Exco Technologies Limited (XTC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

CFO Matthew Posno for a more detailed review of the financial results. After our prepared remarks, we'll open the line for your questions. Before we start, I'd remind listeners that our discussion today will include forward-looking statements. These statements are subject to various risks and uncertainties, and actual results may differ. Please refer to the cautionary language in our Q4 press release an MD&A and annual report, all of which will be available on our website and on Cedar Plus. Fiscal 2025 was a year that tested the resilience of our business model, and I'm pleased with how the organization responded. For the full year, we generated approximately $615 million of revenue, nearly $70 million of EBITDA, and $0.63 of earnings per share. Free cash flow remained a clear highlight at roughly $41 million, which we used to fund growth and strengthen our balance sheet. We invested about $16 million in growth capital expenditures, returned approximately $20 million to shareholders through dividends and share repurchases, and reduced net debt to about $67 million. These results capture the essence of our fiscal 2025 theme, Resilient by Design. a reflection of how our diversified product portfolio, geographic footprint, and operating model allow us to navigate a difficult environment and still create value. Let me briefly touch on our performance of the two segments. In auto solutions, fourth quarter sales were down about 2% year over year. The decline primarily reflects customer-driven launch delays and an unfavorable vehicle mix, including lower U.S. imports of certain foreign-built vehicles where we have meaningful accessory content. Industry conditions remain challenging. Tariff uncertainty, shifting regulations, and consumer affordability pressures continue to w...