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Finning International (TSE:FTT)
TSX:FTT
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.87Last Year’s EPS
0.84Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 22.77%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
Finning International demonstrated robust growth and strategic execution in 2024, achieving record revenues and strong performance in South America and the Power Systems segment. However, challenges remain in the Canadian market and the rental business, with softness in construction affecting earnings. The sentiment is overall positive due to the significant achievements and growth in key areas.Company Guidance
During Finning International Inc.'s Fourth Quarter 2024 Investor Call, substantial guidance was provided. The company achieved a 6% growth in net revenues, reaching $10.1 billion, with product support revenue hitting a record $5.5 billion. New equipment sales grew by over 10%, while used equipment sales surged nearly 30%. The backlog increased by over $550 million, indicating strong market diversity. Product support revenues in Q4 2024 saw a 6% rise from the previous year, with South America contributing an 8% increase, excluding currency impacts. The company added nearly 350 net new technicians, primarily in South America. SG&A as a percentage of net revenue dropped to 16.3%, and free cash flow for the year was $865 million. Earnings per share adjusted to $3.80, with Q4 2024 adjusted EPS reaching $1.02, reflecting a 7% increase from Q4 2023. Finning International continues to focus on strategic priorities, including sustainable growth in used equipment and power systems, with a notable 70% increase in the Power Systems backlog. The company plans to retain a strong focus on managing working capital and cost efficiencies across regions, aiming to maximize product support and enhance the U.S. rental and power businesses in 2025.Record Net Revenue Growth
Finning International achieved a milestone by growing net revenues by 6% over 2023, reaching $10.1 billion, with product support revenue hitting a record high of $5.5 billion.
Strong Equipment Sales
Strong new equipment sales grew over 10%, and used equipment sales increased by nearly 30%. The backlog also grew by over $550 million.
Improvements in South America
South America saw an 8% year-over-year increase in product support revenue in Q4 2024, excluding currency impacts, with nearly 350 net new technicians added during the year.
SG&A Cost Management
SG&A as a percentage of net revenue was reduced to 16.3%, a new low level, demonstrating continued focus on cost management.
Free Cash Flow and Earnings
Delivered significant free cash flow of $865 million and $3.80 of adjusted earnings per share.
Power Systems Growth
Power Systems revenues were up 14% year-over-year, with a 70% increase in the backlog to approximately $860 million.
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TSE:FTT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:FTT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | C$36.54 | C$41.16 | +12.64% |
| Nov 12, 2024 | C$41.41 | C$37.64 | -9.10% |
| Aug 06, 2024 | C$36.46 | C$35.29 | -3.21% |
| May 06, 2024 | C$39.99 | C$41.37 | +3.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Finning International (TSE:FTT) report earnings?
Finning International (TSE:FTT) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Finning International (TSE:FTT) earnings time?
Finning International (TSE:FTT) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:FTT EPS forecast?
TSE:FTT EPS forecast for the fiscal quarter 2025 (Q1) is 0.87.
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