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Toromont Industries (TIH) investor relations material
Toromont Industries Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary31 Oct, 2025
Executive summary
Net income rose 7% in Q3, driven by a $13.7M property sale and AVL acquisition, despite macroeconomic and trade challenges and lower net interest income.
Q3 revenue declined 2% year-over-year, with Equipment Group down 4% and CIMCO up 22%.
Bookings surged 47% year-over-year, and backlog reached $1.3B, up from $1.1B, supported by strong new order intake and AVL's contribution.
Financial position remains robust, with ample liquidity and continued focus on safe operations and long-term growth.
Market conditions remain uncertain, with mixed end market activity and customer purchasing decisions.
Financial highlights
Net income increased 7% ($140.6M) in Q3 year-over-year; basic EPS was $1.73 for the quarter and $4.18 year-to-date.
Consolidated revenue decreased 2% in Q3; Equipment Group revenue down 4%, CIMCO up 22%.
Operating income up 8% in Q3 to $189.5M; excluding property gain, up 1% year-over-year.
Gross profit margin for Q3 improved to 26.7%, up 250 bps year-over-year.
Free cash flow was strong at ~$250M in Q3, driven by inventory management.
Outlook and guidance
Focus remains on executing strategic priorities, maintaining operational discipline, and supporting long-term growth.
Backlog of $1.3B, up 17% year-over-year, with 80% expected to be delivered in the next 12 months, subject to timing.
AVL acquisition is tracking to plan, with modest near-term earnings due to non-cash adjustments; Charlotte facility ramping up through 2026.
No unusual seasonality expected for Q4; normalization anticipated.
Business environment expected to be influenced by trade negotiations, inflation, interest rates, FX, and geopolitical factors.
How did AVL acquisition affect Q3 operating margin?
Mitigate mining segment revenue variability?
What is the organic Equipment Group backlog trend?
AVL's operational profitability outlook?
Construction infrastructure investment timing?
CIMCO's growth drivers and sustainability?
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Next Toromont Industries earnings date
Q4 202513 Feb, 2026
Next Toromont Industries earnings date
Q4 202513 Feb, 2026
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Frequently asked questions
Toromont Industries Ltd. provides specialized capital equipment for the infrastructure, energy, and resources sectors in Canada, the United States, Chile, Colombia and Mexico. The company offers concrete manufacturing equipment; asphalt paving machines; Roadtec modular road-building system; a range of paving and asphalt maintenance machines; bridge construction equipment; aggregate handling equipment; forestry products manufacturing systems and materials processing equipment. The company is based in Canada with additional locations across North America and in South America.
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