05:28 PM EST, 11/27/2024 (MT Newswires) -- Exco Technologies ( EXCOF ) after trade Wednesday said its fiscal fourth-quarter profit fell on weaker sales.

The auto parts and casting company said it earned $7.7 million, or $0.20 per share, down from $9.2 million, or $0.24, in the same quarter last year.

Sales for the quarter ended Sept. 30 fell 3% to $155.4 million from $160.2 million in the year-ago quarter. Sales in the Automotive Solutions segment fell 10% to $79.2 million from the prior year quarter while the Casting and Extrusion segment sales rose to $76.3 million from $72.6 million last year.

The company said it expects to generate about $750 million in annual revenue, $120 million in annual earnings before interest, taxes, depreciation, and amortization, and annual earnings per share of roughly $1.50 by the end of fiscal 2026.

"Despite current macro-economic challenges, including slightly increasing levels of unemployment, relatively high interest rates, persistent inflation, policy shifts which may occur related to the US election, the overall outlook is favorable across Exco's ( EXCOF ) segments into the medium term," it added.

The company also declared a quarterly dividend of $0.105 per share to be paid on Dec. 31 to shareholders of record on Dec. 17.

Exco ( EXCOF ) shares closed up $0.03 to $8.55 on the Toronto Stock Exchange.