Latest news with #ToromontIndustries
CTV News
09-07-2025
- Business
- CTV News
120 Toromont workers hit the picket lines in Bradford as 1st collective agreement talks stall
Toromont Cat, a brand new remanufacturing facility in Bradford helps take near end-of-life Caterpillar machine parts and refurbishes them for future use on may 27, 2025. (CTV News/Luke Simard) More than 100 employees with a remanufacturing company in Bradford hit the picket lines Tuesday after contract talks stalled. Unifor members are bargaining their first collective agreement and say the Toromont Industries has failed to address issues surrounding wages and benefits to secure a deal. In a statement, Toromont CFO John Doolittle said the company respects employees rights to collectively bargain and their prerogative to strike. Doolittle said the company has been working for months to align with the union for an equitable collective agreement, adding an offer, which he described as 'fair,' was presented to the union. "The union decided not to present the offer to union members and proceeded with a strike," the statement reads. 'It is our hope that this matter can be resolved as soon as possible. We remain ready to resume negotiations.' The Bradford remanufacturing plant helps refurbish old Caterpillar machine parts for future use. Unifor is the largest private sector union in Canada, with more than 320,000 members across the country.
Cision Canada
08-07-2025
- Business
- Cision Canada
Unifor members at Toromont on strike as they fight for first contract
BRADFORD, ON, July 8, 2025 /CNW/ - Workers at Toromont Industries in Bradford, Ont. went on strike this morning after the employer failed to adequately address wages and benefits during negotiations for a first collective agreement. "A first collective agreement sets the key foundational work standards for a workplace," said Unifor National President Lana Payne. "We stand with our members as they fight for a fair collective agreement." The 120 workers voted in late May to join Unifor. In 2022, the company invested $70 million into the new 137,000 sq. ft. Toromont Cat remanufacturing facility in Bradford West Gwillimbury, which remanufactures Caterpillar heavy equipment. The job positions are mostly Skilled Trades or Semi-Skilled and range from component cleaner to component re-builder. "In this trade war, we need to ensure we are investing in Canadian workers and that starts with strong wages and working conditions," said Unifor Ontario Regional Director Samia Hashi. Unifor is Canada's largest union in the private sector, representing 320,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.
Yahoo
20-03-2025
- Business
- Yahoo
Toromont Industries (TSE:TIH) shareholders have earned a 16% CAGR over the last five years
Passive investing in index funds can generate returns that roughly match the overall market. But the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Toromont Industries Ltd. (TSE:TIH) share price is 93% higher than it was five years ago, which is more than the market average. In comparison, the share price is down 9.9% in a year. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. Check out our latest analysis for Toromont Industries There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over half a decade, Toromont Industries managed to grow its earnings per share at 12% a year. This EPS growth is reasonably close to the 14% average annual increase in the share price. That suggests that the market sentiment around the company hasn't changed much over that time. In fact, the share price seems to largely reflect the EPS growth. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on Toromont Industries' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Toromont Industries, it has a TSR of 108% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return. Investors in Toromont Industries had a tough year, with a total loss of 8.4% (including dividends), against a market gain of about 15%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 16%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. Investors who like to make money usually check up on insider purchases, such as the price paid, and total amount bought. You can find out about the insider purchases of Toromont Industries by clicking this link. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Sign in to access your portfolio
Yahoo
20-03-2025
- Business
- Yahoo
Toromont Industries (TSE:TIH) shareholders have earned a 16% CAGR over the last five years
Passive investing in index funds can generate returns that roughly match the overall market. But the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, the Toromont Industries Ltd. (TSE:TIH) share price is 93% higher than it was five years ago, which is more than the market average. In comparison, the share price is down 9.9% in a year. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. Check out our latest analysis for Toromont Industries There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over half a decade, Toromont Industries managed to grow its earnings per share at 12% a year. This EPS growth is reasonably close to the 14% average annual increase in the share price. That suggests that the market sentiment around the company hasn't changed much over that time. In fact, the share price seems to largely reflect the EPS growth. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. This free interactive report on Toromont Industries' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Toromont Industries, it has a TSR of 108% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return. Investors in Toromont Industries had a tough year, with a total loss of 8.4% (including dividends), against a market gain of about 15%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 16%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. Investors who like to make money usually check up on insider purchases, such as the price paid, and total amount bought. You can find out about the insider purchases of Toromont Industries by clicking this link. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Sign in to access your portfolio
Yahoo
14-02-2025
- Business
- Yahoo
Toromont Industries Ltd. (TSE:TIH) Full-Year Results: Here's What Analysts Are Forecasting For This Year
Investors in Toromont Industries Ltd. (TSE:TIH) had a good week, as its shares rose 5.3% to close at CA$123 following the release of its yearly results. Toromont Industries reported CA$5.0b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of CA$6.13 beat expectations, being 2.7% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. View our latest analysis for Toromont Industries Following the latest results, Toromont Industries' nine analysts are now forecasting revenues of CA$5.19b in 2025. This would be a reasonable 3.3% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 18% to CA$7.36. Yet prior to the latest earnings, the analysts had been anticipated revenues of CA$5.11b and earnings per share (EPS) of CA$6.39 in 2025. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the nice gain to earnings per share expectations following these results. There's been no major changes to the consensus price target of CA$137, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Toromont Industries, with the most bullish analyst valuing it at CA$150 and the most bearish at CA$130 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that Toromont Industries' revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 3.3% growth on an annualised basis. This is compared to a historical growth rate of 7.3% over the past five years. Compare this to the 16 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 3.4% per year. So it's pretty clear that, while Toromont Industries' revenue growth is expected to slow, it's expected to grow roughly in line with the industry. The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Toromont Industries following these results. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at CA$137, with the latest estimates not enough to have an impact on their price targets. With that in mind, we wouldn't be too quick to come to a conclusion on Toromont Industries. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Toromont Industries analysts - going out to 2027, and you can see them free on our platform here. We also provide an overview of the Toromont Industries Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Sign in to access your portfolio
