Exco Technologies Limited - Third Quarter ended June 30, 2007 Quarterly Dividend Declared

    TORONTO, July 25 /CNW/ - Exco Technologies Limited (TSX-XTC) today
announced results for its third quarter ended June 30, 2007. In addition, the
Company announced that a quarterly cash dividend of $0.015 per share will be
paid September 28, 2007 to shareholders of record on September 14, 2007. The
dividend is an "eligible dividend" in the accordance with Section 89(14) of
the Income Tax Act of Canada.

    <<
    -------------------------------------------------------------------------
                                    9 Months Ended          3 Months ended
                                        June 30                 June 30
                                       ($000s, except per share amounts)
                                    2007        2006        2007        2006
                                    ----        ----        ----        ----
    Sales                       $159,052    $156,896     $54,919     $52,739
    Net income (loss)
     before taxes                 $7,507       ($714)     $3,091      $2,980
    Net income (loss)             $5,135     ($3,757)     $2,168      $1,607
    Basic and diluted earnings
     (loss) per share              $0.12      ($0.09)      $0.05       $0.04
    Common shares
     outstanding              41,448,000  41,606,000  41,448,000  41,606,000
    -------------------------------------------------------------------------
    >>


    Exco Technologies Limited recorded net income of $2.2 million, or 5 cents
per share, on revenues of $54.9 million. In the same quarter last year, the
Company recorded net profit of $1.6 million, or 4 cents per share, on revenue
of $52.7 million. The improvement in net income is primarily attributable to
strong earnings at Polydesign which has now ramped up the Honda Civic and CRV
seat cover and headrest programs to full production levels and significantly
reduced losses at Techmire commensurate with improving sales and a lower cost
structure than last year.
    Recently, the Company announced the award of major engine block and
transmission case mould programs for Chrysler, Ford and one new American OEM
totalling, in the aggregate, approximately $75 million in sales over five
years. Since then Exco has been awarded further I-4 engine block programs for
Hyundai. The Company expects to secure additional programs in the next
quarter.
    "We are pleased with our success in securing this powertrain mould
business. Not only will it allow our large mould plants to operate at higher
capacity for several years to come, but it diversifies our customer base and
validates our leading edge capabilities in the design and manufacture of
powertrain systems," said Brian Robbins, President and CEO of Exco
Technologies Limited. "We feel this business will have a major impact on
improving the Company's margins next year without significant capital
expenditures."
    The extrusion die and Castool businesses continue to grow sales and gain
market share in the Americas as industrial markets, particularly in the US,
demonstrate strong resiliency. In the quarter, Polytech has launched a
$2 million per annum program for the Saturn Vue and has been awarded
additional programs launching next year. The move to its recently purchased
larger production facility will allow for more production and a lower cost
structure. Neocon has, in the quarter, successfully launched its first Toyota
OEM program for the Highlander and is expected to launch a variety of new
programs over the next several quarters.
    (for further information please refer to the Company's Third Quarter
Interim Financial Statements in the Investor Relations section posted at
www.excocorp.com. Alternatively, please refer to www.sedar.com after July 25,
2007.)

    Exco Technologies Limited is a global supplier of innovative technologies
servicing the die-cast, extrusion and automotive industries. Through our
13 strategic locations, we employ 2,200 people and service a diverse and broad
customer base.

    Management will hold a conference call to discuss the third quarter
results on Thursday July 26, 2007 at 11:00 am (EST). The local dial in number
for the call is (416) 644-3420 or toll free 1-800-732-1073. To access the live
audio webcast, please log on to www.excocorp.com or www.q1234.com a few
minutes before the event. Real Player is required for access. For those unable
to participate on July 26, 2007, an archived version will be available on the
Exco website.

    This news release contains forward-looking information and
forward-looking statements within the meaning of applicable securities laws.
We use words such as "anticipate", "plan", "may", "will", "should", "expect",
"believe", "estimate" and similar expressions to identify forward-looking
information and statements. Such forward-looking information and statements
are based on assumptions and analyses made by us in light of our experience
and our perception of historical trends, current conditions and expected
future developments, as well as other factors we believe to be relevant and
appropriate in the circumstances. Readers are cautioned not to place undue
reliance on forward-looking information and statements, as there can be no
assurance that the assumptions, plans, intentions or expectations upon which
such statements are based will occur. Forward-looking information and
statements are subject to known and unknown risks, uncertainties, assumptions
and other factors which may cause actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed, implied or anticipated by such information and
statements. These risks, uncertainties and assumptions include, among other
things: industry cyclicality; global economic conditions, causing decreases in
automobile production volumes and demand for capital goods; changing demand
for specific models or products; price reduction pressures; pressure to absorb
certain fixed costs; dependence on major customers and changes in such
customers' financial capabilities; technological changes; compliance with
various laws; obtaining necessary permits and consents; fluctuations in
currency exchange and interest rates; employee work stoppages; dependence on
key employees; the competitive nature of the automotive and capital goods
industries, including competition with suppliers operating in low cost
countries; product supply and demand; the conduct of business in foreign
countries; and other risks, uncertainties and assumptions as described in the
Company's Management's Discussion and Analysis included in our 2006 Annual
Report, in our 2006 Annual Information Form and, from time to time, in other
reports and filings made by the Company with securities regulatory
authorities.
    While the Company believes that the expectations expressed by such
forward-looking information and statements are reasonable, there can be no
assurance that such expectations and assumptions will prove to be correct. In
evaluating forward-looking information and statements, readers should
carefully consider the various factors which could cause actual results or
events to differ materially from those indicated in the forward-looking
information and statements. Readers are cautioned that the foregoing list of
important factors is not exhaustive. Furthermore, the Company disclaims any
obligations to update publicly or otherwise revise any such factors or any of
the forward-looking information or statements contained herein to reflect
subsequent information, events or developments, changes in risk factors or
otherwise.

    %SEDAR: 00003420E


      
For further information: Paul Riganelli, Vice-President, Finance and
Chief Financial Officer, Telephone: (905) 477-3065, Website:
http://www.excocorp.com
      

 

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