Finning reported a 21% jump in adjusted EPS to C$1.22 and a 20% revenue increase to C$3.1 billion in Q2.
Finning International (TSE:FTT) achieved record second-quarter revenue of C$3.1 billion, up 20% year over year, driven by strong equipment deliveries and product support growth. Adjusted earnings per share rose 21% to C$1.22, while EBIT increased 16% to C$249 million.
The company’s backlog remained at C$3.8 billion, unchanged from March but up 26% from a year earlier. New equipment sales surged 34%, supported by mining and construction deliveries, while rental revenue climbed 19%.
CEO Kevin Parkes attributed the results to strategic execution and growth in the installed base of machines and engines, positioning Finning for future product support revenue.