Toromont’s revenue increased 16% in the second quarter
Toromont Industries’ second-quarter revenue rose 16% and operating income increased 41%, driven primarily by the Equipment Group.
The Equipment Group delivered broad growth, including a 72% increase in mining revenue and a 47% increase in operating income.
Bookings surged 196%, supported by a previously announced CAD 1 billion power-systems order expected to be largely delivered in 2027.
AVL is expanding rapidly, with quarterly revenue tripling to CAD 171 million, and Toromont plans a new Ontario facility to add 40%–50% to overall AVL capacity.