Finning International Inc - Company Profile
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Finning International Inc (Finning) is a dealer of Caterpillar equipment. It is involved in the distribution and renting of parts and support services for equipment and engines, and complementary equipment. It owns fleets of equipment for short-term and medium-term rental purpose. The company distributes products through a network of branch locations, local field representatives and at customer mine sites; and carries out rental business through dealerships and CAT rental store operations. Its services include aftercare, customer training, financing, warranty and repair services. Finning serves mining, petroleum, pipeline, snow removal, quarrying, construction, forestry, and power systems markets in Canada, South America, the UK and Ireland. The company also provides mobile refuelling services in Western Canada and in Texas, the US. It has distribution facilities in the US, Brazil, and Belgium. Finning is headquartered in Vancouver, British Columbia, Canada.
Headquarters
Canada
Address
19100 94th Ave, Vancouver, British Columbia, V4N5C3
Website
www.finning.com
Telephone
1 604 6916444
No of Employees
14,922
Industry
Business and Consumer Services
Ticker Symbol & Exchange
FTT (TSE)
Revenue (2022)
$7.8B
13.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
4%
(2022 vs 2021)
Market Cap*
$4.4B
Net Profit Margin (2022)
XYZ
-8.3%
(2022 vs 2021)
* As of and is in US$
Finning International Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Caterpillar products: | Rental Services | Cubiq |
| Tractors | Customer Support Services | |
| Dozers | Repair Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Acquisitions/Mergers/Takeovers | In March, the company acquired Hydraquip Hose & Hydraulics Ltd. and Hoses Direct Ltd. |
| 2021 | Acquisitions/Mergers/Takeovers | In September, the company and its subsidiary 4Refuel acquired a stake in ComTech Energy. |
| 2019 | Contracts/Agreements | In September, the company entered into a contract with Teck Resources Limited to provide product support and new equipment for Teck’s Quebrada Blanca Phase 2 open pit copper mine operations in Chile. |
Competitor Comparison
| Key Parameters | Finning International Inc | AGCO Corporation | United Rentals Inc | Marmon Holdings Inc | Toromont Industries Ltd |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | United States of America | Canada |
| City | Vancouver | Duluth | Stamford | Chicago | Concord |
| State/Province | British Columbia | Georgia | Connecticut | Illinois | Ontario |
| No. of Employees | 14,922 | 27,900 | 26,300 | 28,000 | 6,800 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Harold N. Kvisle | Chairman | Executive Board | 2019 | 70 |
| Kevin Parkes | President; Director; Chief Executive Officer | Executive Board | 2022 | - |
| Greg Palaschuk | Executive Vice President; Chief Financial Officer | Senior Management | 2020 | - |
| Jane Murdoch | General Counsel; Executive Vice President; Chief Human Resources Officer | Senior Management | 2022 | - |
| Anna P. Marks | Controller; Senior Vice President | Senior Management | 2015 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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