Finning International
World’s largest caterpillar dealer delivering unrivalled service to customers in mining, construction, power systems.
- Construction
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | $425m | Post IPO Debt |
| Total Funding | 000k | ||
| CAD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 18 % | 27 % | 13 % | 6 % | (8 %) | 2 % | 6 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 12 % | 12 % | 12 % | 11 % | 12 % | 12 % | 12 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 5 % | 5 % | 5 % | 5 % | 5 % | 6 % | 6 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Finning International's journey began in 1933 when Earl B. Finning founded the company in Vancouver, Canada. Initially, it was a small dealership selling Caterpillar tractors. Earl's vision was simple yet ambitious: to provide exceptional service and support to customers in the heavy equipment industry.
Over the decades, Finning International expanded its operations beyond Canada, establishing a significant presence in South America and the United Kingdom. This growth was fueled by strategic acquisitions and a commitment to maintaining strong relationships with Caterpillar, which remains a cornerstone of their business.
A pivotal moment in Finning's history was its public offering on the Toronto Stock Exchange in 1969. This move provided the capital necessary to support further expansion and solidified its status as a major player in the heavy equipment sector.
Throughout its history, Finning has navigated various economic cycles, adapting to changes in the market while continuing to prioritize customer service and innovation. Today, Finning International stands as the world's largest Caterpillar dealer, a testament to its enduring legacy and the foundational principles set by Earl B. Finning.
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