194.59
+5.67%
Close of 9 Nov 2026, in CAD
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About Toromont Industries
Its shares trade on Toronto Stock Exchange under the ticker TIH.TO. It has been listed since 17 March 1980. In the fiscal year to 31 December 2025, it reported revenue of C$5.20bn and net income of C$496.6m. At that date it held total assets of C$5.47bn and shareholders' equity of C$3.29bn.
Toromont Industries Ltd. is engaged in the distribution of construction equipment, power systems, and refrigeration systems. The company is headquartered in Concord, Ontario. The firm's Equipment Group is involved in supply of specialized mobile equipment and industrial engines. The company consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd. and AgWest Ltd. Its customer base includes infrastructure contractors, residential and commercial contractors, mining companies, forestry companies, pulp and paper producers, general contractors, utilities, municipalities, marine companies, waste handling companies and agricultural enterprises. CIMCO is involved in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems with operations in Canada and the United States. Its customer base consists of companies engaged in all aspects of food and beverage industry, food and beverage processors, and recreational facilities.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Trading Companies & Distributors
- Listed since
- 17 Mar 1980
- Employees
- 6,000
- Website
- toromont.com ↗
Leadership
Pay as last reported
- Mr. Richard RoyIndependent Chairman of the BoardC$400,000
- Mr. Michael McmillanPresident, Chief Executive Officer, Director, since 2020C$2.8m
- Mr. John DoolittleChief Financial Officer, Executive Vice PresidentC$1.6m
- Mr. Miles GreggPresident - Toromont Cat Construction DivisionC$1.3m
- Mr. Michael CuddyChief Information Officer, Vice President, Corporate Secretary, since 2024C$1.4m
- Ms. Jennifer CochraneVice President - Finance
- Ms. Lynn KorbakGeneral Counsel, Corporate Secretary
- Mr. Joel CoutureChief Operating Officer - Toromont CatC$1.4m
- Mr. Peter BlakeIndependent DirectorC$216,016
- Mr. Benjamin CherniavskyIndependent DirectorC$213,000
- Ms. Cathryn CranstonIndependent DirectorC$228,000
- Ms. Paramita DasIndependent DirectorC$31,957
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 54
- Environment
- 56
- Social
- 48
- Governance
- 57
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Toromont Industries Ltd has a strong market presence in the heavy equipment industry, possessing a wide range of machinery and industrial products in its portfolio. The company's reputation for high-quality products and excellent customer service gives it a competitive advantage.
- Toromont Industries Ltd has a well-established distribution network, enabling it to efficiently reach customers across Canada and internationally. This extensive network enhances the company's ability to serve a diverse customer base and generate consistent sales.
- The company has a skilled and experienced workforce, which contributes to its operational efficiency and enables the delivery of exceptional products and services. Toromont Industries Ltd's strong internal team is a valuable asset in providing reliable support to customers and maintaining positive relationships.
Weaknesses
- Toromont Industries Ltd heavily relies on the performance of the construction and mining sectors. Fluctuations in these industries can significantly impact the company's financial performance and growth prospects.
- The company's heavy reliance on suppliers and manufacturers for its products may expose it to potential supply chain disruptions, such as delays or shortages in inventory. This dependency creates vulnerability to market changes and competitive pressures.
Opportunities
- Toromont Industries Ltd can seize opportunities by expanding its product offerings or entering new markets. Diversifying its portfolio and exploring growth in emerging industries, such as renewable energy or infrastructure development, could help mitigate risks associated with sector fluctuations.
- The increasing demand for sustainable solutions presents an opportunity for Toromont Industries Ltd to offer environmentally friendly equipment and services. By prioritizing innovation and investing in green technologies, the company can contribute to environmental protection efforts while gaining a competitive edge.
- Mergers and acquisitions can be a strategic approach for Toromont Industries Ltd to strengthen its market position, expand its geographic reach, and acquire new capabilities. Collaborations with key industry players or the acquisition of complementary businesses can enhance the company's competitive advantage.
Threats
- The economic conditions and government regulations in the regions where Toromont Industries Ltd operates may pose challenges to its business operations. Changes in tax policies, trade agreements, or political instability can impact the company's profitability and growth.
- Intense competition within the heavy equipment industry could erode Toromont Industries Ltd's market share and margins. Competitors with lower pricing strategies or stronger brand recognition may attract customers and hinder the company's growth prospects.
- Technological advancements and shifting customer preferences pose threats to Toromont Industries Ltd. Failure to adapt to evolving market trends or an inability to innovate may result in a loss of customer loyalty and hinder the company's long-term success.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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