Finning Sets Revenue Record in Fourth Quarter

Revenue leapt 35% to a record $1.8 billion driven by highest-ever new equipment sales in each region and record product-support revenues

February 21, 2012

British-Columbia-based Caterpillar distributor, Finning International, reported its fourth-quarter (Q4) 2011 revenue increased 35% to a record $1.8 billion, driven by highest-ever new equipment sales in each region and record product-support revenues.

Consolidated earnings before interest and income taxes (EBIT) grew by 28% to $107 million, led by best-ever results from South America. The company generated $281 million in free cash flow in Q4 2011, and the net debt to capital ratio was 42.0% at year end.

Order intake exceeded Q3 2011 by 26%. Record deliveries in each region in the fourth quarter reduced the backlog to $1.5 billion at the end of 2011 compared to $1.8 billion at the end of Q3 2011.

For the complete results: View Q4 Results

Adobe Stock 370741398

Do Online Reviews Really Matter for your Business?

In the digital age, 93 percent of customers say that their buying decisions are influenced by online reviews. And as a small business, your online reputation can directly influence your bottom line.

Blog Post Graphic

How to Create a Successful Rental Inspection System

Rental company owners are transforming their business with inspection management software and these three tips for a winning strategy.

Don't treat portable compressor service as a once-a-year requirement

Don't treat portable compressor service as a once-a-year requirement

Keeping up with compressor maintenance keeps equipment ready to rent. Use this checklist to keep your machines running smoothly and efficiently.

The BOSSAIR 185G features the BOSS BCAN Digital Interface, which uses the J1939 electronic connection in vehicles to communicate between the vehicle and air compressor and power systems.

BOSS Industries BOSSAIR 185G Air Compressor Package

The BOSSAIR 185G features the BOSS BCAN Digital Interface, which uses the J1939 electronic connection in vehicles to communicate between the vehicle and air compressor and power systems.

INDCO Quic Mixers are designed for mixing colorants into paint, remixing settled materials, blending powders into liquids and other general purpose mixing applications in 5-gallon pails.

INDCO Offers Portable Quic Mixers for 5-gallon Pails

INDCO Quic Mixers are designed for mixing colorants into paint, remixing settled materials, blending powders into liquids and other general purpose mixing applications in 5-gallon pails.

Skf Lincoln Gear Oil Dispensing Units

SKF Lincoln Unveils Mityvac Gear Oil Dispensing Units

The gear oil handling systems utilize compressed air for clean fluid handling.

During storage, lithium-ion batteries are surrounded by cushions filled with Pyrobubbles - an extinguishing agent which provides protection against thermal runaway and exothermic reactions.

DENIOS Launches BatterySafe Cases for Lithium-ion Batteries

During storage, lithium-ion batteries are surrounded by cushions filled with Pyrobubbles - an extinguishing agent which provides protection against thermal runaway and exothermic reactions.

Adobe Stock 279093169

Safety & Sustainability: The 2024 Aerial Industry Report

Rental editor Jonathan Kozlowski asks industry leaders about the status of the market and what heights the year may take us.

Don't treat portable compressor service as a once-a-year requirement

Don't treat portable compressor service as a once-a-year requirement

Keeping up with compressor maintenance keeps equipment ready to rent. Use this checklist to keep your machines running smoothly and efficiently.

2521 10 F

Milwaukee Introduces M12 FUEL Circular Saw

The Milwaukee M12 FUEL Circular Saw is designed for cross-cutting sheet goods and dimensional lumber.

The G2 platform integrates the process of product application, maintenance, operation and management, including 21 core technologies and 31 spare parts.

XCMG Launches G2 Cranes

The G2 platform integrates the process of product application, maintenance, operation and management, including 21 core technologies and 31 spare parts.

The new engine platform will be equipped with Cat Digital Services, an integrated suite of software and hardware solutions supplying the insight equipment owners need to make decisions and secure the health of their equipment.

Caterpillar Announces 13L C13D Diesel Engine for 2026

The new engine platform offers up to a 20% increase in power and up to 25% more low-speed torque than the previous generation of Cat engines in its power class.

The Pecora-Deck HB1100-SA Coating is applied as a one-step traffic coating system that includes an integral aggregate and functions as both a waterproofing and traffic bearing deck coating system.

Pecora Offers Pecora-Deck HB1100-SA Coating

The Pecora-Deck HB1100-SA Coating is applied as a one-step traffic coating system that includes an integral aggregate and functions as both a waterproofing and traffic bearing deck coating system.

The Milwaukee M12 Brushless Copper Tubing Cutter automatically adjusts diameter to cut Type K, L and M copper pipes from 1.375 to 2.125 in. (OD).

Milwaukee Launches M12 Brushless Copper Tubing Cutter

The Milwaukee M12 Brushless Copper Tubing Cutter automatically adjusts diameter to cut Type K, L and M copper pipes from 1.375 to 2.125 in. (OD).

The PowerPusher E-750 Electric Wheelbarrow™ Moves Up to 1,000 lbs. Fast!

The PowerPusher E-750 Electric Wheelbarrow™ Moves Up to 1,000 lbs. Fast!

The E-750 Electric Wheelbarrow™ has powered dump button and is available with many tubs. Its silent motor with no emissions is great for indoor use.

Adobe Stock 370741398

Do Online Reviews Really Matter for your Business?

In the digital age, 93 percent of customers say that their buying decisions are influenced by online reviews. And as a small business, your online reputation can directly influence your bottom line.

Blog Post Graphic

How to Create a Successful Rental Inspection System

Rental company owners are transforming their business with inspection management software and these three tips for a winning strategy.

The new products include the 20V MAX* Hydraulic Knockout Tool (DCE600), 20V MAX* XR Brushless Cordless Mid-Size Bandsaw (DCS378) and 20V MAX* XR Brushless Cordless Dual-Trigger Bandsaw (DCS379).

DEWALT Releases 20V MAX Knockout Tool and Bandsaws

The new products include the 20V MAX Hydraulic Knockout Tool (DCE600), 20V MAX XR Brushless Cordless Mid-Size Bandsaw (DCS378) and 20V MAX XR Brushless Cordless Dual-Trigger Bandsaw (DCS379).

Forklift

TPPL vs Lithium Forklift Batteries: Which Technology is Winning?

As technology changes - and presumably improves - how does TPPL technology compare to lithium-ion?

Tm2

All Access Equipment Track Lift Truck Mount and Transport Deck

The solution provides a safe way to enter an aerial work platform without the need to climb up and down the top of a truck with unprotected cab guards.

Lifting Safety

Lifting Safety

Safety seems to be on the mind. Construction Safety Week 2024 is scheduled for May so forgive me in discussing it a tad early.

The StrikeSmart PLUS controller works in conjunction with Hilltip’s TempStriker sensor, which continually monitors variables like temperature, humidity and surface conditions.

Hilltip Launches StrikeSmart PLUS Controller

The StrikeSmart PLUS controller works in conjunction with Hilltip’s TempStriker sensor, which continually monitors variables like temperature, humidity and surface conditions.

With four different working widths, ranging from 100 to 200 cm, E20 direct is recommended for excavators weighing between 12 and 21 tons.

SEPPI M. Unveils E20 Direct Forestry Mulcher Head Attachment

With four different working widths, ranging from 100 to 200 cm, E20 direct is recommended for excavators weighing between 12 and 21 tons.

TennaCAM 2.0 Heavy Equipment is fully integrated with TennaCANbus, which allows it to deliver ECU data alongside video telematics.

Tenna Unveils TennaCAM 2.0 Heavy Equipment Camera

TennaCAM 2.0 Heavy Equipment is fully integrated with TennaCANbus, which allows it to deliver ECU data alongside video telematics.

The software update, Value Pack 2.0, includes new features in the HP SitePrint Cloud and SW Suite, as well as increased functionality in the AutoCAD plug-in.

HP Unveils HP SitePrint Value Pack 2.0 Upgrade

The software update, Value Pack 2.0, includes new features in the HP SitePrint Cloud and SW Suite, as well as increased functionality in the AutoCAD plug-in.

For guidance during use, the XCA4000 is equipped with a self-developed control system and active safety technology with more than a dozen sensors distributed on the boom.

XCMG Reveals XCA4000 Wheeled Crane with 4,000-ton Lifting Capacity

The wheeled crane features a 4,000-ton lifting capacity, making it a solution for installing wind turbines exceeding 10 MW.

Rick Penkert, MEC Aerial Work Platforms

MEC Hires Rick Penkert as National Account Manager

With an extensive background in sales and account management, Rick Penkert will be responsible for overseeing and nurturing relationships with key accounts across North America.