Tornado Global Hydrovacs (TSE:TGH) has released an update.
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Tornado Global Hydrovacs reported a significant 100% increase in net income per share for the third quarter of 2024 compared to the previous year, driven by increased revenue and improved production efficiency. The company saw a 12.4% rise in revenue, bolstered by strategic partnerships and a growing demand for hydrovac trucks in North America. Despite an increase in administrative expenses due to growth-related activities, Tornado remains optimistic about its future growth prospects.
For further insights into TSE:TGH stock, check out TipRanks’ Stock Analysis page.
