0735 ET - Finning International's Canada business may be able to get away without major bruises from tariffs, according to Cherilyn Radbourne of TD Cowen in a report. She says the Caterpillar dealer's Canadian segment is about 50% of the company's revenue, and a weaker Canadian dollar should boost the translation of earnings from its South America, U.K. and Ireland markets. Radbourne notes that heavy equipment was excluded from the first round of retaliatory tariffs drawn up by Canada, but Finning/Caterpillar are contingency planning for an inclusion scenario. The analyst says that Finning views a 10% tariff as likely manageable for the Canadian energy sector, but a 25% would be more problematic. Finning is the largest Caterpillar dealer in the world, according to TD Cowen. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 07:36 ET (12:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。