Finning Expects Strong 2008

Dec. 14, 2007
Finning International last week reaffirmed its earnings guidance for 2007 and established its earnings guidance for fiscal 2008. The Vancouver, B.C.-based Caterpillar dealer reaffirmed its basic earnings per share from continuing operations will be between CD $1.48 and $1.60 (between U.S. $1.45 and $1.57). The amount is consistent with the most recent guidance range provided by Finning last month.

Finning International last week reaffirmed its earnings guidance for 2007 and established its earnings guidance for fiscal 2008. The Vancouver, B.C.-based Caterpillar dealer reaffirmed its basic earnings per share from continuing operations will be between CD $1.48 and $1.60 (between U.S. $1.45 and $1.57). The amount is consistent with the most recent guidance range provided by Finning last month.

The company’s outlook for 2008 remains positive, expecting its consolidated revenue to increase by 7 percent to 9 percent for 2008, with basic earnings per share to be between CA $1.70 per share and $1.80 per share.

Finning is No. 13 on the RER 100.