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    TIH   CA8911021050

TOROMONT INDUSTRIES LTD.

(TIH)
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Toromont Industries : To Announce Second Quarter 2021 Results On July 28, 2021

07/14/2021 | 09:01am EST

TORONTO, July 14, 2021 (GLOBE NEWSWIRE) -- Toromont Industries Ltd. (TSX:TIH) will release its second quarter 2021 results after markets close on Wednesday, July 28, 2021.

Analysts, members of the media and other interested parties are invited to participate in a teleconference and audio webcast on Thursday, July 29, 2021 at 8:00 a.m. (Eastern) to discuss the financial results and operating highlights. The conference will begin with a brief address by Scott J. Medhurst, President and Chief Executive Officer and Michael S. McMillan, Executive Vice President and Chief Financial Officer of Toromont Industries Ltd., followed by a question and answer period for investment analysts.

Thursday, July 29, 2021 at 8:00 a.m. (Eastern) – Live audio at www.toromont.com
To participate, call 1-800-898-3989 or 416-406-0743 (Toronto area) – participant passcode: 5629847#

Digital Replay until August 5, 2021
Call 1-800-408-3053 or 905-694-9451 (Toronto area) and enter passcode: 9519103#

About Toromont

Toromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario and Manitoba in addition to most of the territory of Nunavut. In addition, the Group includes industry leading rental operations, a complementary material handling business and an agricultural equipment business. CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. This press release and more information about Toromont Industries can be found at www.toromont.com .

For more information contact:

Michael S. McMillan
Executive Vice President and Chief Financial Officer
Toromont Industries Ltd.
T: (416) 514-4790


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Source: Toromont Industries Ltd.

2021 GlobeNewswire, Inc., source Press Releases

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Analyst Recommendations on TOROMONT INDUSTRIES LTD.
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Financials
Sales 2021 3 998 M 3 128 M 3 128 M
Net income 2021 331 M 259 M 259 M
Net cash 2021 40,2 M 31,4 M 31,4 M
P/E ratio 2021 28,1x
Yield 2021 1,19%
Capitalization 9 133 M 7 140 M 7 147 M
EV / Sales 2021 2,27x
EV / Sales 2022 2,15x
Nbr of Employees 6 000
Free-Float 98,1%
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Technical analysis trends TOROMONT INDUSTRIES LTD.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 110,94 CAD
Average target price 121,39 CAD
Spread / Average Target 9,42%
EPS Revisions
Managers and Directors
Scott J. Medhurst President, Chief Executive Officer & Director
Michael S. H. McMillan Chief Financial Officer & Executive Vice President
Richard G. Roy Chairman
Michael P. Cuddy Chief Information Officer & Vice President
Wayne S. Hill Independent Director
Sector and Competitors