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 ( FINGF ) expects strong demand for copper and mining equipment in Chile
* Company sees mixed outlook for Western Canada, with potential resource development
* Finning ( FINGF ) 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/Mis Actual Consensu
s s
Estimate
Q3 Beat C$2.84 C$2.59
Revenue bln bln (8
Analysts
)
Q3 C$1.17
Adjusted
EPS
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 ( FINGF ) 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:
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(Reporting by Aby Jose Koilparambil in Bengaluru)