Toromont Industries Ltd

TIH

Equity

ISIN null / Valor 701863

Toronto Stock Exchange (2025-11-21)

CAD 158.98-0.20%

Toromont Industries Ltd
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About company

Toromont Industries Ltd, listed on the Toronto Stock Exchange under the ticker TIH, is a diversified company specializing in the provision of specialized equipment and comprehensive support services across various essential industries. The company stands out in the market through its offering of leading equipment brands and a broad range of services, including parts supply, service solutions, and remanufacturing capabilities. Toromont's success is attributed to its skilled workforce and a business model that emphasizes corporate values and operational discipline. Serving a wide customer base, the company caters to the needs of industries that require high-quality equipment and reliable support throughout the lifecycle of their products, ensuring customer satisfaction and operational efficiency.

Summarized from source with an LLMView SourceSector: Industrials

Revenue & Operating Income

In Q3 2025, Toromont Industries Ltd delivered revenue of $1,314.9 million—a 2% decrease from Q3 2024—while operating income increased by 8% to $189.5 million. Excluding a property sale gain, operating income edged up modestly, reflecting improved gross margins amidst lower revenue and increased expenses.

Net Earnings & EPS

Net earnings rose 7% to $140.6 million in Q3 2025 compared to Q3 2024, driven by a favorable property sale outcome and adjustments related to acquisition accounting. Basic earnings per share increased by 8% to $1.73, underscoring the company’s effective cost management and operational improvements.

Segmented Performance

The Equipment Group experienced a 4% decline in revenue, largely due to lower new equipment sales—especially in mining—offset by gains in power systems, used equipment, and rental revenues. On the other hand, CIMCO reported a strong 22% rise in revenue, buoyed by increased package and product support activities in North America, which contributed to higher operating income in that segment.

Bookings & Backlog

Toromont Industries Ltd saw a robust increase in bookings, with Q3 figures up by 47% compared to the same period last year. Additionally, the consolidated backlog grew from $1.1 billion in Q3 2024 to $1.3 billion in Q3 2025, reflecting healthy new order intake and strong progress on scheduled deliveries.

Summarized from source with an LLMView Source

Key figures

37.0%1Y

56.4%3Y

81.2%5Y

Performance

21.2%1Y

19.6%3Y

20.8%5Y

Volatility