Finning International (TSE:FTT) Announces Earnings Results

Finning International (TSE:FTT) released its quarterly earnings data on Tuesday. The company reported C$1.02 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$2.50 billion during the quarter. Finning International had a return on equity of 24.05% and a net margin of 6.21%.

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

• Finning reported a strong 2025, with annual revenue up 7%, product support revenue reaching nearly CAD 6 billion, and new equipment revenue hitting an all-time high of CAD 3.9 billion.
• The company said its Q1 2026 adjusted EPS was a record for first quarter results, while equipment backlog ended March at CAD 3.8 billion, supported by mining orders in Argentina and Canada.
• Finning’s board approved a 7.4% increase in the quarterly dividend, marking the 25th consecutive year of dividend growth and signaling confidence in earnings capacity.
• Management highlighted ongoing growth in product support and said it is expanding its technician workforce to better serve customers, especially after the sale of 4Refuel and ComTech sharpened its strategic focus.
• Executives said they see continued opportunity in Canada, South America, and power, with mining truck populations and data-center-related power demand expected to support growth through the end of the decade.

Finning International Stock Down 1.0%

FTT opened at C$96.57 on Wednesday. The stock’s fifty day simple moving average is C$91.54 and its 200 day simple moving average is C$83.65. Finning International has a 1-year low of C$43.50 and a 1-year high of C$101.89. The stock has a market cap of C$12.63 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 0.56 and a beta of 0.70. The company has a current ratio of 1.67, a quick ratio of 0.59 and a debt-to-equity ratio of 82.71.

Analysts Set New Price Targets

FTT has been the topic of several analyst reports. Scotiabank increased their target price on shares of Finning International from C$105.00 to C$109.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. Canaccord Genuity Group raised their price objective on Finning International from C$90.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. TD boosted their price objective on Finning International from C$104.00 to C$106.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada increased their target price on Finning International from C$89.00 to C$104.00 in a research note on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Finning International from C$84.00 to C$102.00 in a research note on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$96.33.

Finning International Company Profile

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery.