05:24 PM EST, 01/29/2025 (MT Newswires) -- Exco Technologies ( EXCOF ) after trade Wednesday said its fiscal first-quarter profit fell by a third on lower revenues as it cited "headwinds, particularly in the automotive sector".

For the first quarter ended December 31, the die-cast, extrusion, and auto-parts company reported a profit of $4.25 million, or $0.11 per share, down from $5.64 million, or $0.15, in the year-prior quarter.

Revenue fell 8.4% to $143.56 million from $156.71 million. It also posted EBITDA of $16.7 million compared to $18.1 million the prior year quarter.

"While our first quarter presented headwinds, particularly in the automotive sector due to production adjustments, we remain confident in our long-term strategy. The underlying demand for our products remains strong, supported by secular trends like the increasing use of aluminum in many industries and the growth of OEM vehicle accessories. We remain focused on operational efficiency, innovation, and leveraging our recent strategic investments to capitalize on these trends and drive growth consistent with our previously stated targets," chief executive Darren Kirk said in a statement.

Exco ( EXCOF ) declared a quarterly dividend of $0.105 per share paid on March 31 to shareholders of record on March 17.

Exco ( EXCOF ) shares closed down $0.16 to $7.11 on the Toronto Stock Exchange.