July 29, 2005
Toromont profits edge down
Construction equipment company Toromont Industries Ltd. says its second-quarter profit edged down to $18.4 million from a year-earlier $18.7 million. Revenue dipped two per cent to $401.3 million.
“We are pleased with financial performance to date,” CEO Hugo Sorensen said in a release. “Both the equipment group and compression are enjoying strong demand, as conditions remain favourable .”
Toromont’s equipment group includes one of the world’s largest Caterpillar dealerships by revenue and geographic territory, in addition to rental operations. The compression group is a North American leader in the design, fabrication and installation of compression systems for natural gas, fuel gas and carbon dioxide, in addition to process systems and industrial and recreational refrigeration systems.
Canadian Press
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