Finning International (TSE:FTT) Posts Quarterly Earnings Results

Finning International (TSE:FTT) announced its earnings results on Tuesday. The company reported C$1.20 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$3.04 billion during the quarter. Finning International had a return on equity of 18.81% and a net margin of 4.85%.

Here are the key takeaways from Finning International’s conference call:

• Q3 revenue rose 7% year over year to CAD 3.0 billion for a second consecutive quarter above that level; EPS increased 3% to CAD 1.20, with share repurchases contributing to the gain.
• Equipment backlog reached a record CAD 4.1 billion, up 42% year over year, as order intake outpaced deliveries across mining, power and energy, and construction. Management views the growing installed base as a source of future product-support revenue.
• Product-support revenue grew 7% for its tenth consecutive quarterly increase, led by 12% growth in Canada; rental revenue rose 27%. Finning also reported increased rebuild activity, particularly in Canadian mining.
• EBIT margin fell 50 basis points year over year to 8%, with lower product-support margins and higher costs to support growth weighing on results. Management said roughly two-thirds of the Canadian product-support margin decline reflected mix, with the remainder including temporary factors such as tariffs and the ramp-up of new technicians.
• Finning added a major Canadian data-center backup-power order to backlog and is pursuing additional prime and bridging-power opportunities. Management described data-center demand as added upside rather than a requirement for its earnings growth, while noting that project timing and scale remain uncertain.

Finning International Stock Performance

TSE FTT opened at C$90.87 on Thursday. The firm has a market cap of C$11.77 billion, a P/E ratio of 21.69, a P/E/G ratio of 0.56 and a beta of 0.23. Finning International has a 52-week low of C$70.89 and a 52-week high of C$115.60. The business’s 50-day moving average price is C$99.24 and its 200 day moving average price is C$95.95. The company has a quick ratio of 0.59, a current ratio of 1.54 and a debt-to-equity ratio of 89.02.

Latest Finning International News

Here’s some of the latest news about FTT:

• Positive Sentiment: Finning reported third-quarter EPS of C$1.20 and revenue of C$3.04 billion, both higher than a year earlier. Its backlog reached a record, providing a positive signal for future demand and revenue visibility. Finning reports Q3 profit and revenue up from year ago, backlog hits record
• Neutral Sentiment: Despite lowering their targets, BMO, TD, RBC, Scotiabank and Stifel kept positive ratings on the shares. Their revised targets range from C$114 to C$124, indicating analysts continue to see potential upside from the cited C$91.80 share price. Canadian Analyst Updates: Nov 11th, 2026
• Negative Sentiment: All five firms reduced their price targets: BMO to C$115, TD to C$123, RBC to C$124, Scotiabank to C$114 and Stifel to C$123. The broad revisions may weigh on sentiment, although each firm maintained an outperform, buy or equivalent rating. BMO Capital Markets recommendations

Wall Street Analysts Forecast Growth

Several research analysts have commented on FTT shares. Royal Bank Of Canada cut their price target on Finning International from C$129.00 to C$124.00 and set an “outperform” rating on the stock in a research report on Wednesday. Scotiabank decreased their price objective on Finning International from C$118.00 to C$114.00 and set a “sector outperform” rating for the company in a report on Wednesday. National Bank Financial raised their target price on shares of Finning International from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Stifel Nicolaus cut their target price on shares of Finning International from C$126.00 to C$123.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, TD cut their target price on shares of Finning International from C$124.00 to C$123.00 and set a “buy” rating on the stock in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$116.10.

Finning International Company Profile

Finning is the world’s largest Caterpillar dealer. Headquartered in Surrey, British Columbia, we sell and rent Caterpillar equipment and provide parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland. Since 1933, we have delivered unrivalled customer service and are committed to solving our customers’ toughest challenges.