Bullboard - Stock Discussion Forum Exco Technologies Ltd T.XTC

Alternate Symbol(s): EXCOF

Consumer Cyclical Auto Parts

Exco Technologies Limited is a Canada-based global supplier of technologies servicing the diecast, extrusion and automotive industries. The Company operates through two business segments: Casting and Extrusion Technology (Casting and Extrusion) and Automotive Solutions. The Casting and Extrusion segment designs and engineers tooling and other manufacturing equipment. Its operations are... see more

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Exco Technologies Ltd > Exco Results for Second Quarter Ended March 31, 2022

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Post by Betteryear2 on Apr 27, 2022 6:11pm

Exco Results for Second Quarter Ended March 31, 2022

Consolidated Sales of $119.3 million and EBITDA of $12.5 million
Net Income of $5.1 million and EPS of $0.13
Enhanced liquidity with renewed and upsized $125 million 3-year revolver
Growth capital expenditure strategy on track with $22 million in year-to-date spending
Halex Extrusion acquisition expected to close in Exco’s third quarter
Quarterly dividend of $0.105 per common share to be paid June, 30 2022

TORONTO, April 27, 2022 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX-XTC, OTCQX-EXCOF) today announced results for its second quarter of fiscal 2022 ended March 31, 2022. In addition, Exco announced a quarterly dividend of $0.105 per common share which will be paid on June 30, 2022 to shareholders of record on June 16, 2022. The dividend is an “eligible dividend” in accordance with the Income Tax Act of Canada.

Exco Results for Second Quarter Ended March 31, 2022

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