Toromont Industries Ltd. (T:TIH)
Business Focus: Heavy Machinery & Vehicles Wholesale
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| Company Contact | |
| Address: | 3131 Highway 7 West, P.O. Box 5511 CONCORD ON L4K 1B7 |
| Tel: | N/A |
| Website: | www.toromont.com |
| IR: | See website |
| Key People | ||
| Michael S. Mcmillan President, Chief Executive Officer, Director | John Doolittle Chief Financial Officer, Executive Vice President | Miles Gregg President - Toromont Cat Construction Division |
| William Harvey President - Toromont Cat Mining Division | 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 serves the specialized equipment and lifetime product support needs of thousands of customers in diverse industries from roadbuilding to mining and telecommunications to food and beverage processing. The Company operates through two business segments: the Equipment Group and CIMCO. The Equipment Group segment includes a Caterpillar dealership by revenue and geographic territory, spanning the Canadian provinces of Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Quebec, Ontario and Manitoba, in addition to various territory of Nunavut. The segment includes rental operations and a complementary material handling business. CIMCO segment is engaged in the designing, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Toromont Industries Ltd revenues increased 12% to C$4.62B. Net income before extraordinary items increased 18% to C$529.1M. Revenues reflect Equipment Group segment increase of 9% to C$4.23B, CIMCO segment increase of 13% to C$397.2M, Canada segment increase of 9% to C$4.48B, United States segment increase of 25% to C$137.5M. |
| Employees: | 6,800 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $10,267M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,637M as of Dec 31, 2023 |
| EBITDA (TTM): | $886.55M as of Dec 31, 2023 |
| Net annual income (TTM): | $528.99M as of Dec 31, 2023 |
| Free cash flow (TTM): | $102.76M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 82,213,286 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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