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  5. TIH: Your comments on their recent numbers please. [Toromont Industries Ltd.]
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Q: Your comments on their recent numbers please.
Thx
Asked by Bill on May 01, 2025
5i Research Answer:

EPS of 91c missed estimates of $1.05; revenue of $1.09B was marginally higher than estimates. EBITDA of $161.7M missed estimates by 4%. Revenue rose 7%, but net earnigs fell 11%. Business mix and lower interest income hurt the results. Margins were lower in the equipment group. Bookings decreased by 12%. Backlog dipped $100M to $1.3B. $25.2M in shares were bought and cancelled. Not great results, but not really a disaster, considering economic/tariff uncertainty. The stock is now down 1% YTD and the drop today we think reflects the situation.