Core Insights - Finning International Inc. reported strong Q3 2025 results, with revenue growth across all regions and sectors, particularly in mining and power systems [1][5][10] Financial Performance - Q3 2025 revenue reached CAD 2.842 billion, a 14% increase from CAD 2.489 billion in Q3 2024, driven by strong demand in mining and power systems [4][5] - New equipment sales increased by 12% to CAD 1.046 billion, while used equipment sales surged by 122% to CAD 199 million [4][5] - Product support revenue grew by 9% to CAD 1.517 billion, reflecting robust mining sector activity [5][10] - Gross profit for Q3 2025 was CAD 616 million, with a gross profit margin of 21.7%, down from 23.4% in Q3 2024 [4][5] - EBIT increased by 51% to CAD 240 million, with an EBIT margin of 8.5%, up from 6.4% in Q3 2024 [4][5][6] - Adjusted EPS from continuing operations was CAD 1.17, a 33% increase from CAD 0.88 in Q3 2024 [5][6] Operational Highlights - Product support continued to show steady growth, exceeding CAD 1.5 billion in Q3 2025 [3][5] - The company maintained an invested capital turnover of 2.3 times, consistent with the previous quarter [3][8] - SG&A costs decreased by 6% to CAD 382 million, reflecting cost control measures and restructuring savings [4][5] Regional Performance - South America saw a 17% revenue increase, with new equipment sales up 23% driven by mining deliveries [13] - Canada operations reported a 13% revenue increase, with used equipment sales up 105% [13] - UK & Ireland operations experienced a 4% revenue increase, primarily from new equipment sales [13] Market Outlook - The company anticipates steady demand in the mining sector, supported by strong copper prices and capital investments in Chile [16][20] - In Canada, the outlook is mixed but improving, with potential for increased resource development and infrastructure projects [19][20] - The UK market is expected to remain soft, but power systems demand is projected to grow, particularly in data centers [22] Shareholder Returns - The Board of Directors approved a quarterly dividend of CAD 0.3025 per share, payable on December 11, 2025 [23] - In Q3 2025, the company repurchased 1.2 million shares at an average cost of CAD 59.45 per share [23]

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 - Finning International Inc. is set to report its Q3 2025 results on November 11, 2025, with an investor call scheduled for November 12, 2025, at 10:00 AM Eastern Time [1] Group 1: Company Overview - Finning is the world's largest Caterpillar dealer, providing services for over 90 years [2] - The company is headquartered in Surrey, British Columbia, and operates in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland [2] Group 2: Investor Communication - The investor call can be accessed via a toll-free number for Canada and the US, as well as an international toll number [1] - The call will be webcast live and archived for three months, with access available through the company's website [1]

Financial Performance - SGH's revenue increased by 1% to $10744 million[12] - EBIT increased by 8% to $1537 million[12] - NPAT increased by 9% to $924 million[12] - Operating cash flow increased significantly by 49% to $1951 million[12] - The company's final dividend increased by 17% to 62cps[22] Business Unit Performance - WesTrac's revenue increased by 4% to $6100 million[39] - Boral's revenue increased by 1% to $3603 million, with EBIT up by 26% to $468 million[57] - Coates' revenue decreased by 9% to $1041 million[76] - Beach Energy's revenue increased by 13% to $1997 million, with production up by 9% to 197 million barrels of oil equivalent (mmboe)[93] Safety and Sustainability - Lost Time Injury Frequency Rate (LTIFR) and Total Recordable Injury Frequency Rate (TRIFR) improved by 38% and 31% respectively[35] Capital Management - Adjusted Net Debt to EBITDA (Leverage) decreased by 10% year-over-year, falling below 2x[22]

Core Insights - Finning International Inc. reported solid Q2 2025 results, with a revenue of $2.6 billion, consistent with the previous year, and a 5% increase in product support revenue [7][4][3] - The company achieved a record equipment backlog of $3 billion, reflecting a 6% increase from the previous quarter, driven by large mining equipment orders in Canada [7][4] - The sale of 4Refuel and ComTech was completed ahead of schedule, allowing the company to focus on core dealership operations and improve return on invested capital [4][32] Financial Performance - Q2 2025 revenue was $2,609 million, with product support revenue at $1,469 million, up 5% from Q2 2024 [8][6] - New equipment sales were nearly $1 billion, while used equipment sales decreased by 43% to $83 million [6][8] - Adjusted EBIT for Q2 2025 was $215 million, with an adjusted EBIT margin of 8.3%, down from 8.5% in Q2 2024 [7][8] Operational Highlights - The SG&A margin was 15.5%, reflecting strong cost and capital discipline, despite a $16 million increase in long-term incentive plan compensation expenses due to a 44% share price increase [7][8] - Free cash flow from continuing operations was a use of $164 million, primarily due to higher inventory levels [7][8] - The company is focused on maximizing product support and driving full-cycle resilience to improve return on invested capital [5][4] Regional Performance - In South America, revenue increased by 5%, driven by strong mining deliveries in Chile, while EBIT margin was 10.1%, down 30 basis points [16][23] - Canada operations showed mixed outlooks, with expectations for infrastructure development supporting construction sector activity [28][29] - UK & Ireland operations are expected to remain soft due to low GDP growth, but demand for power systems is strong [31][30] Strategic Developments - The company appointed Rob Atkinson to the Board of Directors, bringing over 30 years of leadership experience in the global mining industry [19][20] - Finning is focused on streamlining operations and achieving annual SG&A savings of over $20 million through organizational changes [35][34] - The company plans to invest strategically in core dealership operations to support future growth opportunities [36][34]

Group 1 - Finning International Inc. will report Q2 2025 results on August 5, 2025, after market close [1] - The investor call is scheduled for August 6, 2025, at 10:00 AM Eastern Time [1] - The investor call will be accessible via a toll-free number for Canada and the US, as well as an international toll number [1] Group 2 - Finning is the world's largest Caterpillar dealer, providing services for over 90 years [2] - The company is headquartered in Surrey, British Columbia, and operates in multiple regions including Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland [2]

Company Overview - Finning International Inc. is the world's largest Caterpillar dealer, providing equipment, parts, services, and performance solutions for over 90 years [2] Upcoming Financial Results - Finning will report its Q2 2025 results on August 5, 2025, after market close [1] - An investor call is scheduled for August 6, 2025, at 10:00 AM Eastern Time [1] - The investor call will be accessible via a toll-free number for Canada and the US, as well as an international toll number, and will be webcast live with an archive available for three months [1]

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].

Core Insights - Finning International Inc. released its 2024 Sustainability Report, showcasing progress in sustainability performance and objectives [1][2] - The company aims for a 40% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2027 from a 2017 baseline and is currently on track to meet this target [4][6] Sustainability Performance - In 2024, Finning increased safety-related critical control verifications by 27% compared to 2023 [2] - The company reported a 30% reduction in absolute Scope 1 and Scope 2 GHG emissions from the 2017 baseline [6] - 64% of graduates from the Semillero technician trainee program in Chile were women, promoting gender equity in the mining industry [6] - Finning procured $32.8 million from Indigenous-owned businesses in Canada [6] - The company remanufactured 14,820 components to like-new condition, reducing waste and resource use [6] - 56% of non-hazardous waste was diverted from landfills [6] Strategic Initiatives - Finning is focusing on advancing diversity and inclusion, as well as supporting customers with exceptional product support and technology solutions [2] - The company is encouraged by the increased demand for technologies such as battery energy storage systems and dynamic gas blending to assist customers in their energy transitions [2]

Core Insights - Finning International Inc. reported strong financial results for Q1 2025, with net revenue of CAD 2.5 billion, up 7% year-over-year, driven by a 7% increase in new equipment revenue and an 11% increase in product support revenue [6][11] - The company generated CAD 135 million in free cash flow, a significant improvement from a cash use of CAD 210 million in Q1 2024, reflecting higher inventory turns and reduced working capital [6][11] - Finning's backlog reached an all-time high of CAD 2.8 billion, up 9% from the previous quarter, primarily due to large mining equipment orders in Canada [6][11] Financial Performance - Q1 2025 revenue was CAD 2.8 billion, with a gross profit of CAD 624 million, representing a gross profit margin of 24.9% [6][7] - Adjusted EPS for Q1 2025 was CAD 0.99, an 18% increase compared to Q1 2024, while reported EPS was CAD 0.77, which included a CAD 0.22 impairment loss related to non-core assets [6][7] - Adjusted EBIT for Q1 2025 was CAD 213 million, up 6% from the previous year, with an adjusted EBIT margin of 8.5% [6][7] Operational Highlights - The company experienced double-digit growth in product support, with a 5% increase in product support revenue over the last twelve months [3][4] - Significant business was won with data center customers in the UK and Ireland, as well as mining customers in Canada, contributing to the strong backlog [4][11] - The company announced a 10% increase in its quarterly dividend, marking the 24th consecutive year of dividend growth [4][11] Regional Performance - South America operations saw a 17% increase in net revenue, driven by new equipment deliveries and strong product support growth in the mining segment [16] - Canada operations reported a decrease in net revenue by 8%, primarily due to lower new equipment sales in power systems, but product support revenue increased by 4% [16] - UK & Ireland operations faced soft demand in the construction sector, but strong activity in power systems and product support helped maintain resilience [32] Corporate Developments - Finning entered into agreements to sell 4Refuel for an implied transaction value of up to CAD 450 million and Compression Technology Corporation for CAD 40 million [6][11] - The proceeds from these transactions are expected to be used for share repurchases, debt repayment, and general corporate purposes [33] - The company has received approval to renew its normal course issuer bid to purchase up to 13.3 million common shares, representing 9.9% of the public float [17][18]