Exco Technologies Limited (OTCPK:EXCOF) Q4 2024 Earnings Conference Call November 28, 2024 10:00 AM ET
Company Participants
Darren Kirk – President and Chief Executive Officer
Matthew Posno – Chief Financial Officer
Conference Call Participants
Nick Corcoran – Acumen Capital
Adam Schneider – Cormark Securities
Operator
Good day and thank you for standing by. Welcome to the Exco Technologies Limited Fourth Quarter Results 2024 Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be the question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to our speaker today, Darren Kirk, President and Chief Executive Officer. Please go ahead.
Darren Kirk
Thank you, Nadia, and good morning all participants. Welcome to Exco Technologies fiscal 2024 fourth quarter and year-end conference call. I will begin with an operations overview, after which our CFO, Matthew Posno, will review the financial aspects of the quarter before we open up the call for questions.
Before we proceed, I’d like to highlight the cautionary notes included in yesterday’s news release and on Page 2 of the presentation available on our website. These notes apply to today’s discussion.
Overall, I would describe the quarter as decent, though we face anticipated headwinds from lower automotive production volumes. I was pleased to see the sustained improvement in EBITDA margins in our Casting and Extrusion segment holding steady at around 18%.
This segment margin continues to have more upside potential from our recent investment initiatives as we continue to focus on filling new capacities, enhancing efficiencies and advancing towards our fiscal 2026 targets.
Our free cash flow focus was also evident this quarter, which remains strong bringing our total free cash flow for the year to $54 million representing a robust 66% conversion
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