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Finning International (TSE:FTT)
TSX:FTT
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.12Last Year’s EPS
1.02Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: 16.16%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth, increased backlog, and significant free cash flow generation, indicating a positive financial position. However, challenges such as declining used equipment sales and anticipated labor cost increases in South America present potential hurdles. The sentiment is balanced with notable achievements and some concerning challenges.Company Guidance
During the Finning International Incorporated First Quarter 2025 Investor Call, the company reported a 7% year-over-year increase in net revenue, reaching $2.5 billion. The strong performance was driven by a 7% growth in new equipment sales and an 11% increase in product support revenue. The backlog grew by $240 million from year-end 2024, with order intake remaining robust across all regions, particularly in Canada. The company also achieved a 10% year-over-year growth in Canadian product support revenue, with mining activity playing a significant role. SG&A as a percentage of net revenue decreased by 50 basis points to 16.4%. Additionally, Finning generated $135 million in free cash flow and announced a 10% increase in dividends. The power systems backlog saw a 50% increase, reaching over $900 million. Despite a decrease in used equipment revenue, margins stabilized, and rental store revenue grew by 15% in Canada. Finning is committed to executing its resilience strategy and plans to focus on growth opportunities in product support, power generation, and rental, while also investing in technology and digital capabilities. Furthermore, Finning announced the sale of 4Refuel for $450 million, which is expected to optimize invested capital and improve SG&A costs.Strong Revenue Growth
Net revenue grew by 7% from Q1 2024 to $2.5 billion, led by strong growth in product support revenue and new equipment sales.
Increased Backlog
Backlog increased by $240 million from year-end 2024, reaching a new record at $2.8 billion, up 45% from March 2024.
Dividend Growth
Continued dividend growth with a 10% increase, marking the 24th consecutive annual increase for Finning.
Free Cash Flow Generation
Generated $135 million in free cash flow in Q1, a significant improvement from a use of cash of $210 million in Q1 of last year.
Sale of 4Refuel
Agreement to sell 4Refuel for $450 million, expected to be accretive to earnings per share and advance strategic objectives.
Adjusted EPS Record
Adjusted EPS of $0.90 was a record for the first quarter, up 18% from Q1 2024.
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
TSE:FTT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | C$42.46 | C$48.31 | +13.78% |
Feb 04, 2025 | C$36.32 | C$40.91 | +12.64% |
Nov 12, 2024 | C$41.16 | C$37.41 | -9.11% |
Aug 06, 2024 | C$36.24 | C$35.08 | -3.20% |
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.
FAQ
When does Finning International (TSE:FTT) report earnings?
Finning International (TSE:FTT) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Finning International (TSE:FTT) earnings time?
Finning International (TSE:FTT) earnings time is at Aug 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 (Q2) is 1.12.