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Tornado Global Hydrovacs ( (TSE:TGH) ) just unveiled an announcement.
Tornado Infrastructure Equipment Ltd. reported a 17.3% increase in net income for Q1 2025 compared to the previous year, driven by higher hydrovac truck sales and improved production efficiency. The company’s acquisition of Custom Vacuum Services Ltd. for $28 million is expected to enhance its market position by expanding its product line and leveraging synergies in sales and supply chain efficiencies. The acquisition is anticipated to be immediately profitable and accretive, with no long-term debt assumed. Additionally, Tornado’s revenue and gross profit saw significant increases due to strategic agreements and favorable market conditions.
The most recent analyst rating on (TSE:TGH) stock is a Buy with a C$1.65 price target. To see the full list of analyst forecasts on Tornado Global Hydrovacs stock, see the TSE:TGH Stock Forecast page.
More about Tornado Global Hydrovacs
Tornado Infrastructure Equipment Ltd. operates in the infrastructure equipment industry, focusing on the manufacturing and servicing of hydrovac trucks and vacuum equipment. The company serves sectors such as oil and gas, utilities, excavation, environmental, and safety, with a market presence in Canada and the United States.
Average Trading Volume: 117,354
Technical Sentiment Signal: Buy
Current Market Cap: C$226.4M
See more insights into TGH stock on TipRanks’ Stock Analysis page.