* Q4 EPS C$0.10, vs year ago loss C$0.62
* Analysts had expected EPS C$0.15 before items
* Order backlog down 60 pct
* Revenue down 28 percent
CALGARY, Alberta, Feb 23 (Reuters) - Finning International Inc (FTT.TO), the world’s largest Caterpillar (CAT.N) equipment dealer, said on Tuesday it returned to fourth-quarter profit after taking a big charge a year earlier.
The Vancouver-based company said net income rose to C$16.4 million ($15.4 million), or 10 Canadian cents per share, from a loss C$106.8 million, or 62 Canadian cents, in the fourth quarter of 2008, which included a restructuring charge of C$151.4 million.
Revenue for the quarter fell 28 percent to C$1.1 billion due to significantly lower new and used equipment sales and rental revenues in all operations.
Analysts, on average, had expected a profit of 15 Canadian cents a share, before items, on revenue of C$1.28 billion according to Thomson Reuters I/B/E/S, however the company did not provide a figure for operating earnings, which exclude most one-time gains and charges.
Finning said its backlog of equipment orders was worth C$600 million at year-end, down 60 percent from C$1.5 billion a year earlier.
The company, which operates in Western Canada, South America and the United Kingdom, reported its results after markets closed. Its shares ended the day down 14 Canadian cents at C$18.05 on the Toronto Stock Exchange.
$1=$1.06 Canadian Reporting by Scott Haggett; editing by Rob Wilson