Earnings Call Summary | FINNING INTERNATIONAL INC(FINGF.US) Q1 2024 Earnings Conference
Earnings Call Summary | FINNING INTERNATIONAL INC(FINGF.US) Q1 2024 Earnings Conference
The following is a summary of the Finning International Inc. (FINGF) Q1 2024 Earnings Call Transcript:
以下是芬寧國際公司（FINGF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Finning International reported Q1 2024 net revenue of $2.3bn, an increase of 9% year-on-year, primarily due to new and used equipment sales.
Gross profit as a % of net revenue fell by 260 basis points due to a shift in sales mix.
Selling, General & Administrative expenses reduced by 130 basis points to 17.7% of net revenue.
Product support revenue was down 1% but used equipment sales increased by 48% and new equipment sales grew by 25%.
Earnings per share dropped by 5% mainly due to the shift in the mix to new and used equipment and lower margins.
芬寧國際報告稱，2024年第一季度淨收入爲23億美元，同比增長9％，這主要是由於新設備和二手設備的銷售。
由於銷售結構的變化，毛利佔淨收入的百分比下降了260個點子。
銷售、一般和管理費用減少了130個點子，至淨收入的17.7％。
產品支持收入下降了1％，但二手設備銷售增長了48％，新設備銷售增長了25％。
每股收益下降了5％，這主要是由於組合向新設備和二手設備轉移以及利潤率降低。
Business Progress:
業務進展：
Robust demand in mining and power systems contributed to growth.
The company has launched FusEd Equipment, a platform specializing in selling used equipment globally.
Power system sales grew 37% year-on-year, and $700m of new equipment orders were secured for delivery in H2 2024.
Growth opportunities are being pursued in Chile, Canada, and the U.K. & Ireland.
An increased dividend shows commitment to returning capital to shareholders.
Finning plans to publish its 2023 sustainability report and continues to aim for improved safety, emission reduction, and customer support for decarbonization goals.
The company anticipates moderate order reduction due to improved availability of certain product lines and plans to unlock $450m of capital in H2 through inventory reduction and warehouse automation.
Through continuous evolution in the used equipment division and optimistic projections for the oil sands market, Finning demonstrates its strategic focus on business growth and resilience.
對採礦和電力系統的強勁需求促進了增長。
該公司推出了Fused Equipment，這是一個專門在全球銷售二手設備的平台。
電力系統銷售額同比增長37％，7億美元的新設備訂單已確保在2024年下半年交付。
智利、加拿大以及英國和愛爾蘭正在尋求增長機會。
增加股息表明了對向股東返還資本的承諾。
芬寧計劃發佈其2023年可持續發展報告，並繼續致力於提高安全性、減少排放和客戶支持，以實現脫碳目標。
該公司預計，由於某些產品線的可用性提高，訂單將適度減少，並計劃通過減少庫存和倉庫自動化在下半年解鎖4.5億美元的資金。
通過二手設備部門的持續發展和對油砂市場的樂觀預測，芬寧展示了其對業務增長和彈性的戰略重點。
More details: FINNING INTERNATIONAL INC IR
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譯文內容由第三人軟體翻譯。