Exco Technologies Reports Record Q3 Earnings with Strong Sales and Improved Margins
Exco Technologies reported record third-quarter sales of CAD 165.4 million for fiscal 2026, a 7% increase year over year. The company's EBITDA rose by 26% to CAD 18.5 million, with the consolidated margin improving to 11.2%. This growth was primarily driven by stronger performance in its Casting and Extrusion segment, where sales reached CAD 77.1 million and margins expanded from 12.7% to 16.2%, attributed to pricing discipline and cost efficiency. The Automotive Solutions division saw a 9% increase in sales but faced profit declines due to unfavorable product mix and rising labor and supply-chain costs. Management expects the die-cast tooling segment's performance to improve significantly in Q4 as delayed backlog shipments are completed. Exco also announced the launch of its new venture, Exco Energy, targeting Canada’s nuclear market using existing precision manufacturing capabilities. The company is shifting focus from expansion spending toward asset utilization and cash generation, with capital expenditures projected at CAD 20 million for fiscal 2026.
Tickers: $EXCOF