Home / Business and Economy / Exco Sees Record Sales Amid Profit Boost
Exco Sees Record Sales Amid Profit Boost
1 Aug
Summary
- Exco reported record Q3 sales of CAD 165.4 million, a 7% increase.
- EBITDA rose 26% to CAD 18.5 million, with margins improving to 11.2%.
- Investments are complete, shifting focus to utilization and cash generation.
Exco Technologies announced record-breaking third-quarter sales for fiscal 2026, with revenue climbing 7% to CAD 165.4 million. The company's EBITDA also saw a substantial 26% increase, reaching CAD 18.5 million, which drove the consolidated EBITDA margin to 11.2% from 9.5% in the prior year. This profit improvement was largely fueled by enhanced performance within the Casting and Extrusion segment.
The Casting and Extrusion segment experienced a 4% sales growth to CAD 77.1 million. Its EBITDA margin significantly improved to 16.2% from 12.7%, a gain attributed to strategic pricing, operational efficiencies, and cost-saving measures. Demand for extrusion tooling remains robust across diverse sectors including construction, transportation, and renewable energy.
Exco's President and CEO, Darren Kirk, highlighted that major investments in facilities, machining, automation, and additive manufacturing are now substantially complete. The company's strategic focus is shifting towards maximizing asset utilization, improving margins, enhancing cash generation, and increasing returns on capital. Favorable North American market conditions, driven by increased aluminum use in vehicles and data centers, support continued growth.
