Toromont Industries Ltd. (T:TIH)
Business Focus: Heavy Machinery & Vehicles Wholesale
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 3131 Highway 7 West, P.0. Box 5511 CONCORD ON L4K 5B7 |
| Tel: | N/A |
| Website: | www.toromont.com |
| IR: | See website |
| Key People | ||
| Scott J. Medhurst President, Chief Executive Officer, Director | Michael S. McMillan Chief Financial Officer, Executive Vice President | Randall B. Casson President - Construction Industries/Battlefield Equipment Rentals |
| Paul R. Jewer Executive Vice President | Miles Gregg Senior Vice President, Toromont Cat | Jennifer J. Cochrane Vice President - Finance |
| Michael P. Cuddy Vice President, Chief Information Officer | Lynn M. Korbak General Counsel, Corporate Secretary | |
| Business Overview |
| Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company's Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd. and AgWest Ltd. Its customer base includes infrastructure contractors, residential and commercial contractors, mining companies, forestry companies, pulp and paper producers, general contractors, utilities, municipalities, marine companies, waste handling companies and agricultural enterprises. CIMCO is involved in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems with operations in Canada and the United States. Its customer base consists of companies engaged in all aspects of food and beverage industry, food and beverage processors, and recreational facilities. |
| Financial Overview |
| For the nine months ended 30 September 2020,Toromont Industries Ltd revenues decreased 6% to C$2.49B.Net income decreased 15% to C$166M. Revenues reflectEquipment Group segment decrease of 6% to C$2.27B, CIMCOsegment decrease of 10% to C$217.5M. Net income alsoreflects Equipment Group segment income decrease of 13% toC$231M, CIMCO segment income decrease of 20% to C$14.3M.Dividend per share increased from C$0.77 to C$0.89. |
| Employees: | 6,500 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7,665M as of Sep 30, 2020 |
| Annual revenue (TTM): | $3,512M as of Sep 30, 2020 |
| EBITDA (TTM): | $539.68M as of Sep 30, 2020 |
| Net annual income (TTM): | $256.42M as of Sep 30, 2020 |
| Free cash flow (TTM): | $224.18M as of Sep 30, 2020 |
| Net Debt Last Fiscal Year: | $192.30M as of Sep 30, 2020 |
| Shares outstanding: | 82,474,658 as of Jan 19, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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