Exco Technologies Limited (XTC) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and thank you for standing by. Welcome to the EXCO Technologies Limited Third Quarter Results 2025. At this time, all participants are in a listen-only mode. After the presentation, there will be a question-and-answer session. To participate, you will need to press star 1-1 on your telephone. You will then hear a message advising your hand is raised. To withdraw your question, simply press star 1-1 again. Please note, this event is being recorded. Now, it's my pleasure to turn the call to the President and CEO, Mr. Darren Kirk. The floor is yours. Thank you, Carmen, and good morning, everyone. Welcome to Exco Technology's fiscal 2025 third quarter conference call. I will start with an overview of our operations for the quarter, and then our CFO, Matthew Posno, will review the financial details. After our prepared remarks, we'll open the call for questions. Before we begin, let me remind everyone of the cautionary notes regarding forward-looking statements in our press release and on page two of our quarterly presentation. Those notes apply to our discussion today. Overall, this was clearly a challenging quarter for Exco as we faced multiple headwinds in our end markets. Automotive production volumes declined in both North America and Europe during the quarter, driven in part by tariff-led trade disruptions and macroeconomic uncertainty. In North America, industry analysts are forecasting roughly a 5% drop in vehicle output for calendar 2025, with European production expected to be down about 3%. Against this backdrop, EXCO sales softened modestly in the quarter with a mid-single-digit percentage decline in revenue. Our profitability was further pressured by a fall-off in die-cast sales, unfavorable product and vehicle mix in our auto solutions seg...