drop in Europe, compounded by customer-driven delays in new program launches. Despite these headwinds, Exco remains committed to its long-term strategy, driven by strong quoting activity and secular trends like increased aluminum use. The U.S. saw robust vehicle sales with an annualized rate of around 16 million units. Exco's automotive solutions segment experienced a 13% sales decrease, while the casting and extrusion segment saw a 3% decline. Consolidated sales dropped by 8% to $143.6 million, with net income at $4.2 million, down from $5.6 million the previous year. The company emphasized operational efficiency and cost mitigation strategies, including automation and price increases. Exco's financial position remains strong, with $119 million in cash and $56 million in available credit, supporting growth initiatives and strategic goals toward its 2026 targets.Strong Financial Position
Exco ended the quarter with $119 million in cash, $96 million in bank and long-term debt, and $56 million in availability on its credit facility, indicating a solid financial position to support strategic initiatives.
Encouraging Quoting Activity
Despite challenges, quoting activity remains strong, reflecting ongoing demand for Exco's products and providing optimism for future growth.
Successful Labor Negotiations
Exco successfully completed annual negotiations with Mexican labor unions at levels consistent with budgeted expectations.
Improved Margins in Casting and Extrusion Segment
Margins in the casting and extrusion segment improved slightly year-over-year due to program pricing improvements, favorable product mix, and efficiency initiatives.
---
TSE:XTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TSE:XTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | C$7.11 | C$7.30 | +2.67% |
| Nov 27, 2024 | C$8.43 | C$8.20 | -2.81% |
| Jul 31, 2024 | C$7.76 | C$7.56 | -2.51% |
| May 01, 2024 | C$6.74 | C$6.95 | +3.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Exco Technologies Limited (TSE:XTC) report earnings?
Exco Technologies Limited (TSE:XTC) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Exco Technologies Limited (TSE:XTC) earnings time?
Exco Technologies Limited (TSE:XTC) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:XTC EPS forecast?
TSE:XTC EPS forecast for the fiscal quarter 2025 (Q2) is 0.11.
---