Tornado Global Hydrovacs (TSE:TGH) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Tornado Global Hydrovacs Ltd. reported a significant increase in their first quarter 2024 financial results, showing a 200% rise in net income per share compared to the same period in 2023. The company achieved record quarterly sales for the eighth consecutive quarter, driven by a lucrative supply contract with Ditch Witch and strong sales through their exclusive arrangement with Custom Truck One Source. Despite higher costs in some areas, overall revenue and gross profit saw substantial growth.
For further insights into TSE:TGH stock, check out TipRanks’ Stock Analysis page.