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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
Tel: N/A
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