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Toromont Industries Ltd (TIH.TO)

TIH.TO on Toronto Stock Exchange

56.57CAD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Toromont announces results for the third quarter
Tuesday, 7 Nov 2017 05:17pm EST 

Nov 7 (Reuters) - Toromont Industries Ltd :Toromont announces results for the third quarter of 2017 and quarterly dividend.Q3 earnings per share C$0.63.Q3 revenue c$488 million versus I/B/E/S view c$532.3 million.Q3 earnings per share view C$0.62 -- Thomson Reuters I/B/E/S.Toromont Industries Ltd - ‍bookings increased 2% in quarter to $185.0 million​.Toromont Industries Ltd - ‍backlogs of $197 million at September 30, 2017 versus $147 million at Dec 31, 2016​.  Full Article

Toromont announces results for the third quarter
Tuesday, 7 Nov 2017 05:17pm EST 

Nov 7 (Reuters) - Toromont Industries Ltd :Toromont announces results for the third quarter of 2017 and quarterly dividend.Q3 earnings per share c$0.63.Q3 revenue c$488 million versus I/B/E/S view c$532.3 million.Q3 earnings per share view c$0.62 -- Thomson Reuters I/B/E/S.  Full Article

Toromont prices private offering of senior unsecured notes
Tuesday, 24 Oct 2017 12:28pm EDT 

Oct 24 (Reuters) - Toromont Industries Ltd :Toromont prices private offering of CDN$500 million 3.842% senior unsecured notes due 2027.  Full Article

Toromont launches private offering to fund Hewitt Group deal​
Tuesday, 24 Oct 2017 08:58am EDT 

Oct 24 (Reuters) - Toromont Industries Ltd :Toromont launches private offering of senior unsecured notes.Net proceeds of offering, cash on hand, committed credit facilities to fund cash portion of purchase price for Hewitt Group deal​.  Full Article

Toromont Industries Ltd - normal course issuer bid
Tuesday, 29 Aug 2017 07:00am EDT 

Aug 29 (Reuters) - Toromont Industries Ltd :Toromont Industries Ltd. - Normal course issuer bid.Toromont Industries Ltd - Under the notice, Toromont is entitled to purchase up to 6.7 million common shares.Toromont Industries - Co is entitled to purchase up to 6.7 million common shares during 12-month period commencing Aug 31, 2017 and ending Aug 30, 2018.  Full Article

Toromont Industries to acquire Hewitt Equipment
Monday, 28 Aug 2017 07:15am EDT 

Aug 28 (Reuters) - Toromont Industries Ltd :Toromont Industries to acquire Hewitt Equipment.Toromont Industries Ltd - ‍deal expected to be accretive to Toromont's net earnings in 2018​.Deal for ‍total consideration of $1.02 billion​.Toromont Industries-‍to buy businesses and net operating assets of Hewitt group of companies for $917.7 million cash plus issuance of 2.25 million Toromont shares​.Toromont Industries - will fund deal through current cash on hand, unsecured debt financing of up to $750 million and issuance of 2.25 million Toromont shares​.Toromont Industries - ‍prior to close, Toromont intends to launch a bond offering of up to $400 million and correspondingly reduce draw on bank financing​.Expects to maintain existing facilities and under its decentralized business model.Toromont Industries Ltd- syndicate of financial institutions has provided co a revolving working capital facility of up to $500 million.  Full Article

Toromont posts Q2 earnings per share c$0.52
Tuesday, 25 Jul 2017 05:00pm EDT 

July 25 (Reuters) - Toromont Industries Ltd :Toromont announces results for the second quarter of 2017 and quarterly dividend.Q2 earnings per share c$0.52.Q2 earnings per share view c$0.55 -- Thomson Reuters I/B/E/S.Qtrly revenues $530.9 million versus $522.1 million.  Full Article

Toromont Industries Ltd Q1 earnings per share C$0.34
Wednesday, 26 Apr 2017 04:21pm EDT 

April 26 (Reuters) - Toromont Industries Ltd ::Toromont announces results for the first quarter of 2017 and quarterly dividend.Q1 earnings per share C$0.34.Qtrly revenues $412.3 million versus $387.9 million.Equipment Group backlogs were $176.0 million at March 31, 2017 versus $147.0 million at Dec 31, 2016.Equipment Group bookings increased 2 percent year-over-year to $188.0 million in Q1.Q1 earnings per share view C$0.33, revenue view C$390.6 million -- Thomson Reuters I/B/E/S.  Full Article

Toromont Industries Q4 earnings per share C$0.58
Monday, 6 Feb 2017 05:01pm EST 

Toromont Industries Ltd : Toromont announces 2016 results and 6% increase in quarterly dividend . Q4 earnings per share C$0.58 . Q4 earnings per share view C$0.57 -- Thomson Reuters I/B/E/S . Q4 revenue C$480.7 million versus I/B/E/S view C$492.5 million . Increases regular quarterly dividend by 6 percent to C$0.19 per share .Backlogs of $99.0 million at December 31, 2016 were up 13% from 2015 and represented second highest level for this time of year.  Full Article

Toromont Industries announces normal course issuer bid
Friday, 26 Aug 2016 11:30am EDT 

Toromont Industries Ltd : Toromont Industries Ltd. - normal course issuer bid .Entitled to purchase up to 6.7 million common shares representing 10% of its common shares in public float under NCIB.  Full Article

BRIEF-Toromont announces results for the third quarter

* Toromont announces results for the third quarter of 2017 and quarterly dividend