Toromont Industries Ltd. (T:TIH)
Business Focus: Heavy Machinery & Vehicles Wholesale
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| Company Contact | |
| Address: | 3131 Highway 7 West, P.O. Box 5511 CONCORD ON L4K 1B7 |
| Tel: | 1-416-6675511 |
| Website: | www.toromont.com |
| IR: | See website |
| Key People | ||
| Michael S. Mcmillan President, Chief Executive Officer, Director | John Doolittle Chief Financial Officer, Executive Vice President | Miles Gregg President - Toromont Cat Construction Division |
| Jennifer J. Cochrane Vice President - Finance | Michael P. Cuddy Vice President, Chief Information Officer | Lynn M. Korbak General Counsel, Corporate Secretary | Joel Couture Chief Operating Officer of Toromont Cat |
| Business Overview |
| Toromont Industries Ltd. is a Canada-based company, which serves the specialized equipment and lifetime product support needs of thousands of customers in diverse industries from roadbuilding to mining and telecommunications to food and beverage processing. The Company operates through two business segments: the Equipment Group and CIMCO. The Equipment Group segment includes a Caterpillar dealership by revenue and geographic territory, spanning the Canadian provinces of Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Quebec, Ontario and Manitoba, in addition to various territory of Nunavut. The segment includes rental operations and a complementary material handling business. CIMCO segment is engaged in the designing, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. |
| Financial Overview |
| For the three months ended 31 March 2024, Toromont Industries Ltd revenues decreased 3% to C$1.02B. Net income before extraordinary items decreased 13% to C$83.9M. Revenues reflect Equipment Group segment decrease of 3% to C$928.1M. Net income also reflects Equipment Group segment income decrease of 20% to C$98.8M. Dividend per share increased from C$0.39 to C$0.43. |
| Employees: | 6,800 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $9,790M as of Mar 31, 2024 |
| Annual revenue (TTM): | $4,592M as of Mar 31, 2024 |
| EBITDA (TTM): | $871.23M as of Mar 31, 2024 |
| Net annual income (TTM): | $516.91M as of Mar 31, 2024 |
| Free cash flow (TTM): | $325.70M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 82,213,286 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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