Q3 2023 Exco Technologies Limited Earnings Call
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This concludes minds, we can now translate transition to the Q&A portion of the call Gigi. Thank you.
Thank you as a reminder to ask a question. Please press star one one on your telephone and wait for your name to be announced to withdraw. Your question. Please press star one one again please.
Standby, while we compile the Q&A roster.
Our first question comes from the line of David Ocampo from core Mark.
Thanks, Good morning, everyone.
Good morning, David.
You guys called out a pretty good line of sight of hitting that $400 million target that you laid out before in the automotive solutions group based on your backlog.
David can you start off.
You sounded.
Sounding a bit odd there.
Is this better.
Yeah try again I'm sorry, yes.
Yes.
So you guys called out a pretty good line of sight of hitting your $400 million Torrey.
Targeting the automotive solutions group, so that's pretty encouraging there.
How should we be thinking about your path to hitting $350 million in casting and extrusion just given your positive commentary on demand fraction large mold and all the investments that you guys have been making yeah, David It's Darren I Couldnt quite make everything that you said, but I believe you were talking about our path to <unk>.
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$350 million of top line growth in the casting and extrusion segment.
I think we feel pretty good overall about our prospects of achieving our 2026 targets in.
In both segments in fact that the revenue run rate.
Annualized this quarter is about $660 million.
If anything we're on pace to.
Surpass that 750 Mark.
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I think you also called out the automotive solutions segment is tracking pretty well, which is true on the margin line and clearly.
The big opportunity we have is that.
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With plumbing.
Yes.
So much disruption and new processes and new products.
All of these things that new plants that we're working on right now that are having a suppressing impact on that margin.
As these new products and processes get more developed.
Youll see the hours of these jobs comment come down and we should see that margin start to head back up and I'm not going to give you a timeframe, but we feel we still feel very good about our fiscal 2020 target overall.
No. That's very helpful commentary and I know, it's always hard to isolate one time integration costs with your new equipment and new operations.
You guys have a sense on how much of that is negatively impacting.
The margins in both groups are at 100 to 100 to 200 basis points are.
Any range would be helpful for us.
I apologize, David I really just could not make out the.
The message there the phone line here is a bit garbled. Unfortunately, I've never had this before David.
We could take it offline I mean.
When you guys are speaking back cause it's muffled a bit here too as well.
Okay.
Well.
Corresponding with Gigi and she's seeing theres some on us.
The signal, but that's never happened before we're happy to take it offline David.
Anytime.
And for any of that.
I'll hop off the call and.
I will try to conduct options.
Okay. Thanks, David.
Our apologies to the other participants.
I can see many of you who are on an.
Please feel free to reach out to us so all I can say.
So JJ maybe.
Someone else ask the question if not maybe we'll just end the call early.
As a reminder to ask a question. Please press star one one on your telephone and wait for your name to be announced to withdraw. Your question. Please press star one one again.
At this time I would now like to turn the conference back over to Darin Kirk for closing remarks, okay, well. Thanks, Gigi I appreciate everyone's time and interest today, we look forward to updating you again once we released our Q4 results.
Take care.
This concludes today's conference call. Thank you for participating you may now disconnect.
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