Q2 2026 Toromont Industries Ltd Earnings Call Transcript

Jul 29, 2026 / 12:00 PM GMT

Release Date Price: €127 (-2.31%)

Transcript

Key Points

Positve

Revenue and earnings increased, reflecting solid execution across the business.
The equipment group delivered growth in new and used equipment sales, rentals, and product support.
AVL continued to expand production, increasing ownership to 80% and acquiring land in Canada for future growth.
Operating income increased 41% in the quarter and 42% through the first half, reflecting higher revenue and improved gross profit margins.
The board of directors approved a regular quarterly dividend of $0.56 per share.

Negative

Simco's results were slightly lower in the quarter, with operating income decreasing due to lower package revenue and higher expenses.
SG&A expenses increased for both the quarter and year-to-date period, reflecting investments in growth and higher compensation costs.
Return on equity was slightly below the target of 18%, dampened by expenses associated with the accelerated purchase of AVL shares.
Product support margins decreased slightly, reflecting the nature of the work and sales mix.
The residential construction market remains stalled, impacting related business activities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TIH.TO - Toromont Industries Ltd
Q2 2026 Toromont Industries Ltd Earnings Call
Jul 29, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

Today is Wednesday, July 29th, 2026.

Welcome to the Tremont Industries Limited, second quarter 2026 results conference call.

Please be advised that this call is being recorded and all lines have been placed on mute to prevent any background noise.

Your host for today will be Mr.

John Dolittle, Executive Vice President and Chief Financial Officer.

Please go ahead, sir.

Very good, thank you, Angeline, good morning, everyone, thank you for joining us today to discuss Tourmont's results for the second quarter of 2026, also on the call with me this morning is Mike McMillan, President and Chief Executive Officer.

Mike and I will be referring to

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