05:35 PM EST, 11/12/2024 (MT Newswires) -- Finning ( FINGF ) said its third-quarter adjusted profit fell while revenue rose slightly.

The company, the world's largest Caterpillar equipment dealer, said adjusted earnings per share, excluding most one-time items, fell to $0.93 from $1.07 last year.

Revenue was 4% higher, to $2.54 billion.

"Our results in the third quarter were different by region and reflect the advantage of our diversified business. We had strong growth in South America, resilient profitability in the UK & Ireland, excellent free cash flow in all regions and our backlog remains healthy," said Kevin Parkes, president and CEO. "Deliberate actions to generate strong cash flow coupled with tougher market dynamics resulted in more challenging margin performance in our Canadian business. We are focused on cost control to drive improved profitability going forward."

Finning ( FINGF ) closed up $0.09 to $41.72 on the Toronto Stock Exchange.