Finning International reported Q3 2025 revenue of C$2.8 billion, up 14 percent year over year, with product support up 9 percent and total equipment backlog at C$2.9 billion as of September 30. Management also flagged a nearly C$1 billion Power Systems backlog, consistent with the second quarter and up from September 2024, providing multi‑year delivery visibility.
Mining and energy customers remained the core demand drivers, while data centre orders contributed to activity in select markets. Delivery cadence and cost control lifted EBIT to C$240 million and EPS to C$1.17. The company released results on November 11, 2025.
Mining and data centres underpin demand
Across regions, Finning pointed to sustained mining rebuilds and new equipment deliveries, and highlighted data centre projects in South America. The quarter included multiple data centre project deliveries in Chile, underscoring a growing opportunity set for standby and prime power packages.
In Canada, the UK and Ireland, management described steady oil and gas power activity and strong quoting tied to primary and backup generation for data centres.
“These results reflect the strength and advantage of our diverse business, while the construction market continues to face challenges, demand in the mining and power systems sectors remains strong,” said Kevin Parkes, President and CEO. The company cited these end‑market trends while maintaining a cautious view on construction.
Product support expands earnings resilience
Finning’s earnings mix continued to tilt toward services. Product support reached C$1.52 billion in the quarter and, on a trailing 12‑month basis, total product support revenue was about C$5.8 billion across regions. Within Power Systems, trailing 12‑month revenue rose 5 percent, with product support up 7 percent as the installed base grows.
“Product support continued its steady growth to over C$1.5 billion this quarter and new equipment revenue reached a quarterly record of over C$1.0 billion,” said Parkes.
Backlog composition strengthens visibility
The C$2.9 billion equipment backlog included strong Canadian order intake and a higher share of Power Systems. Management noted that the Power Systems backlog was nearly C$1 billion at the end of September, reflecting prime power, oil and gas packages, and data centre standby sets scheduled through 2027. That level broadly sustained the second quarter, when the company disclosed more than C$1.0 billion of Power Systems orders within a record C$3.0 billion backlog.
Finning also indicated backlog diversification of roughly 45 percent mining, 35 percent power systems, and 20 percent construction, spreading delivery risk across cycles. Taken together, these orders provide visibility through uneven construction conditions.