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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
Tel: N/A
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: $9,953M 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: 82,297,341 as of Jan 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization