Edition:
United Kingdom

Finning International Inc (FTT.TO)

FTT.TO on Toronto Stock Exchange

31.13CAD
17 Nov 2017
Change (% chg)

$0.15 (+0.48%)
Prev Close
$30.98
Open
$31.00
Day's High
$31.20
Day's Low
$30.89
Volume
204,946
Avg. Vol
444,506
52-wk High
$32.93
52-wk Low
$23.76

Latest Key Developments (Source: Significant Developments)

Finning Q3 earnings per share C$0.31
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Finning International Inc :Finning reports Q3 2017 results.Q3 adjusted earnings per share C$0.35.Q3 earnings per share C$0.31.Q3 earnings per share view C$0.33 -- Thomson Reuters I/B/E/S.Finning International Inc qtrly ‍ revenue $1,547 million versus $1,333​ million.Finning International Inc qtrly ‍ equipment backlog was $900 million, unchanged from Q2 2017, but almost double backlog in Q3 2016​.Finning International - expects year-over-year revenue growth in Q4 2017 to moderate relative to year-to-date increase due to strength at end of 2016‍​.Finning International - free cash flow for 2017 is now expected to be at the low end of the targeted range of $150 million to $200 million.Finning International - "company believes it continues to have sufficient liquidity to meet operational needs and planned growth and development".Q3 revenue view C$1.48 billion -- Thomson Reuters I/B/E/S.  Full Article

Finning announces pricing of $200 million of 2.84% senior unsecured notes
Thursday, 14 Sep 2017 

Sept 14 (Reuters) - Finning International Inc ::Announces pricing of $200 million of 2.84% senior unsecured notes and redemption of $350 million of 6.02% medium term notes due June 1, 2018.Says priced $200 million principal amount of 2.84% senior unsecured notes due September 29, 2021.Says ‍interest on offering notes is payable semi-annually, commencing on March 29, 2018​.  Full Article

Finning Q2 adjusted earnings per share C$0.20
Wednesday, 3 Aug 2016 

Finning International Inc : Finning reports Q2 2016 results . Q2 adjusted earnings per share C$0.20 . Q2 earnings per share C$0.03 . Q2 earnings per share view C$0.20 -- Thomson Reuters I/B/E/S . Qtrly revenue $1,310 million versus $1,680 million .Q2 revenue view C$1.36 billion -- Thomson Reuters I/B/E/S.  Full Article

Finning announces renewal of share repurchase program
Monday, 9 May 2016 

Finning International Inc : Says to purchase for cancellation up to 16.8 million of its common shares .Finning announces renewal of share repurchase program.  Full Article

Finning International Inc swings to loss; to cut more jobs - Reuters
Thursday, 18 Feb 2016 

Finning International Inc:Finning International Inc, swung to a quarterly loss and said it would cut more jobs.- 0 RTRS.The company, which cut 13 percent of its global workforce last year, said it would cut another 400-500 jobs by mid-2016.  Full Article

Finning Announces Board Chair Succession and Board Appointment
Thursday, 18 Feb 2016 

Finning International Inc:Says that as part of ongoing board renewal Doug Whitehead will step down as Chairman of the Board at the Company's Annual General Meeting (AGM) on May 4, 2016.Whitehead, who has been Chairman of the Board since 2008 and a member of the Board since 1999, will remain on the Board of Directors, subject to his re-election to the Board at the AGM.Mike Wilson will succeed Whitehead as Chairman of the Board of Directors on May 4, 2016, also subject to his re-election to the Board.Appointment of Stuart Levenick to the company's Board of Directors effective March 1, 2016.  Full Article

CANADA STOCKS-TSX adds to record highs as Valeant shares surge

TORONTO, Nov 7 Canada's main stock index added to its record highs on Tuesday, boosted by a jump in the shares of Valeant Pharmaceuticals International Inc after the company's earnings beat estimates, while some energy shares also climbed.