Finning International last week reaffirmed its earnings guidance for 2007 and established its earnings guidance for fiscal 2008. The Vancouver, B.C.-based Caterpillar dealer reaffirmed its basic earnings per share from continuing operations will be between CD $1.48 and $1.60 (between U.S. $1.45 and $1.57). The amount is consistent with the most recent guidance range provided by Finning last month.
The company’s outlook for 2008 remains positive, expecting its consolidated revenue to increase by 7 percent to 9 percent for 2008, with basic earnings per share to be between CA $1.70 per share and $1.80 per share.
Finning is No. 13 on the RER 100.
