Canada's Finning Q1 revenue rises on Canada sales growth

Finning International

12/05/2026 22:11

Overview

Canada Caterpillar dealer's Q1 revenue up 2%, slight miss to analyst expectations

Adjusted EPS for Q1 rose 7% yr/yr, beating analyst expectations

Company raised quarterly dividend by 7.4% and renewed share repurchase program

Outlook

Finning expects strong mining and steady power & energy activity in Western Canada

Company sees near-term moderation in South America product support as customers adjust mine plans

Finning expects UK construction demand to remain soft but sees strong quoting in power & energy

Result Drivers

CANADA PERFORMANCE - Revenue in Canada rose 14% on strong new equipment sales, higher rental revenue, and increased demand from mining customers, per co

PRODUCT SUPPORT GROWTH - Co said product support revenue rose 6% year-over-year, with double-digit growth in Canada and growth across all market sectors

EQUIPMENT BACKLOG - Equipment backlog reached a record C$3.8 bln, driven by order intake outpacing deliveries, especially in mining and construction

Company press release: ID:nGNXkY1HW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
C$2.50 bln
C$2.52 bln (9 Analysts)
Q1 Adjusted EPS
Beat
C$1.02
C$1.01 (9 Analysts)
Q1 EPS
C$0.93
Q1 EBIT
C$188 mln
Q1 Free Cash Flow
-C$310 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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$104.00, about 6.6% above its May 11 closing price of C$97.58

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

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.)