FINGF - Finning International Non-GAAP EPS of $0.89 revenue of $2.37B beats by $790M
- Finning International ( OTCPK:FINGF ): Q4 Non-GAAP EPS of $0.89.
- Revenue of $2.37B (+33.9% Y/Y) beats by $790M .
- We are reducing our capital expenditures budget in 2023 with a higher proportion allocated to reinvestment in rental fleet and strategic investments in electric drive mining trucks for demonstration purposes. Our 2023 net capital expenditures and net rental fleet additions are expected to be in the range of $190 million to $240 million, which represents about 25% reduction from 2022. In 2023, we will be placing a higher priority on debt repayment and reduction in our net debt to Adjusted EBITDA ratio.
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Finning International Non-GAAP EPS of $0.89, revenue of $2.37B beats by $790M