Exco Technologies Limited (XTC:CA) Q3 2026 Earnings Call Transcript

SA Transcripts 161.35K Followers Follow Exco Technologies Limited ( XTC:CA ) Q3 2026 Earnings Call July 30, 2026 10:00 AM EDT Company Participants Darren Kirk - President, CEO & Director Matthew Posno - CFO, VP of Finance & Secretary Conference Call Participants Reece McCauley - Acumen Capital Finance Partners Limited, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to Exco Technologies' Third Quarter Results 2026 Conference Call. [Operator Instructions] Please note today's conference is being recorded. I would now like to hand the conference over to your speaker, Mr. Darren Kirk, President and CEO. Please go ahead, sir. Darren Kirk President, CEO & Director Thank you, Olivia, and good morning, everyone. Welcome to Exco Technologies' Third Quarter Conference Call for fiscal 2026. I'm joined this morning, as usual, by Matthew Posno, our Chief Financial Officer. Before we begin, I'll remind everyone that today's call may contain forward-looking statements and references to non-IFRS measures. Please refer to the cautionary language and reconciliations in yesterday's news release and our MD&A available on SEDAR+ and our website. I'll begin today with an overview of our operations and strategic progress during the quarter, including an update on the official launch of Exco Energy, which I believe represents one of the most exciting developments at our company in many years. Matthew will then walk through the financial details. And following that, we will open the line for questions. Exco delivered solid progress in the third quarter. Consolidated sales increased 7% year-over-year to $165 million, a third quarter record for the company. While EBITDA increased 26% to $18.5 million. Our consolidated EBITDA margin expanded by roughly 170 basis points to 11.2%, driven by a meaningful improvement in our Casting and Extrusion segment. Net income was $5.8 million or $0.15 per share, which included $0.02 of restructuring charges. Excluding those charges, the underlying earnings