Q3 2025 Finning International Inc Earnings Call Transcript

Nov 12, 2025 / 03:00PM GMT

Release Date Price: $55.61 (+4.88%)

Transcript

Key Points

Positve

Finning International Inc (FINGF) reported a 14% increase in Q3 revenue compared to Q3 2024, with growth across all regions.
Product support revenue continued its growth trajectory, reaching $5.8 billion over the last 12 months, with increases in all regions.
The company's Power Systems business showed strong growth, with a 5% increase in trailing 12-month revenue and a robust backlog of nearly $1 billion.
Finning International Inc (FINGF) achieved a 25% increase in EBIT from Q3 2024, reflecting strong revenue growth and cost control.
The company maintained a healthy balance sheet with a net debt to adjusted EBITDA ratio of 1.7 times, within their target range.

Negative

Gross profit margin decreased by 170 basis points, primarily due to lower product support margins and a higher proportion of used equipment in the revenue mix.
Product support revenue in the UK and Ireland was down 3% due to lower machine utilization in construction.
The EBIT margin in South America decreased by 120 basis points from Q3 2024, reflecting lower product support margins and a higher proportion of lower-margin used mining equipment sales.
The construction market in the UK and Ireland remains subdued, with lower projected GDP growth impacting demand for new equipment.
Free cash flow usage of $56 million in Q3 was attributed to higher inventory levels needed to support increased activity.

Operator

Welcome to the Finning International Inc. third-quarter 2025 investor call and webcast. (Operator Instructions) This conference is being recorded. (Operator Instructions).

I would now like to turn the conference over to David Primrose, Executive Vice President and Chief Financial Officer. Please go ahead.

David Primrose

Finning International Inc - Chief Financial Officer, Executive Vice President

Thank you, operator. Good morning, everyone, and welcome to Finning's third-quarter earnings call. Joining me on today's call is Kevin Parkes, our President and CEO. Following our remarks, we will open the line to questions. This call is being webcast on the Investor Relations section of finning.com.

We have also provided a set of slides on our website that we will reference and an audio file of this call and the accompanying slides will be archived. Before I turn it over to Kevin, I want to remind everyone that some of the statements provided during this call are forward-looking. Please refer to slides 9 and 10 for important disclosures about

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