Core Insights - Finning International Inc. reported strong Q3 2025 results, with a revenue increase of 14% year-over-year, driven by robust demand in the mining and power systems sectors despite challenges in the construction market [3][7][12]. Financial Performance - Q3 2025 revenue reached CAD 2.84 billion, up from CAD 2.49 billion in Q3 2024, with product support revenues increasing by 9% and new equipment sales rising by 12% [5][7]. - Gross profit for Q3 2025 was CAD 616 million, reflecting a gross profit margin of 21.7%, down from 23.4% in the previous year [5][7]. - SG&A costs decreased by 6% to CAD 382 million, resulting in an SG&A margin improvement to 13.4% [5][7]. - EBIT for Q3 2025 was CAD 240 million, a 51% increase from CAD 160 million in Q3 2024, with an EBIT margin of 8.5% [5][7][8]. - EPS from continuing operations was CAD 1.17, up 33% from CAD 0.88 in Q3 2024 [7][8]. Operational Highlights - Product support revenue exceeded CAD 1.5 billion, and new equipment revenue set a quarterly record of over CAD 1 billion [4][7]. - Equipment backlog stood at CAD 2.9 billion as of September 30, 2025, indicating strong future demand [7]. - The company continues to focus on maximizing product support and enhancing return on invested capital [4][7]. Regional Performance - South America operations saw a 17% revenue increase, with new equipment sales up 23% driven by mining deliveries [15][21]. - Canada operations reported a 4% revenue increase, primarily from new equipment sales, while product support revenue decreased by 3% [24][25]. - UK & Ireland operations experienced a 4% revenue increase, with product support revenue stable despite lower construction sector demand [28][24]. Market Outlook - The company anticipates steady activity levels in the mining sector and continued demand in the power systems market, particularly in data centers [21][26]. - In South America, strong copper prices and capital deployment into large-scale projects are expected to drive growth [21][22]. - The outlook for Western Canada remains mixed but is improving, with potential for accelerated resource development [25][26].

Core Viewpoint - Alta Equipment Group Inc. will report its financial results for the third quarter of 2025 on November 6, 2025, after U.S. market close, followed by a conference call and webcast to discuss the results [1]. Group 1: Financial Reporting - The financial results for the third quarter ended September 30, 2025, will be announced after the market closes on November 6, 2025 [1]. - A conference call and webcast will take place on the same day at 5:00 p.m. Eastern Time to discuss the financial results and answer questions [1][2]. Group 2: Company Overview - Alta Equipment Group Inc. is a leading provider of premium material handling, construction, and environmental processing equipment, operating one of the largest integrated equipment dealership platforms in North America [3]. - The company has a branch network of over 80 locations across various states in the U.S. and Canadian provinces, offering a wide range of specialized equipment and services [3].

Core Points - Alta Equipment Group Inc. will report its financial results for the second quarter ended June 30, 2025, after U.S. markets close on August 7, 2025 [1] - A conference call and webcast will be held on the same day at 5:00 p.m. Eastern Time to discuss the financial results [2] Company Overview - Alta Equipment Group Inc. is a leading provider of premium material handling, construction, and environmental processing equipment and related services [1] - The company operates one of the largest integrated equipment dealership platforms in North America, with over 85 locations across various states and Canadian provinces [3] - Alta has been in operation for 41 years, offering a broad product portfolio that includes specialized equipment such as lift trucks, heavy and compact earthmoving equipment, and environmental processing equipment [3]

Core Viewpoint - Finning International Inc. has appointed David Primrose as the new Chief Financial Officer (CFO) following the departure of Greg Palaschuk, who is leaving for another opportunity in the financial services sector [1][2]. Company Leadership Transition - The appointment of David Primrose is part of the company's succession planning process [2]. - Greg Palaschuk will remain with the company until July 31, 2025, in an advisory role to ensure a smooth transition [2]. - Kevin Parkes, President and CEO, acknowledged Greg's positive impact and contributions during his tenure as CFO [3]. David Primrose's Background - David Primrose has held various senior management roles at Finning over his 36-year career, including President of Finning Canada and Managing Director for Finning UK and Ireland [4][5]. - He is a Chartered Professional Accountant and is expected to drive the execution of the company's strategy and financial results [4][5]. Company Overview - Finning is the world's largest Caterpillar dealer, providing equipment, parts, services, and performance solutions across multiple regions including Western Canada, Chile, Argentina, Bolivia, the UK, and Ireland [6].

Financial Performance - Q4 2024 - Total revenue decreased by $23.4 million, a 4.5% decline, reaching $498.1 million compared to $521.5 million in Q4 2023 [12, 26] - Adjusted EBITDA decreased by 18.1% to $40.7 million, down from $49.7 million in Q4 2023 [26] - GAAP income from operations was $2.4 million, a decrease from $12.2 million in Q4 2023 [26] Financial Performance - Full Year 2024 - Revenue remained effectively flat at $1,876.6 million, compared to $1,876.8 million in 2023 [15] - Adjusted EBITDA decreased by 12.1%, or $23.1 million, to $168.3 million from $191.4 million in 2023 [16] - Income from Operations decreased $35.8 million, from $54.4 million year ended 2023 to $18.6 million in 2024 [15] Segment Performance - Q4 2024 - Construction segment revenue decreased by $9.5 million, a 2.9% decline, to $318.6 million [30] - Material Handling segment revenue decreased by $10.4 million, a 5.8% decline, to $168.6 million [30] - Master Distribution revenue was $11.5 million, a decrease from $17.6 million in Q4 2023 [30] Rental Fleet - Total rental fleet decreased by $29.6 million, ending at $571.2 million compared to $600.8 million in 2023 [42] - Rent-to-Rent fleet increased by $25.7 million to $224.2 million [42] - Rent-to-Sell fleet decreased by $55.3 million to $347.0 million [42] 2025 Outlook - Adjusted EBITDA is projected to be between $175.0 million and $190.0 million [67] - Organic revenue decreased by 3.5% compared to 2023 [36, 60]