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Exco Technologies Limited - Results for First Quarter Ended December 31, 2016
Exco Technologies Limited - Results for First Quarter Ended December 31, 2016 Cana...
About this update from Exco Technologies Limited
[{"type":"text","content":"\n\n\n\nExco Technologies Limited - Results for First Quarter Ended December 31, 2016\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen4{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Feb. 1, 2017\n\n\n\n\nSales up 17%; EBITDA up 11% versus prior year \nEPS of $0.30 in the quarter excluding ALC S.A. closure costs 1 \nQuarterly dividend raised 14% to $0.08 per common share \nFree cash flow of $18 million during the quarter \nBalance sheet and liquidity remain very strong\n\n\n\nTORONTO, Feb. 1, 2017 /CNW/ - Exco Technologies Limited (TSX-XTC) today announced results for its first fiscal quarter ended December 31, 2016. In addition, the Company announced a 14% increase in its quarterly dividend to $0.08 per common share which will be paid on March 31, 2017 to shareholders of record on March 15, 2017. The dividend is an \"eligible dividend\" in accordance with the Income Tax Act of Canada.  \n\n\n\n\n\nThree Months endedDecember 31\n\n\n\n(in $ millions except per share amounts)\n\n\n\n\n\n2016\n\n\n2015\n\n\n\nSales\n\n\n$153.1\n\n\n$130.9\n\n\n\nNet income for the period\n\n\n$11.5\n\n\n$11.8\n\n\n\nEarnings per share \n\n\n\n\n\n\nBasic and Diluted – Reported\n\n\n$0.27\n\n\n$0.28\n\n\n\n\nAdjusted to exclude ALC S.A. closure costs 1\n\n\n$0.30\n\n\n$0.28\n\n\n\nEBITDA 1\n\n\n$23.3\n\n\n$21.0\n\n\n\n...