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Finning International (FTT) investor relations material
Finning International Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached $2.8 billion, up 14% year-over-year, with growth across all regions and strong mining and power systems demand; new equipment sales hit a record $1.0 billion and backlog stood at $2.9 billion.
Product support revenue for the last 12 months rose to $5.8 billion, up 7%, with strong mining activity in Canada and South America; product support revenue increased 9% year-over-year.
Strategic execution focused on maximizing product support, building resilience through cost and capital management, and investing in automation and warehouse technology.
Power systems backlog at the end of September was nearly $1 billion, up 23% from the prior year, reflecting robust demand in data centers, oil and gas, and industrial applications.
The company continues to focus on long-term growth, resilience, and operational efficiency, with a positive outlook for mining, power, and construction markets.
Financial highlights
Q3 EBIT was $240 million, up 25% from Q3 2024 adjusted EBIT, with EBIT margin up 70 bps to 8.5%; EPS of $1.17 increased 33% year-over-year.
Free cash flow usage was $56 million in Q3, reflecting higher inventory to support increased activity.
New equipment sales rose 12% to $1.0 billion, used equipment sales surged 122%, and product support revenue grew 9% year-over-year.
Gross profit margin was 21.7%, down 170 bps due to revenue mix shift; SG&A margin improved to 13.4%, down 290 bps year-over-year.
Net income from continuing operations was $154 million, up 60% year-over-year.
Outlook and guidance
Sustained optimism for long-term growth in oil and gas, mining, and power systems, with a constructive medium-term outlook; Q4 2025 expected to be an inflection point for free cash flow.
Strong outlook for Chile mining supported by high copper prices and capital deployment into brownfield expansions; Canadian market outlook remains positive for mining and infrastructure.
UK & Ireland expect soft construction demand but growing power systems contribution, especially in data centres.
Power systems backlog and construction backlogs in Canada and the U.K. are up significantly, supporting future growth.
SG&A performance is expected to be sustainable, with further efficiency opportunities identified, especially in Canada and South America.
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