Exco Technologies Limited revised earnings guidance for the fiscal year 2026. In late fiscal 2021, the company announced it was targeting a compounded average annual growth rate (excluding acquisitions) of approximately 10% for revenues and slightly higher levels and Net Income through fiscal 2026, which was anticipated to produce approximately $750 million in annual Revenue and an annual EPS of roughly $1.90 by the end of this timeframe. The company has made significant progress towards achieving these targets since they were announced and continues to believe its revenue targets remain obtainable.

However, the company revised its EPS target lower ? to approximately $1.50 ? to reflect the significant rise in interest rates as well as elevated levels of depreciation due to higher than planned capital expenditures associated with future growth initiatives.