Finning International Inc
TSX:FTT

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Finning International Inc
TSX:FTT
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Price: 37.44 CAD -0.27% Market Closed
Market Cap: 5.2B CAD

Finning International Inc
Investor Relations

In the vast realm of heavy equipment, Finning International Inc. emerges as a stalwart, renowned for steering the machinery landscape primarily through its extensive dealership of Caterpillar (CAT) products. Founded in 1933, this Canadian enterprise has grown into the world's largest Caterpillar equipment dealer. Positioned strategically in robust markets across Canada, South America, and the UK, Finning thrives by providing machinery essential for industries ranging from mining and construction to forestry and energy. The heart of their business lies in not just selling equipment, but also in fortifying customer operations through a comprehensive mix of services, including maintenance, repairs, and equipment rentals. This service-centric approach enhances customer loyalty and strengthens recurring revenue streams, meaning every bulldozer or loader purchase often paves the way for sustained service relationships.

Finning's prowess in adapting to the evolving needs of its clients lies in leveraging the Caterpillar brand’s reputation for durability and innovation. As the company navigates dynamic economic landscapes, it has honed its focus on digital transformation and sustainability. By integrating advanced data analytics, Finning aids its customers in optimizing machinery usage and reducing operational costs. The rise of autonomous machinery and eco-friendly solutions also propels the company to the forefront of the industry, helping clients increase efficiency while meeting regulatory demands for sustainable practices. Through these strategies, Finning not only sells iron but also delivers value-added insights, ensuring its dominant presence in the marketplace is paralleled by strong financial performance.

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FTT
S&P TSX Composite Index (Canada)

Earnings Calls

2024 Q3
Oct 31, 2024
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Anika's Strategic Shift and Revenue Guidance Highlights in Q3
2024 Q3
Oct 31, 2024

Anika's third quarter faced revenue challenges, totaling $38.8 million, down from the previous year, mainly due to lower partner revenue. Despite this, international OA Pain sales surged 7%. The company announced the sale of Arthrosurface for $10 million and is divesting Parcus Medical, focusing on its HA products. Looking ahead, Anika expects 14-19% revenue growth in its commercial channel for 2024 and a similar 12-18% increase for 2025, driven by new products like Integrity and the anticipated U.S. launch of Hyalofast in 2026. Adjusted EBITDA is forecasted between $16 million and $18 million for 2024, reflecting ongoing restructuring efforts.

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Management

Mr. Tim Ferwerda
Managing Director of UK & Ireland Business
No Bio Available
Mr. Juan Pablo Amar
President of Finning South America
No Bio Available
Mr. Kieran C. Holm
Executive VP & Chief Retail Officer
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
19100 94th Ave
Contacts
+16046916444.0
www.finning.com