VANCOUVER, British Columbia, May 12, 2025 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”, the “Company”, “we”, “our” or “us”) reported first quarter 2025 results today. All monetary amounts are in Canadian dollars unless otherwise stated.All comparisons are to Q1 2024 results unless indicated otherwise.“Our team delivered another excellent quarter. We are driving value through the execution of our investor day strategy with increasing impact. Over the last twelve-month period, we have continued our growth with $10.3 billion of net revenue including 5% product support growth, demonstrated resilience by generating over $1.2 billion of free cash flow and reducing SG&A as a percentage of net revenue to 16.2%, while also sustainably growing our used and power businesses,” said Kevin Parkes, President and CEO.QUARTERLY KEY PERFORMANCE MEASURESQ1 2025 HIGHLIGHTS BY OPERATIONAll comparisons are to Q1 2024 results unless indicated otherwise. All numbers, except ROIC, are in functional currency: Canada – Canadian dollar; South America – US dollar (USD); UK & Ireland – UK pound sterling (GBP). These variances and ratios for South America and UK & Ireland exclude the foreign currency translation impact from the CAD relative to the USD and GBP, respectively, and are therefore considered to be specified financial measures. We believe the variances and ratios in functional currency provide meaningful information about operational performance of the reporting segment.We will hold an investor call on May 13, 2025 at 10:00 am Eastern Time. Dial-in numbers: 1-833-752-3398 (Canada and US toll free), 1-647-846-2852 (international toll). The investor call will be webcast live and archived for three months. The webcast and accompanying presentation can be accessed at https://www.finning.com/en_CA/company/investors.htmlFinning is the world’s largest Caterpillar dealer, delivering unrivalled service to customers for over 90 years. Headquartered in Surrey, British Columbia, we provide Caterpillar equipment, parts, services, and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland.Neil McCann
VP Finance, Capital Markets and Corporate Development
Email: [email protected]
https://www.finning.com
The income tax impact of the significant items was as follows:A reconciliation from EPS to Adjusted EPS for our consolidated operations is as follows:A reconciliation from EBIT to Adjusted EBIT for our Canadian operations is as follows:A reconciliation from EBIT to Adjusted EBIT for our South American operations is as follows:A reconciliation from EBIT to Adjusted EBIT for our UK & Ireland operations is as follows:A reconciliation from EBIT to Adjusted EBIT for our Other operations is as follows:Equipment BacklogInventory Turns (Dealership)Invested CapitalInvested Capital TurnoverROIC and Adjusted ROICFOOTNOTESForward-Looking Information Disclaimer
(GlobeNewsWire)