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Toromont Industries Ltd. (TSE:TIH)
:TIH
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.05Last Year’s EPS
1.01Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 4.87%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with strengths in liquidity, dividend growth, and CIMCO's strong performance. However, challenges remain with decreased returns, economic uncertainties, and increased expenses. The acquisition of AVL is a strategic highlight but does not offset macroeconomic concerns.Company Guidance
During the Toromont Industries Limited 2024 Fourth Quarter and Full Year Results Conference Call, the company provided comprehensive guidance on its financial performance and strategic direction. Key metrics included a 7% increase in consolidated revenue for the fourth quarter and 9% year-to-date, with the Equipment Group and CIMCO both contributing to this growth. Investment in non-cash working capital rose by 32%, driven by higher inventory levels. The company's net debt to total capitalization ratio was at a favorable negative 9%, with ample liquidity reflected in $891 million cash and $459 million available under credit facilities. Return on equity was reported at 19.2%, a decrease from the previous year's 23.1%, while return on capital employed stood at 25.7%. Toromont also increased its quarterly dividend by $0.04 per share, marking its 36th consecutive year of dividend increases. The backlog was reported at a healthy $1.1 billion, though slightly down from $1.2 billion last year. The company highlighted its strategic acquisition of a 60% stake in AVL Manufacturing, Inc., aiming for long-term growth through organic initiatives and disciplined capital allocation.Strong Financial Position
Ended the year with ample liquidity including cash of $891 million and an additional $459 million available under existing credit facilities. Net debt to total capitalization ratio was negative 9%.
Dividend Increase
The board of directors increased the quarterly dividend by $0.04 per share or 8.3% to $0.52 per share, marking the 36th consecutive year of dividend increases.
CIMCO Performance
CIMCO revenue increased 16% year-to-date with operating income up 35%. Backlog increased by 34% with strong growth in recreational and industrial markets.
AVL Acquisition
Acquired a 60% ownership of AVL Manufacturing, a leader in power generation enclosures, expected to be accretive and aligned with long-term growth strategies.
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TSE:TIH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TIH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | C$117.35 | C$121.29 | +3.36% |
| Nov 04, 2024 | C$122.18 | C$118.50 | -3.01% |
| Jul 30, 2024 | C$124.75 | C$127.34 | +2.08% |
| May 01, 2024 | C$123.78 | C$121.22 | -2.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Toromont Industries Ltd. (TSE:TIH) report earnings?
Toromont Industries Ltd. (TSE:TIH) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Toromont Industries Ltd. (TSE:TIH) earnings time?
Toromont Industries Ltd. (TSE:TIH) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TIH EPS forecast?
TSE:TIH EPS forecast for the fiscal quarter 2025 (Q1) is 1.05.
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