Toromont Industries Ltd. reported earnings results for the first quarter ended March 31, 2026. For the first quarter, the company reported sales was CAD 1,228.07 million compared to CAD 1,089.62 million a year ago. Net income was CAD 92.7 million compared to CAD 74.44 million a year ago.
Basic earnings per share from continuing operations was CAD 1.14 compared to CAD 0.92 a year ago. Diluted earnings per share from continuing operations was CAD 1.13 compared to CAD 0.91 a year ago.
Toromont Industries Ltd. is a Canada-based company, which serves the specialized equipment and product support needs of a diversified customer base. Its business units include Toromont Cat, Toromont Material Handling, SITECH, Battlefield Equipment Rentals-The Cat Rental Store, Jobsite Industrial Rental Services, and CIMCO. Its segment includes the Equipment Group and CIMCO. The Equipment Group segment includes a Caterpillar dealership by revenue and geographic territory, spanning the Canadian provinces of Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Quebec, Ontario and Manitoba, in addition to various territories of Nunavut. Its business also includes heavy equipment rental operations and a material handling business. The CIMCO segment is engaged in the designing, engineering, fabrication and installation of industrial and recreational refrigeration systems. It is also engaged in designing and fabrication of power generation and storage enclosures.
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