Yahoo Finance Toromont Industries Full Year 2022 Earnings: Beats Expectations
Toromont Industries (TSE:TIH) Full Year 2022 Results
Key Financial Results
Revenue: CA$4.23b (up 8.9% from FY 2021).
Net income: CA$454.2m (up 37% from FY 2021).
Profit margin: 11% (up from 8.6% in FY 2021). The increase in margin was driven by higher revenue.
EPS: CA$5.52 (up from CA$4.03 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Toromont Industries Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Canada are expected to remain flat.
Performance of the Canadian Trade Distributors industry.
The company's shares are up 7.7% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Toromont Industries that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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