Finning International Inc. (T:FTT)
Business Focus: Heavy Machinery & Vehicles Wholesale
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| Company Contact | |
| Address: | 19100 94th Ave VANCOUVER BC V4N 5C3 |
| Tel: | N/A |
| Website: | https://www.finning.com |
| IR: | See website |
| Key People | ||
| Kevin Parkes President, Chief Executive Officer, Director | David Francis Neil Primrose Managing Director - Finning U.K. and Ireland, President - Finning Canada | Greg Haeran Palaschuk Chief Financial Officer, Executive Vice President |
| Juan Pablo Amar President, Finning South America | H. Jane Murdoch Chief Human Resource Officer, Executive Vice President, General Counsel | Kieran Holm Executive Vice President -Global Used Equipment |
| Alexandre De Moraes Zanelatto Executive Vice President - Global Supply Chain | Anna P. Marks Senior Vice President, Corporate Controller | Amanda Hobson Senior Vice President, Director | Tim Arne Ferwerda Managing Director of Finning (UK) Ltd |
| Business Overview |
| Finning International Inc. provides caterpillar equipment, parts, services, and performance solutions. The Company's segments include Canada, South America, UK & Ireland, and Other. The Canadian operations sell, service, and rent mainly caterpillar equipment and engines in British Columbia, Alberta, Saskatchewan, the Yukon Territory, the Northwest Territories, and a portion of Nunavut, and also provide mobile on-site refueling services in provinces of Canada, as well as in Texas, US. The Canadian operations' markets include mining, construction, conventional oil and gas, forestry, and power systems. The South American operations sell, service, and rent mainly Caterpillar equipment and engines in Chile, Argentina, and Bolivia. The UK & Ireland operations sell, service, and rent mainly Caterpillar equipment and engines in England, Scotland, Wales, Northern Ireland, and the Republic of Ireland. The UK & Ireland operations' markets include construction, power systems, and quarrying. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Finning International Inc revenues increased 13% to C$10.53B. Net income increased 4% to C$523M. Revenues reflect Canadian operations segment increase of 16% to C$6.03B, South american operations segment increase of 18% to C$3.22B, Canada segment increase of 17% to C$5.88B, Chile segment increase of 21% to C$2.68B. Net income was partially offset by Selling, general. |
| Employees: | 14,922 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $8,511M as of Dec 31, 2023 |
| Annual revenue (TTM): | $10,527M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,312M as of Dec 31, 2023 |
| Net annual income (TTM): | $523.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$138.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,381M as of Dec 31, 2023 |
| Shares outstanding: | 142,455,840 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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