Operating income is often used interchangeably with the acronym EBIT, which stands for earnings before interest and tax, and that is the reason EBIT margin is often referred to as operating margin.

Finning International Inc. (TSX: FTT) (“Finning”, the “Company”, “we”, “our” or “us”) reported first quarter 2025 results today. All monetary amounts are in Canadian dollars unless otherwise stated.

EBIT margin used to be around 2% to 3% before FY 2020. Because of impairment headwinds, HF Foods ended up posting a net loss of $48.5 million, a year-over-year decline of at least $46.3 million.