Toromont Industries Q3 revenue misses estimates

Toromont Industries

30/10/2025 21:11

Overview

Toromont Q3 revenue declined 2% yr/yr, missing analyst expectations

Net earnings for Q3 rose 7% aided by a property sale

CIMCO revenue increased 22% in Q3, driven by strong demand

Outlook

Company focuses on long-term growth through investments in workforce and capabilities

Company monitors economic and political environment, focusing on cost management

Healthy order backlog and strong balance sheet position company well for future

Result Drivers

EQUIPMENT GROUP - Revenue decreased 4% due to lower mining equipment sales

CIMCO GROWTH - Revenue increased 22% driven by strong demand and disciplined execution in Canada and the US

PROPERTY SALE - Net earnings rose due to a property sale, contributing to the 7% increase in net income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
C$1.31 bln
C$1.38 bln (7 Analysts)
Q3 Net Income
C$140.60 mln
Q3 Operating Income
C$189.50 mln
Q3 Operating Income Margin
14.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "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$164.00, about 3.2% above its October 29 closing price of C$158.77

Press Release: ID:nCNWHMSCba

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