Finning International reports third-quarter profit and revenue up from year ago

Must Read

Northern Health Region sees three new cases of COVID-19

VICTORIA, B.C. - Three new cases of COVID-19 were confirmed on Wednesday, bringing the total in the Northern Health...

Ball Game fundraiser this weekend in support of Natalie Small

FORT ST. JOHN, B.C. - This weekend, October 3 and 4, the Mixed Slowpitch team, the Bombers, will be holding...

Indigenous Resource Network to help Indigenous Peoples connect with oil and gas industry

FORT ST. JOHN, B.C. - In early September, the Indigenous Resource Network was formally launched in Fort St. John. To...

VANCOUVER — Finning International Inc. says it earned $52 million in its latest quarter, up from $36 million a year ago, as revenue improved 16 per cent.

The heavy equipment dealer (TSX:FTT) says the profit amounted to 31 cents per share, up from 22 cents per share in the same quarter last year.

Revenue totalled $1.55 billion, up from $1.33 billion a year ago, boosted by gains across all of its regions and lines of business.

- Advertisement -

The company says new equipment sales were up 25 per cent, while product support revenues grew by 13 per cent.

On an adjusted basis, Finning says it earned $59 million or 35 cents per share, up from $36 million or 22 cents per share last year.

Finning is the world’s largest Caterpillar equipment dealer with operations in Canada, Chile, Argentina, Bolivia, the United Kingdom and Ireland.

The Canadian Press

- Advertisement -

Community Interviews with Moose FM


Subscribe to our newsletter

Get the latest news delivered to your mailbox every morning.

More Articles Like This