Toromont Industries Reports Strong Q1 Earnings with Revenue Growth and Margin Expansion
Toromont Industries reported a 13% revenue increase in the first quarter of 2026, driven by strong performance across its Equipment Group. Operating income rose 44%, operating margin improved to 11.6%, and net earnings increased 25%. The company also expanded its stake in AVL to 80% for CAD 71 million.
Topics: avl_acquisition operating_income_increase revenue_growth