Finning International Inc (TSX:FTT)
C$ 41.63 0.18 (0.43%) Market Cap: 5.81 Bil Enterprise Value: 8.44 Bil PE Ratio: 11.86 PB Ratio: 2.27 GF Score: 77/100

Q4 2018 Finning International Inc Earnings Call Transcript

Feb 21, 2019 / 04:00PM GMT
Release Date Price: C$24.79 (-4.98%)
Operator

Thank you for standing by. This is the conference operator. Welcome to the Finning International Fourth Quarter 2018 Conference Call and Webcast. (Operator Instructions)

I would now like to turn the conference over to Mauk Breukels, Vice President, Investor Relations and Corporate Affairs. Please go ahead.

Mauk Breukels
Finning International Inc. - VP of IR & Corporate Affairs

(technical difficulty)

L. Scott Thomson
Finning International Inc. - CEO, President & Non-Independent Director

(technical difficulty)

And as a result, we experienced delays in delivering parts and components to mining customers. We estimate this created a USD 50 million shortfall in mining product support revenues in the quarter and a corresponding increase in parts inventory. I want to assure you that this experience is completely different from our ERP implementation in Canada 7 years ago. In South America, our interfaces with Caterpillar are working. And we are receiving and shipping the right parts to our

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot