Q: Please comment on Finning International earnings. Thank You
5i Research Answer:
EPS of $1.02 beat estimates of $1.01; revenue of $2.50B marginally missed estimates. EBITDA of $299M missed estimates by 2%. EPS rose 7%, led by product support growth in Canada. Revenue rose slightly year over year. The dividend was raised by 7.4%. FTT gave a positive outlook, focusing on structural changes and productivity improvements. The has had a good run and good growth is expected over the next two years.