Toromont keeps powering on

Toromont keeps powering on

In the wake of the COVID-19 pandemic, governments in Canada and elsewhere continue to invest in new public works projects such as roads, mass transit systems and hospitals. Those investments are fuelling strong orders for Toromont’s heavy construction equipment as well as demand for its… Read More

Earnings just jumped 20.1% at Toromont

Earnings just jumped 20.1% at Toromont

A rebound in construction activity in the wake of the COVID-19 pandemic continues to push up earnings at Toromont, a dealer of bulldozers, backhoes and other heavy equipment. Higher sales are also increasing long-term demand for maintenance and repair services.

That’s why this firm’s a top… Read More

Earnings rocketed 24.1% at Toromont Industries Ltd.

Earnings rocketed 24.1% at Toromont Industries Ltd.

Shares of this heavy equipment distributor continue to rebound strongly from March 2020 lows as it rewards investors with higher dividends.

The stock trades at 21.5 times the company’s 2022 earnings forecast.

TOROMONT INDUSTRIES LTD. (Toronto symbol TIH; www.toromont.com) distributes a range of industrial equipment, including Caterpillar… Read More