Driving Forward Together
Q3 Consolidated Financial Summary
Financial Data in $ million, EPS in $ per share
Bookings Backlog
1,364
431
409
1,216
Q3 Q3 YTD YTD
2022 2023 2022 2023
Operating Income
193.1
165.7
408.7
499.7
Revenues
1,087 1,174
3,395
2,987
Q3 Q3 YTD YTD
2022 2023 2022 2023
EPS (basic)
1.77
1.47
4.56
3.54
Q3 Q3 YTD YTD
2022 2023 2022 2023
Q3 Q3 YTD YTD
2022 2023 2022 2023
•
Bookings -5% in Q3 (YTD +5%) on good demand
Backlog remains healthy at $1.2 billion - Equipment
Group down 16% and CIMCO up 21%
Revenue +8% in Q3 (YTD +14%)
о
› Equipment sales +7% in Q3 (YTD +15%)
• Product Support +9% in Q3 (YTD +13%)
⚫ Rental revenue +11% in Q3 (YTD +8%)
Expenses were +5% in Q3 (YTD +7%)
• Gain on disposition of property YTD $3.5 million (pre-tax)
°
о
о
Higher planned compensation costs & profit sharing accruals on higher
income, partially offset by lower pension expense
Bad debt expenses -$0.6 million (YTD -$4.3M)
Higher DSU MTM adjustments +$1.0M (YTD +$1.9M, versus $3.2M
recovery in 2022)
Operating Income +17% in Q3 & +22% YTD reflecting higher
revenue, higher gross margins and lower relative expenses
Interest Income +$5.0M in Q3 & +$19.8M YTD
Net Earnings +21% in Q3 or $25.1M (YTD +29% to
$375M)
Basic EPS of $1.77 +20% in Q3 (YTD $4.56 +29%) from
continuing operations
TOROMONT
DRIVING FORWARD TOGETHER
ALLER DE L'AVANT ENSEMBLE
AgWest reported as a discontinued operation, disposition reported in Q2 2023.
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