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Finning International Inc (FTT.TO)

FTT.TO on Toronto Stock Exchange

22.31CAD
23 May 2019
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Latest Key Developments (Source: Significant Developments)

Finning Reports Q1 Earnings Per Share Of C$0.17
Wednesday, 8 May 2019 

May 8 (Reuters) - Finning International Inc ::FINNING REPORTS Q1 2019 RESULTS AND INCREASES DIVIDEND.Q1 EARNINGS PER SHARE C$0.17.Q1 EARNINGS PER SHARE ESTIMATE C$0.30 -- REFINITIV IBES DATA.FINNING INTERNATIONAL - RESTRUCTURING CANADIAN AND SOUTH AMERICAN OPERATIONS TO CONTINUE TO REDUCE COST TO SERVE, INCREASE OUR MARKET COMPETITIVENESS.BY END OF 2019, WE EXPECT GLOBAL WORKFORCE TO BE 5% LOWER THAN AT END 2018.SOUTH AMERICA'S RECOVERY IS ON TRACK FOLLOWING CHALLENGES RELATED TO IMPLEMENTATION OF NEW ERP SYSTEM IN LATE 2018.ANNUALIZED DIVIDEND WAS RAISED BY 2.5% TO $0.82 PER SHARE.QTRLY REVENUE $1,810 MILLION VERSUS $1,670 MILLION.Q1 REVENUE VIEW C$1.64 BILLION -- REFINITIV IBES DATA.APPROVED A 2.5% INCREASE IN QUARTERLY DIVIDEND TO $0.205 PER SHARE FROM $0.20 PER SHARE.QTRLY NET REVENUE $1,719 MILLION VERSUS $1,670 MILLION.RECEIVED APPROVAL TO RENEW NCIB TO PURCHASE FOR CANCELLATION UP TO 6 MILLION OF ITS COMMON SHARES.NCIB, WILL BEGIN ON MAY 11, 2019 AND END NO LATER THAN MAY 10, 2020."BY END OF 2019, WE EXPECT GLOBAL WORKFORCE TO BE 5% LOWER THAN AT END 2018".  Full Article

Finning To Acquire 4Refuel For About $260 Mln
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Finning International Inc ::FINNING TO ACQUIRE 4REFUEL, THE CANADIAN LEADER IN MOBILE ON-SITE REFUELING SERVICES.FINNING INTERNATIONAL INC - PURCHASE PRICE IS APPROXIMATELY $260 MILLION.FINNING INTERNATIONAL INC - TRANSACTION WILL BE FUNDED WITH CASH ON HAND AND FROM EXISTING CREDIT FACILITIES.FINNING INTERNATIONAL INC - DEAL WILL BE IMMEDIATELY ACCRETIVE TO EARNINGS PER SHARE AND FREE CASH FLOW IN 2019, BEFORE SYNERGIES.FINNING INTERNATIONAL INC - "MEANINGFUL" SYNERGIES ARE EXPECTED TO BE GENERATED THROUGH ACQUISITION.  Full Article

Finning Announces Board Chair Succession And Board Appointment
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Finning International Inc ::FINNING ANNOUNCES BOARD CHAIR SUCCESSION AND BOARD APPOINTMENT.FINNING INTERNATIONAL INC - DOUG WHITEHEAD IS RETIRING AS BOARD CHAIR AND BOARD MEMBER EFFECTIVE JANUARY 15, 2019.FINNING INTERNATIONAL INC - HAL KVISLE, AN INDEPENDENT DIRECTOR, WILL SUCCEED WHITEHEAD AS BOARD CHAIR.FINNING INTERNATIONAL INC - APPOINTED EDWARD SERAPHIM AS AN INDEPENDENT DIRECTOR TO BOARD OF DIRECTORS EFFECTIVE JANUARY 15, 2019.  Full Article

Finning Announces Amendment To Share Repurchase Program
Tuesday, 13 Nov 2018 

Finning International Inc ::FINNING ANNOUNCES AMENDMENT TO SHARE REPURCHASE PROGRAM.FINNING INTERNATIONAL- AMENDED NORMAL COURSE ISSUER BID TO INCREASE NUMBER OF SHARES AVAILABLE FOR PURCHASE FOR CANCELLATION FROM TO 5.3 MILLION.  Full Article

Finning International Qtrly Rev $1,755 Mln, Up 14 Pct
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Finning International Inc ::FINNING REPORTS Q3 2018 RESULTS.FINNING INTERNATIONAL QTRLY REVENUE $1,755 MILLION, UP 14 PERCENT.Q3 ADJUSTED EARNINGS PER SHARE C$0.45.Q3 EARNINGS PER SHARE C$0.15.Q3 EARNINGS PER SHARE VIEW C$0.42 -- THOMSON REUTERS I/B/E/S.  Full Article

Finning To Work With Weiler To Expand Relationship As Distributor Of Cat Purpose-Built Forestry Products
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Finning International Inc ::FINNING TO WORK WITH WEILER TO EXPAND RELATIONSHIP AS DISTRIBUTOR OF CAT® PURPOSE-BUILT FORESTRY PRODUCTS.FINNING INTERNATIONAL - INTENDS TO EXPAND DEALER RELATIONSHIP WITH WEILER AFTER CATERPILLAR TO SELL ITS CAT PURPOSE-BUILT FORESTRY BUSINESS TO WEILER.  Full Article

Finning Q4 Earnings Per Share C$0.39
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Finning International Inc ::FINNING REPORTS Q4 AND ANNUAL 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE C$0.40.Q4 EARNINGS PER SHARE C$0.39.EQUIPMENT BACKLOG INCREASED TO $1.3 BILLION IN Q4 2017.QTRLY REVENUE $1,735 MILLION VERSUS $1,491 MILLION.Q4 EARNINGS PER SHARE VIEW C$0.38, REVENUE VIEW C$1.60 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Finning South America Secures Significant Mining Contract In Chile
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Finning International Inc ::FINNING SOUTH AMERICA SECURES SIGNIFICANT MINING CONTRACT IN CHILE.FINNING SAYS SOUTH AMERICAN OPERATIONS HAS BEEN AWARDED MULTI-YEAR MINING CONTRACT BY LUNDIN MINING TO DELIVER EQUIPMENT TO CANDELARIA COPPER MINES.FINNING - WILL SUPPLY NEARLY 70 PIECES OF CATERPILLAR LARGE MINING EQUIPMENT VALUED AT ABOUT $185 MILLION TO CANDELARIA OPEN PIT, UNDERGROUND MINES.  Full Article

Finning International - Co's South American Operation Been Awarded Multi-Year Mining Contract
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Finning International Inc ::FINNING INTERNATIONAL INC - CO'S SOUTH AMERICAN OPERATION BEEN AWARDED MULTI-YEAR MINING CONTRACT BY LUNDIN MINING CORPORATION.FINNING INTERNATIONAL INC - CONTRACT TO DELIVER NEW EQUIPMENT AND PRODUCT SUPPORT TO CANDELARIA COPPER MINES IN NORTHERN CHILE.  Full Article

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

CANADA STOCKS-Trade optimism, higher oil prices lift TSX futures

Feb 22 Futures pointed to a higher opening for Canada's main stock index on Friday on hopes that Washington and Beijing are on course to resolve their trade dispute.