Finning, the world’s largest Caterpillar dealer, posted CDN $3.036 million in the third quarter of 2026 compared to $2.842 billion in the third quarter of 2025, a 6.8-percent increase. Equipment rental revenue in the quarter increased from $79 million in the third quarter of 2025 to $100 million this year, a 26.6-percent increase. New equipment sales totaled $1.162 billion compared to $1.046 billion in the third quarter of 2025, an 11.1-percent hike.

Product support revenue was $1.631 billion compared to $1.517 billion a year ago, a 7.5-percent jump. Used equipment sales dropped from $199 million a year ago to $142 million, a 28-percent decline.

“We delivered another strong quarter of strategic execution, with strong product support revenue and a record $4.1 billion equipment backlog,” said Kevin Parkes, president and CEO, Finning. “Our growing installed base is creating significant opportunities for future product support growth, while disciplined cost and capital management, against rising costs, continues to strengthen the resilience of our business. We are also investing selectively in attractive growth opportunities and capabilities across mining, power and energy, and rental, positioning Finning to deliver sustainable earnings growth over the long term.

“Our continued progress is a direct result of the commitment and execution of our people. I want to thank our employees across Finning for their relentless focus on our customers, disciplined execution and commitment to improving our business every day. Their efforts are strengthening our customer relationships, expanding our capabilities and positioning Finning to capture the opportunities ahead."

In Finning’s Canada operations, new equipment sales rose 55 percent in the quarter, driven by strong mining deliveries. Rental revenue leaped 26 percent from strong construction activity. Product support revenue rose 12 percent, reflecting strong demand across all sectors. In U.K. and Ireland operations new equipment sales were up 8 percent, driven by delivery of equipment to the construction sector. Product support revenue rose 4 percent, from increased activity in construction and power & energy.

In South America, new equipment sales were down 35 percent because of higher deliveries of mining trucks in the previous year. Product support revenue was up 1 percent, driven by higher construction activity, partially offset by lower power & energy activity.

Outlook for Canada in coming year

Finning has a positive outlook for Western Canada.

“We expect strong activity levels in our mining business as customers grow fleets and maintain and rebuild aging equipment,” the company said. “In the power & energy sector, activity remains strong in the oil and gas market, with longer-term potential in the data center market where we secured a major data center contract for backup power, included in the Q3 2026 backlog, and continue active discussions with numerous customers on primary and backup power generation opportunities. We are leveraging the expertise of our UK & Ireland operations with over a decade of experience in the data center space, to become a trusted and value-add partner to our customers.

“The construction sector continues to show signs of improvement. We are encouraged by announcements regarding the potential to accelerate resource development and infrastructure project activity, but we remain cautious with respect to the timing and magnitude of such potential activity. We remain focused on building resilience by managing our cost and invested capital levels.”

Headquartered in Surrey, British Columbia, Finning sells and rents Caterpillar equipment, and provides parts, service and performance solutions in Western Canada, Chile, Argentina, Bolivia, the United Kingdom, and Ireland.