Toromont Industries Ltd.

Toronto Stock Exchange TIH.TO

Toromont Industries Ltd. Gross Profit Margin for the year ending December 31, 2023: 26.93%

Toromont Industries Ltd. Gross Profit Margin is 26.93% for the year ending December 31, 2023, a 0.52% change year over year. Gross Profit Ratio is the ratio of gross profit to net sales, indicating the percentage of revenue that exceeds the cost of goods sold and reflects the efficiency of a company in managing its production or procurement and sales.
  • Toromont Industries Ltd. Gross Profit Margin for the year ending December 31, 2022 was 26.79%, a 7.38% change year over year.
  • Toromont Industries Ltd. Gross Profit Margin for the year ending December 31, 2021 was 24.95%, a 3.87% change year over year.
  • Toromont Industries Ltd. Gross Profit Margin for the year ending December 31, 2020 was 24.02%, a -2.47% change year over year.
  • Toromont Industries Ltd. Gross Profit Margin for the year ending December 31, 2019 was 24.63%, a -0.03% change year over year.
Key data
Date Gross Profit Margin Operating Income Margin EBT Margin Net Income Margin
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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 15, 2025

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