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Toromont Industries (TSE:TIH)
TSX:TIH
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.51Last Year’s EPS
1.64Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 2.43%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
Despite a strong revenue growth and healthy backlog, the company faced challenges with declining product support revenue, lower gross margins, and decreased bookings. The acquisition of AVL is a positive strategic move, but overall, profitability was impacted by the economic environment and business mix.Company Guidance
During the Toromont Industries Limited First Quarter 2025 Results Conference Call, several key metrics were discussed. Consolidated revenue grew by 7%, with both the Equipment Group and CIMCO showing increases. The Equipment Group saw a 17% rise in equipment sales, driven by a 24% increase in new equipment sales, despite a 21% decline in used equipment sales. Rental revenue increased by 11%, although utilization levels were lower than the previous year. The company maintained a healthy backlog of $1.3 billion, although bookings decreased by 12% due to economic uncertainty. Operating income for the quarter decreased by 8%, and net earnings fell by 11% compared to the previous year. Toromont's balance sheet remained strong, with ample liquidity, including $977 million in cash and $456 million available on credit facilities. The company issued $300 million in senior debentures and maintained a negative net debt to total capitalization ratio of 1%. Return on equity was slightly above the target at 18.5%, and return on capital employed was 24.1%. The Board approved a quarterly dividend of $0.52 per share, reflecting the company's commitment to shareholder returns.Consolidated Revenue Growth
Consolidated revenue grew by 7% overall, with growth in both the Equipment Group and CIMCO segments.
Strong Performance in CIMCO
CIMCO demonstrated strong revenue and bottom-line improvements, with package revenue up 15% and product support revenue up 5%.
Healthy Backlog Levels
Backlog remains healthy at $1.3 billion, with CIMCO backlog up 8% year-over-year.
AVL Acquisition
Acquired 60% ownership interest in AVL Manufacturing Inc., expected to be accretive to results, and has a strong delivery schedule over the next two years.
Strong Financial Position
Ended the first quarter with ample liquidity, including $977 million in cash and an additional $456 million available on existing credit facilities.
Dividend Announcement
Board of Directors approved a regular quarterly dividend of $0.52 per share payable on July 3, 2025.
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
TSE:TIH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | C$116.13 | C$110.88 | -4.52% |
Feb 11, 2025 | C$116.32 | C$120.22 | +3.35% |
Nov 04, 2024 | C$121.10 | C$117.46 | -3.01% |
Jul 30, 2024 | C$123.65 | C$126.22 | +2.08% |
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.
FAQ
When does Toromont Industries (TSE:TIH) report earnings?
Toromont Industries (TSE:TIH) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Toromont Industries (TSE:TIH) earnings time?
Toromont Industries (TSE:TIH) earnings time is at Jul 23, 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 (Q2) is 1.51.