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An update from Toromont Industries ( (TSE:TIH) ) is now available.
Toromont Industries Ltd. reported a slight increase in revenue for the second quarter of 2025, driven by strong performance in the Equipment Group and CIMCO divisions. Despite a 1% revenue increase, net earnings fell by 8% due to higher expenses and reduced interest income. The company continues to face challenges in the mining segment but sees growth in construction and power. The acquisition of AVL Manufacturing has contributed to the order backlog, and the company is investing in workforce expansion to support future growth.
The most recent analyst rating on (TSE:TIH) stock is a Hold with a C$122.00 price target. To see the full list of analyst forecasts on Toromont Industries stock, see the TSE:TIH Stock Forecast page.
Spark’s Take on TSE:TIH Stock
According to Spark, TipRanks’ AI Analyst, TSE:TIH is a Outperform.
Toromont Industries exhibits strong financial performance with effective cost management and solid cash flow operations. The earnings call provided insights into strategic growth areas, though profitability challenges were noted. Technical indicators suggest a bullish trend, albeit with overbought risks. Valuation metrics are moderate, balancing income appeal with fair pricing.
To see Spark’s full report on TSE:TIH stock, click here.
More about Toromont Industries
Toromont Industries Ltd. operates in the industrial equipment sector, providing a range of products and services including equipment sales, rentals, and product support. The company focuses on sectors such as construction, power, and mining, with operations in both Canada and the US.
Average Trading Volume: 144,632
Technical Sentiment Signal: Buy
Current Market Cap: C$10.75B
Learn more about TIH stock on TipRanks’ Stock Analysis page.