Finning International Inc.

Finning International Inc.

December 11, 2007 12:10 ET

Finning Reaffirms Earnings Guidance for 2007 and Sets Earnings Guidance for 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2007) - Finning International Inc. ("Finning") (TSX:FTT), today announced that it is reaffirming its earnings guidance for 2007 and is establishing its earnings guidance for fiscal 2008.

2007 Earnings Guidance - Finning reaffirmed that its basic earnings per share, from continuing operations, is expected to be between $1.48 and $1.60 for the fiscal year-ended December 31, 2007. This amount is consistent with the most recent guidance range provided by Finning on November 13, 2007.

2008 Earnings Guidance - The outlook for the Company for 2008 remains very positive. Finning is announcing that its consolidated revenue is expected to increase by 7% - 9% and basic earnings per share from continuing operations is expected to be between $1.70 and $1.80 for the fiscal year-ended December 31, 2008. Free cash flow, before dividends, and before the expenditure for the acquisition of Collicutt Energy Services Ltd. is expected to improve to a range of approximately $100 - $120 million in 2008.

"2007 is finishing up to be another very strong year for Finning, and we expect that 2008 will be very successful as well," said Doug Whitehead, President and Chief Executive Officer of Finning International Inc. "Our Canadian and South American operations will once again lead the way in 2008 and we expect our U.K. operations to have an improved performance as well."

This release contains forward-looking statements and information, which reflect the current view of Finning International Inc. with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and Finning's actual results of operations could differ materially from historical results or current expectations. Finning assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein do not materialize.

Refer to Finning's annual report, management information circular, annual information form and other filings with the Ontario Securities Commission and Toronto Stock Exchange for further information on risks and uncertainties that could cause actual results to differ materially from forward-looking statements contained in this report.

Finning International Inc. is the world's largest Caterpillar equipment dealer. The Company sells, rents, finances and provides customer support services for Caterpillar equipment and engines in Western Canada, the U.K., and South America (Argentina, Bolivia, Chile and Uruguay). Finning also owns Hewden, the largest equipment rental business in the U.K. Headquartered in Vancouver, British Columbia, Canada, Finning International Inc. is a widely held, publicly traded corporation, listed on the Toronto Stock Exchange (symbol FTT). For additional information please visit our website at

Contact Information