Toromont Industries Ltd.

Toronto Stock Exchange TIH.TO

Toromont Industries Ltd. Gross Profit for the year ending December 31, 2023: USD 939.27 M

Toromont Industries Ltd. Gross Profit is USD 939.27 M for the year ending December 31, 2023, a 12.32% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • Toromont Industries Ltd. Gross Profit for the year ending December 31, 2022 was USD 836.25 M, a 9.07% change year over year.
  • Toromont Industries Ltd. Gross Profit for the year ending December 31, 2021 was USD 766.70 M, a 16.89% change year over year.
  • Toromont Industries Ltd. Gross Profit for the year ending December 31, 2020 was USD 655.89 M, a -5.92% change year over year.
  • Toromont Industries Ltd. Gross Profit for the year ending December 31, 2019 was USD 697.17 M, a 10.19% change year over year.
Key data
Date Gross Profit Operating Income EBIT EBITDA
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Toronto Stock Exchange: TIH.TO

Toromont Industries Ltd.

CEO Mr. Michael Stanley Howie McMillan C.M.A.
IPO Date Aug. 13, 1996
Location Canada
Headquarters 3131 Highway 7 West
Employees 7,000
Sector Industrials
Industries
Description

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services. This segment serves building, mining, aggregates, public infrastructure, residential construction, power generation, marine, agriculture, forestry, on-highway truck engines, industrial, demolition, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada.

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StockViz Staff

January 16, 2025

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