Canada's Finning International Q4 revenue beats estimates

Finning International

10/02/2026 23:03

Overview

Canada Caterpillar dealer's Q4 revenue rose 6%, beating analyst expectations

Adjusted EPS of C$1.00 missed analyst estimates

Company repurchased 5.3 mln shares, about 3.9% of public float

Outlook

Finning expects 2026 net capital and rental fleet expenditures to exceed C$350 mln

Company anticipates growth in South America driven by strong copper demand

Finning sees potential acceleration in resource development in Western Canada

Result Drivers

PRODUCT SUPPORT GROWTH - Product support revenue increased 8% due to strong mining activity, marking the 7th consecutive quarter of growth

NEW EQUIPMENT SALES - New equipment sales rose 9% to C$1.0 billion, with a record equipment backlog of C$3.1 billion

SG&A IMPACT - SG&A margin was affected by C$21 million LTIP expense due to strong share price performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$2.69 bln
C$2.61 bln (9 Analysts)
Q4 Adjusted EPS
Miss
C$1
C$1.06 (9 Analysts)
Q4 EPS
C$0.88
Q4 EBIT
C$187 mln
Q4 Free Cash Flow
C$642 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for Finning International Inc is C$92.00, about 2.7% above its February 10 closing price of C$89.62

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNX80BtV8

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)