The earnings call presented a mixed picture. While there were significant strides in free cash flow and growth in the Casting and Extrusion segment, the Automotive Solutions segment faced challenges with declining sales and pressured margins. Overall, the sentiment is cautiously optimistic with ongoing initiatives to improve efficiency and financial stability.
Company Guidance
During the Exco Technologies Limited Q4 2024 earnings call, the company provided guidance on several key metrics. The Casting and Extrusion segment maintained an 18% EBITDA margin with potential for further improvement, and the company generated $54 million in free cash flow for the year, achieving a 66% conversion rate of EBITDA. Despite a 10% decline in Automotive Solutions segment revenue due to a 5% drop in combined vehicle production volumes in North America and Europe, the company anticipates stable production volumes in 2025, supported by lower interest rates and increased OEM incentives. Exco outlined expectations for a 20% EBITDA margin in the Casting and Extrusion segment and a 15% margin in the Automotive Solutions segment, aiming for consolidated EBITDA margins of 16% in upcoming years. The company also plans to invest $40 million in capital expenditures for fiscal 2025, with $21 million allocated for growth initiatives.
Strong Free Cash Flow
Free cash flow for the year was $54 million, representing a robust 66% conversion of EBITDA.
Growth in Casting and Extrusion Segment
The Casting and Extrusion segment saw a sales increase of $15 million or 5%, with improved EBITDA margins holding steady at around 18%.
Successful Expansion of 3D Printing Operations
The addition of a sixth 3D printer and further orders demonstrate confidence in the expanding market.
Reduction in Net Debt
Net debt was reduced from $94.2 million to $73.4 million compared to the prior year.
Solid Financial Position
Exco ended the quarter with $46 million in available liquidity and plans to invest approximately $40 million in capital expenditures for 2025.
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Exco Technologies (TSE:XTC) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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TSE:XTC Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
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%
Jan 31, 2024
C$7.28
C$7.08
-2.73%
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.
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FAQ
When does Exco Technologies Limited (TSE:XTC) report earnings?
Exco Technologies Limited (TSE:XTC) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Exco Technologies Limited (TSE:XTC) earnings time?
Exco Technologies Limited (TSE:XTC) earnings time is at Jan 29, 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.