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Finning International Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates; Comments On FY 2013 EPS Guidance; Increases Dividend


Wednesday, 8 May 2013 04:30pm EDT 

Finning International Inc announced that for fiscal 2013 revenues are expected to be flat to up 10% over fiscal 2012, driven by product support revenues which benefit from a full year's contribution from the expanded mining product line. For fiscal 2013, earnings are expected to grow at a higher rate than revenue. The Company reported revenues of $6.622 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $6.825 billion and EPS of $2.17 for fiscal 2013. The Company also announced that the Board of Directors has approved a 9% increase in the quarterly dividend to $0.1525 per share from $0.14 per share, payable on June 6, 2013 to shareholders of record on May 23, 2013. 

Company Quote

20.95
-0.02 -0.10%
30 Jan 2015