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BRIEF-Finning Q3 earnings per share C$0.34

Published 2015-11-12, 07:24 a/m
© Reuters. BRIEF-Finning Q3 earnings per share C$0.34

Nov 12 (Reuters) - Finning International Inc FTT.TO :
* Reports Q3 2015 results; announces global workforce reductions and facilities
optimization in western Canada
* Q3 revenue C$1.5 billion versus I/B/E/S view C$1.65 billion
* Q3 earnings per share C$0.34 excluding items
* Q3 earnings per share C$0.34
* Q3 earnings per share view C$0.41 -- Thomson Reuters I/B/E/S
* Says will exit 11 facilities in western Canada
* Says company's footprint in western Canada will be reduced by over 20% by mid
to late 2016
* Says recent workforce reduction includes approximately 550 people in South
America
* Including recent workforce reduction of 450 people,canadian operations will
have reduced workforce by about 1,100 people in 2015
* Announced additional job cuts of about 1,100 people or 8%, bringing total job
cuts to about 1,900 people or 13% in 2015

* Source text for Eikon ID:nMKW2YL0da

* Further company coverage FTT.TO

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