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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Toromont Industries
Toromont Industries (TIH) investor relations material
Toromont Industries Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary3 Nov, 2026
Executive summary
Q3 revenue rose 26% YoY to $1.652B, gross margin expanded 240 bps to 29.1%, operating income increased 46% to $279.3M, and net earnings rose 37% to $192.1M.
Higher equipment deliveries, power systems, rental activity and product support drove growth; bookings rose 50% and backlog reached $2.9B, up from $1.3B a year earlier.
Financial highlights
9M revenue increased 18% to $4.478B and operating income rose 43% to $664.7M; net earnings grew 21% to $409.3M.
Q3 basic EPS was $2.35, up 36%; 9M basic EPS was $5.02, up 20%. Excluding AVL purchase commitment expenses and acquisition-related intangible amortization, EPS rose 28% in Q3 and 30% for 9M.
9M gross margin rose 270 bps to 27.4%; Equipment Group gross margin increased 320 bps in Q3 and 330 bps YTD.
Q3 SG&A rose $41.2M, or 30%; comparisons included a $13.7M pre-tax property-disposition gain in Q3 2025.
Outlook and guidance
Backlog supports visibility into Q4 2026 and 2027; ~70% of Equipment Group backlog and ~65% of CIMCO backlog are expected to convert over the next 12 months, subject to timing and supply conditions.
A previously announced $1.0B power systems order is scheduled for delivery substantially in 2027.
AVL’s Waterdown facility is expected to begin production in Q3 2027, with a non-linear ramp and costs preceding revenue; rental fleet investment is expected to increase in 2027.
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Latest events from Toromont Industries
- FY earnings rose, while Q4 margin pressure tempered growth.TIH
Q4 2023 - Q2 revenue up 16%, operating income up 41%, and backlog doubled to $2.9B.TIHQ2 2026
- Q1 2026 saw strong revenue, earnings, and backlog growth, driven by Equipment Group and AVL.TIHQ1 2026
- Q4 revenue and backlog grew, AVL ramped up, and dividend increased amid economic uncertainty.TIHQ4 2025
- Revenue up 14% but net income down 10% as margins tightened; backlog and liquidity remain strong.TIHQ3 2024
- Q2 revenue up 16%, net income up 2%, and backlog steady at $1.3B with strong liquidity.TIHQ2 2024
- Revenue up 7% but net earnings down 11%; backlog and liquidity remain strong amid uncertainty.TIHQ1 2025
- Majority stake in AVL boosts data center supply chain and growth, with leadership retained.TIHM&A Announcement
- Q4 revenue up 7%, strong backlog, dividend raised, and AVL acquisition completed.TIHQ4 2024
Next Toromont Industries earnings date
Q4 202610 Feb, 2027
Toromont Industries
Next Toromont Industries earnings date
Q4 202610 Feb, 2027
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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.