Toromont is a heavy equipment dealer that mainly sells Caterpillar trucks and equipment. The company has operations in more than 140 locations across Canada and the U.S.
About 70% of Toromont’s revenues are from CAT dealership which represents a predictable source of income. It operates through an extensive network of dealers, fleet of service vehicles, and logistics and technology capabilities.
New and used equipment accounts for 50% of revenues, followed by product support (39%), and rental (11%). Toromont delivers specialized capital equipment to a diverse range of customers and industries. It operates through two business groups: Equipment group (Toromont CAT, Battlefield, Sitech) and CIMCO.
Toromont CAT is one of the world’s largest Caterpillar dealerships, Battlefield is an industry leading rental operation; and CIMCO is a market leader in the design, engineering and after-sale support of refrigeration systems in industrial and recreational markets.
Toromont’s huge network of distribution channels, leading product lines and strong relationships with suppliers and business partners are its key competitive advantages.
Investment Data
Looking for the best of the best dividend stocks? The Canadian Dividend Aristocrats list is the perfect place to start. As you start, you can see the list of stocks (Excel export) to learn more about their yield and dividend … Read more
Toromont is a heavy equipment dealer that mainly sells Caterpillar trucks and equipment across the country. The company is known for providing specialized capital equipment and services to a set of customers across a number of different end markets. It … Read more
Dividend Achievers are dividend growth stocks with at least 10 years of dividend growth behind them. It’s the first step in building your master stock list and finding a solid dividend growth stocks. On the US stock market, there are … Read more