Finning International Full Year 2024 Earnings: EPS Beats Expectations

Finning International (TSE:FTT) Full Year 2024 Results

Key Financial Results

• Revenue: CA$11.2b (up 6.5% from FY 2023).
• Net income: CA$509.0m (down 2.7% from FY 2023).
• Profit margin: 4.5% (down from 5.0% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: CA$3.62.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Finning International EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.8%.

Looking ahead, revenue is expected to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Trade Distributors industry in Canada are expected to grow by 3.6%.

Performance of the Canadian Trade Distributors industry.

The company's shares are up 8.5% from a week ago.

Risk Analysis

Be aware that Finning International is showing 1 warning sign in our investment analysis that you should know about...

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