Caterpillar dealer Finning Q3 revenue beats estimates on strong mining sector activity

Finning International

11/11/2025 22:15

Nov 11 (Reuters) -
Overview

Finning International Inc Q3 2025 revenue grows 14% yr/yr, beating analyst expectations

EPS from continuing operations up 33% from Q3 2024

Company repurchased 1.2 mln shares, about 0.9% of public float

Outlook

Finning expects strong demand for copper and mining equipment in Chile

Company sees mixed outlook for Western Canada, with potential resource development

Finning anticipates stable product support business in UK & Ireland despite low GDP growth

Result Drivers

MINING SECTOR - Product support revenues increased 9% due to strong mining sector activity

NEW EQUIPMENT SALES - New equipment sales rose 12% to over $1.0 bln, driven by strong power systems deliveries

COST CONTROL - SG&A margin decreased by 290 basis points due to higher revenues and cost control measures

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
C$2.84 bln
C$2.59 bln (8 Analysts)
Q3 Adjusted EPS
C$1.17


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$71.00, about 4.6% below its November 10 closing price of C$74.25

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX887ClD

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(Reporting by Aby Jose Koilparambil in Bengaluru)

((abyjose.koilparambil@thomsonreuters.com; +917483275231;))