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Tornado Global Hydrovacs ( (TSE:TGH) ) has shared an update.
Tornado Infrastructure Equipment Ltd. has launched Tornado Equipment Finance Ltd. to offer financing and leasing solutions, enhancing access to their hydrovac trucks and infrastructure equipment for Canadian customers. The initiative aims to generate additional revenue and bolster Tornado’s position as a full-service provider. In their Q4/2024 business update, Tornado reported record sales and production of hydrovac trucks, overcoming a temporary slowdown due to strategic initiatives like a new product line and manufacturing expansion. Additionally, Tornado is implementing tariff mitigation strategies to address potential impacts from upcoming tariffs on Canadian imports, including offering backend-only units to U.S. customers.
More about Tornado Global Hydrovacs
Tornado Infrastructure Equipment Ltd. operates in the infrastructure equipment sector, specializing in the manufacture and sale of hydrovac trucks and related equipment. The company focuses on providing innovative solutions to enhance customer accessibility and strengthen relationships, primarily within the Canadian market.
YTD Price Performance: -7.55%
Average Trading Volume: 223,664
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$134.8M
Find detailed analytics on TGH stock on TipRanks’ Stock Analysis page.