{
  "id": 19367555,
  "title": "Earnings call transcript: Finning misses Q3 2026 profit view as stock falls",
  "url": "https://urgent.news/2026/11/10/earnings-call-transcript-finning-misses-q3-2026-profit-view-as-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T17:14:27.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-finning-misses-q3-2026-profit-view-as-stock-falls-93CH-5016381"
  },
  "original_language": "en",
  "account": "Finning International reported third-quarter profit that fell short of Wall Street expectations, despite revenue exceeding forecasts. The company's adjusted earnings per share (EPS) of CAD 1.20 were 4.8% below the projected CAD 1.26, while revenue stood at CAD 3.04 billion, surpassing the estimated CAD 2.98 billion. The stock price fell 8.37% to $87.22 in premarket trading, a decline of $7.97 from the previous close of $95.19. Finning's revenue grew by 7% year-over-year to CAD 3.0 billion, and EBIT increased slightly to CAD 243 million. Gross profit margin fell from 21.7% to 21.5%, and EBIT margin decreased from 8.5% to 8.0%. Despite these challenges, the company posted a record equipment backlog of CAD 4.1 billion, marking a 42% increase from the prior year. The strong demand in mining, construction, and power sectors across Canada, South America, and the U.K. and Ireland remained steady, underpinning Finning's long-term strategy. The company's growing installed base of machines and engines is expected to drive recurring product support revenue, seen as a core element of future resilience and value creation.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}