Finning reports strong 2010 results
February 16, 2011
Q4 AND ANNUAL 2010 HIGHLIGHTS (from continuing operations)
- Q4 Basic EPS of $0.29 was up 123% from Q4 2009 and included an impairment charge on investments of $0.04 per share.
- Q4 EBIT of $79 million almost doubled from Q4 2009 and was in line with expectations.
- EBIT margin improved to 5.8% in Q4 2010 from 3.7% in Q4 2009 due to EBIT recovery in Canada.
- The Company generated $265 million in free cash flow in 2010, exceeding its target of $200 million. The net debt to total capital ratio was 33%, down from 39% at December 2009.
For the complete results: View Q4 Results