Canada's Exco Technologies Q3 revenue rises on automotive demand strength in North America

Exco Technologies

29/07/2026 22:13

Overview
Canada die-cast and auto parts supplier's fiscal Q3 revenue rose 7% yr/yr
Fiscal Q3 net income rose to C$5.8 mln, or C$0.15 per share, including restructuring charges
Company launched Exco Energy to pursue opportunities in nuclear and advanced markets

Outlook
Company expects improved profitability as backlog converts to shipments and utilization increases
Exco sees ongoing uncertainty from global trade policy, tariffs and macroeconomic conditions
Company expects reshoring trends and USMCA compliance to support demand for tooling products

Result Drivers
AUTOMOTIVE DEMAND - North American automotive demand, new program launches and favorable vehicle mix boosted Automotive Solutions sales
EXTRUSION TOOLING DEMAND - Solid extrusion tooling sales supported by diversified demand across construction, transportation, renewable energy, electrical and AI infrastructure projects
DIE-CAST BACKLOG - Increased die-cast tooling shipments from elevated backlog, though offset by customer timing delays and facility closure

Company press release: ID:nGNX8jwVRz

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
C$165.40 mln
C$164.50 mln (1 Analyst)
Q3 EPS
 
C$0.15
 
Q3 Net Income
 
C$5.80 mln
 
Q3 Dividend
 
C$0.11
 
Q3 EBITDA
 
C$18.50 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Exco Technologies Ltd is C$9.50, about 18.6% above its July 28 closing price of C$8.01
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
July 28 - CTS Corp Q2 revenue rises on transportation sales; lifts 2026 outlook
July 29 - Brembo raises revenue growth forecast after solid quarter, shares jump
July 29 - Switzerland's Garrett Motion Q2 sales, EBITDA beat estimates, raises outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)