Finning 2016 Q3 Results
Nov 3, 2016
Q3 2016 HIGHLIGHTS
- Significant progress in the UK & Ireland to lower the cost structure and improve capital efficiency resulted in an EBIT(1) margin of 3.8%.
- Operational improvements and cost reductions enabled Canada to maintain profitability in a difficult economic environment.
- South America achieved significant improvement in Adjusted ROIC(1)(2)(3) driven by sustained profitability and reduced invested capital.
- Strong free cash flow(3) of $163 million in Q3 and $257 million year-to-date reflected improved management of working capital.
For the complete results: View Q3 Results