Canada's Toromont Q4 revenue beats estimates

Toromont Industries

10/02/2026 22:50

Overview

Canada equipment dealer's Q4 revenue rose 9%, beating analyst expectations

Net earnings for Q4 increased 1% yr/yr

Outlook

Toromont increases quarterly dividend by 7.7% to 56 cents per share

Company focuses on long-term performance amid macroeconomic and trade uncertainty

Result Drivers

EQUIPMENT GROUP PERFORMANCE - Strong activity in rentals, product support, and new equipment deliveries in power systems, despite lower mining deliveries

CIMCO GROWTH - Higher revenue and earnings driven by demand and execution in Canada and the US

AVL ACQUISITION IMPACT - Acquisition contributed to revenue growth but also led to short-term non-cash costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$1.42 bln
C$1.38 bln (8 Analysts)
Q4 Net Income
C$157.20 mln
Q4 Basic EPS
C$1.93
Q4 Operating Income
C$218 mln
Q4 Operating Margin
15.3%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for Toromont Industries Ltd is C$180.00, about 1.8% below its February 10 closing price of C$183.25

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nCNWxQ7zka

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)