Finning 2011 2nd Quarter Results
August 12, 2011
Q2 2011 HIGHLIGHTS
- Basic EPS was a record $0.48 for the quarter, up almost 130% from $0.21 in Q2 2010.
- Revenue climbed 39% to $1.5 billion fueled by exceptionally strong new equipment sales and record product support revenues.
- EBIT almost doubled to $120 million. The Company benefited from improved operating leverage, and achieved EBIT margin of 8.1% compared to 5.9% in Q2 2010.
- Backlog grew by 14% from March 2011 to $1.7 billion reflecting continued strong order intake.
For the complete results: View Q2 Results