Exco Technologies Ltd 2010 AR2
The report highlights Exco Technologies Limited's financial and operational recovery during the fiscal year 2010. Following a difficult period in 2009, the company achieved consolidated sales of $165.5 million, representing a 15% increase, and rebounded to a net income of $10.1 million. This turnaround was driven by a lower cost structure, right-sizing operations, and a resurgence in the North American automotive industry. Exco continued its strategy of shifting production to low-cost jurisdictions, closing its Aludie facility, and expanding its presence in Mexico and Morocco. The company maintained a strong balance sheet with no bank debt and cash on hand of $20.2 million.
Company: Exco Technologies Ltd
Sector: Industrials
Country: Canada
Year: 2010
Type: AR2
Pages: 58
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Exco Technologies Ltd
Annual Report
The report highlights Exco Technologies Limited's financial and operational recovery during the fiscal year 2010. Following a difficult period in 2009, the company achieved consolidated sales of $165.5 million, representing a 15% increase, and rebounded to a net income of $10.1 million. This turnaround was driven by a lower cost structure, right-sizing operations, and a resurgence in the North American automotive industry. Exco continued its strategy of shifting production to low-cost jurisdictions, closing its Aludie facility, and expanding its presence in Mexico and Morocco. The company maintained a strong balance sheet with no bank debt and cash on hand of $20.2 million.
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Document Details
Report Year
2010
Reporting Period
Oct 1, 2009 - Sep 30, 2010
Fiscal Year
2010
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available