Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Toromont Industries ( (TSE:TIH) ) has shared an announcement.
Toromont Industries Ltd. has reported its financial results for the fourth quarter and full year of 2024, indicating a 7% increase in quarterly revenue and a 9% rise in annual revenue compared to the previous year. Despite facing challenges in the residential sector and rental markets, the company managed to improve equipment deliveries and maintain a strong financial position, leading to an 8.3% increase in its quarterly dividend, marking the 36th consecutive year of dividend growth.
More about Toromont Industries
Toromont Industries Ltd. operates in the equipment industry, primarily focusing on construction and mining equipment. The company is also involved in the refrigeration sector through its CIMCO division, catering to various markets with a strong emphasis on building partnerships with suppliers and customers.
YTD Price Performance: 4.61%
Average Trading Volume: 176,054
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$9.48B
For a thorough assessment of TIH stock, go to TipRanks’ Stock Analysis page.
