Toromont Industries Ltd. (TSE:TIH) has released an update.
Toromont Industries Ltd. reports a dip in its first quarter revenue and earnings for 2024 compared to the previous year, attributing the change to a shift towards more normalized market conditions. While equipment deliveries faced delays leading to a decrease in revenue, the company saw solid activity with strong bookings and backlog, alongside an improvement in CIMCO’s performance. Despite these challenges, Toromont emphasizes its commitment to long-term strategies and customer-focused solutions.
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