Tornado Infrastructure Equipment (TGH) investor relations material

Executive summary

• Acquired Custom Vacuum Services Ltd. for $28 million, expanding product offerings and expected to be immediately accretive.

• Q2/2025 net income per share (diluted) rose 5.6% year-over-year to $0.019; net income increased 6.7% to $2,680 thousand.

• Revenue grew 30.7% year-over-year to $44,985 thousand, driven by higher hydrovac truck sales, new product agreements, and CustomVac contribution.

• Gross profit increased 44.5% to $9,010 thousand, reflecting improved efficiency and supply chain advantages.

Financial highlights

• EBITDAS per share (diluted) up 39.3% year-over-year to $0.039; EBITDAS up 48.6% to $5,614 thousand.

• Selling and general administrative expenses rose 33.2% to $3,396 thousand, mainly due to higher employee, sales, travel costs, and CustomVac integration.

• Six-month revenue reached $80,634 thousand, up from $68,327 thousand year-over-year.

• Six-month net income was $5,526 thousand, up from $4,938 thousand year-over-year.

Outlook and guidance

• Management expects continued growth in production, sales, and profitability for 2025, supported by infrastructure spending and CustomVac acquisition.

• Anticipates increased revenues from U.S. partner Custom Truck and expanded product offerings.

• New Red Deer production facility to be operational in Q4/2025, boosting capacity and efficiency.

• Strategy includes new product lines via internal development and acquisitions.

• Expects benefits from strong USD on U.S. sales and improved dealer relationships.