Brief: Finning Reports Q1 2022 Results

Finning International

09/05/2022 22:46

May 9 (Reuters) - Finning International Inc  FTT.TO :
    * FINNING REPORTS Q1 2022 RESULTS
    * Q1 EARNINGS PER SHARE C$0.59
    * Q1 2022 REVENUE OF $2.0 BILLION AND NET REVENUE OF $1.7
BILLION
WERE UP 22% AND 18%, RESPECTIVELY, FROM Q1 2021,
    * EXPECT HIGHER REVENUE AND HIGHER NEW EQUIPMENT MIX FOR
REMAINDER
OF YEAR COMPARED TO Q1 2022
    * EXPECT ABOVE MID-TEENS EPS GROWTH IN 2022 COMPARED TO 2021
    * RECEIVED APPROVAL FROM TSX TO RENEW NORMAL COURSE ISSUER
BID TO
PURCHASE FOR CANCELLATION UP TO 8 MILLION OF COMMON SHARES
    * QTRLY ADJUSTED EPS OF C$0.35 PER SHARE
    * Q1 EARNINGS PER SHARE VIEW C$0.50, REVENUE VIEW C$1.71
BILLION
-- REFINITIV IBES DATA
    * ALL FIGURES ARE IN CANADIAN DOLLARS
    * HAS APPROVED A 5% INCREASE IN QUARTERLY DIVIDEND TO $0.236
PER
SHARE FROM $0.225 PER SHARE, PAYABLE ON JUNE 9, 2022

Source text for Eikon:  ID:nGNX8kQg9n 
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