XTC stock rises after Q3 earnings report

Shares of Exco Technologies (Exco Technologies Stock Quote, Chart, News, Analysts, Financials TSX:XTC) are leading the TSX today following the company’s third quarter report, which revealed record sales.

On November 29, XTC reported its Q3, 2023 results. The company posted EBITDA of $22.9-million on revenue of $619.3-million, a topline that was up 26.3 per cent over the 489.9-million topline it recorded in the same period last year.

“Exco’s F2023 results clearly demonstrate our aggressive growth strategy is on the right track,” CEO Darren Kirk said. “In addition to substantial financial growth we pushed operational excellence throughout our businesses again this year. It is truly inspiring to see the numerous examples of innovation in both products and processes happening across Exco which I’m confident will propel us towards our lofty growth ambitions. I want to thank all Exco employees for their continued dedication to innovation, efficiency and excellence — the driving force behind our success.”

Markham, Ontario-based Exco Technologies supplies technologies to the die-cast, extrusion and automotive industries.

At press time, shares of XTC were up 9.8 per cent to $7.85.