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Toromont Industries Ltd. (TSE:TIH)
:TIH
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.72Last Year’s EPS
1.86Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -5.66%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and strategic acquisitions, contributing to a strong financial position and healthy backlog. However, these positives were balanced by a decrease in net income, lower gross profit margins, and challenges in product support, especially in the U.S.Company Guidance
The earnings call for Toromont Industries Limited provided detailed guidance for their third quarter of 2024, emphasizing various financial metrics. Revenue experienced a 14% increase compared to Q3 2023, although net income dropped by 10%. The Equipment Group reported solid new equipment deliveries, with a notable 118% increase in mining equipment revenue, while used equipment sales declined. Investment in non-cash working capital rose 29% year-over-year, primarily due to elevated inventory levels and accounts receivable linked to higher new equipment sales. Gross profit margins were impacted by a sales mix shift, leading to an operating income decrease of 9% for the quarter. The company ended the quarter with $671 million in cash and a net debt to total capitalization ratio of negative 1%, underlining a robust financial position. Toromont also highlighted a continued focus on long-term investment strategies, including technician workforce expansion to support product support activities, which grew by 1% in the quarter. The Board approved a quarterly dividend of $0.48 per share, reflecting their commitment to returning value to shareholders.Acquisition of Tri-City Equipment Rentals
Toromont Industries completed the acquisition of Tri-City Equipment Rentals, expanding Toromont Cat's heavy rents business in Southwestern Ontario, aligning with the positive long-term view of the rental market.
Revenue Growth
The company reported a 14% increase in revenue for Q3 2024, driven by good growth in revenue across most market segments and continued execution against a strong order backlog.
Healthy Backlog and Bookings
Backlog remains healthy at $1.1 billion at the end of September, with bookings increasing 4% in Q3 and 11% in the Equipment Group year-to-date.
Strong Financial Position
The company ended Q3 with cash of $671 million and an additional $461 million available under existing credit facilities. The net debt to total capitalization ratio was negative 1%.
Dividend Announcement
The Board of Directors approved a regular quarterly dividend of $0.48 per share payable on January 6, 2025.
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TSE:TIH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TIH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | C$122.18 | C$118.50 | -3.01% |
| Jul 30, 2024 | C$124.75 | C$127.34 | +2.08% |
| May 01, 2024 | C$123.78 | C$121.22 | -2.07% |
| Feb 13, 2024 | C$117.84 | C$115.45 | -2.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Toromont Industries Ltd. (TSE:TIH) report earnings?
Toromont Industries Ltd. (TSE:TIH) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Toromont Industries Ltd. (TSE:TIH) earnings time?
Toromont Industries Ltd. (TSE:TIH) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TIH EPS forecast?
TSE:TIH EPS forecast for the fiscal quarter 2024 (Q4) is 1.72.
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