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Equipment sales push Toromont earnings for Q3

Equipment sales push Toromont earnings for Q3

Toromont Industries Ltd. has reported its financial results for the third quarter ended September 30, 2018. These results include the operations of the significant acquisition completed by the Company on October 27, 2017. This transaction expanded Toromont's operations to include the Caterpillar dealerships for Quebec, the Maritime Provinces and Western Labrador and the MCFA lift truck dealership for Quebec and Ontario, in addition to other distribution rights. The acquired operations are collectively referenced as "Toromont QM or TQM" throughout this report.

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Are all excavators the same?

Among the top brands, many believe all excavators are the same. But when you look closely, you can spot the small differences in design that add up to huge differences in productivity and efficiency — differences that can boost your profitability. 


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Toromont announces acquisition of Hewitt Group

Toromont announces acquisition of Hewitt Group

Toromont Industries Ltd., a diversified industrials company providing specialized capital equipment and ongoing support to customers in various sectors, today announced that it has entered into a definitive agreement to acquire the businesses and net operating assets of the Hewitt Group of companies in exchange for consideration of $917.7 million cash plus the issuance of 2.25 million Toromont shares (nominally $100 million based on 10 day average share price as at signing) for a total consideration of $1.0177 billion.

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Increased mining, power systems demand boosts Toromont earnings for Q2

Increased mining, power systems demand boosts Toromont earnings for Q2

Growth in several sectors helped Toromont Industries (TSX: TIH) to a 5 percent increase in earnings for the second quarter of 2017, the company has announced in its earnings release. Higher equipment sales and rentals were partially offset by lower product support revenues in the company's Equipment Group. Year-to-date revenues are up 3 percent to $817.9 million thanks to higher equipment sales and rentals.

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Toromont Cat "Get In Get Real" equipment open houses

Toromont Cat is planning 4 equipment open houses. The focus of these events will be to highlight and inform our customers on Caterpillar’s new product offerings, such as our new E-series excavators,  K-series wheel loaders, F-series Backhoes, our Tier 4 solutions and much more!
We are very excited to showcase our product line and each events will consist of equipment demo’s (where possible), static displays, walk arounds, food, drink, prizes and various booths highlighting our service capabilities and Caterpillar business partners. It’s going to be quite the show!

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