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Toromont Industries (TIH) investor relations material
Toromont Industries Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 revenue grew 9%, driven by strong equipment deliveries, robust backlog, and the positive impact of the AVL acquisition, despite macroeconomic and trade uncertainty.
Full-year earnings declined modestly due to growth investments, lower net interest income, and non-cash AVL acquisition costs.
Equipment Group and CIMCO both contributed to growth, with CIMCO posting higher revenue and earnings from strong demand and disciplined execution in Canada and the U.S.
The Board increased the quarterly dividend by 7.7% to $0.56 per share, marking the 37th consecutive annual increase.
Strong order intake and closing backlogs in both business segments support a positive outlook.
Financial highlights
Q4 consolidated revenue increased 9% year-over-year to $1,421.9M; full-year revenue rose 4% to $5,202.8M.
Operating income increased 3% in Q4 and 2% for the year to $681.3M; net earnings up 1% in Q4 to $157.2M, down 2% for the year to $496.6M.
Basic EPS was $1.93 in Q4 and $6.11 for the year.
Gross profit margin increased 10 bps in Q4 to 27.3% and 30 bps for the year to 25.4%.
$1.3 billion cash on hand, $453 million in additional liquidity; $150 million debentures redeemed, $300 million new debentures issued.
Outlook and guidance
Focus remains on executing strategic priorities, maintaining operational discipline, and supporting long-term growth.
Strong backlog of $1.5 billion, with 90% expected to be delivered in the next 12 months, positions the company well for 2026.
Monitoring trade negotiations, FX volatility, inflation, interest rates, and geopolitical trends; proactive mitigation plans in place.
Technician hiring and investment in people and capabilities remain key priorities.
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