Stock Profile: Finning International Symbol: FTT (TSE)

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Stats as of 5/11/01

• H/L Ratio: 1.73 • RS: 80.8 • Shares: 75,436,401 • P/E: 16.44 • Price: $16.60

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Finning International is one of the largest distributors in the world for products from Caterpillar Inc., the maker of heavy industrial equipment such as bulldozers, tractors, and graders.

The Vancouver-based company is international in scope with Finning Canada serving Western Canada, and Finning UK and Finning Chile serving their respective countries. The company also markets used equipment and parts internationally through the three international branches and through its subsidiary, Universal Machinery Services.

Although the company is primarily a distribution and service agent for Caterpillar, Finning Canada also handles products from a number of other suppliers in industrial equipment arena, including John Henry rock drills, Svedala drills, LeRoi/CompAir compressors, JLG aerial work platforms and logging equipment from Risley, Thunderbird and Wagner.

In late 2000 the company launched an e-business initiative which includes Finning Auctions, the leading used heavy equipment auction site. The company also has a strategic alliance with GSNet, the heavy equipment auction site that is part of the Traders.com international network of websites.

The used equipment market already makes up $300 million of the company's $2.2 billion in annual sales and Finning sees it as integral to its growth strategy.

The company's earnings are seeing steady improvement as the company streamlines operations and pushes for growth. Finning was a recommended stock pick of The Successful Investor newsletter in July 2000.

Quarterly Earnings per Share

Annual Earnings per Share