Tornado Global Hydrovacs ( (TSE:TGH) ) has provided an update.
Tornado Infrastructure Equipment Ltd. reported record financial results for 2024, with a notable 37.7% increase in net income per share. The company’s revenue rose by 30.4%, driven by increased sales of hydrovac trucks and strategic partnerships. Despite a decrease in Q4 net income due to the absence of a one-time intellectual property sale, the overall annual performance was strong, positioning the company well for future growth.
More about Tornado Global Hydrovacs
Tornado Infrastructure Equipment Ltd. operates in the infrastructure equipment industry, primarily focusing on the production and sale of hydrovac trucks. The company has a significant market presence in North America, bolstered by strategic agreements with companies like Ditch Witch and Custom Truck One Source.
YTD Price Performance: 27.36%
Average Trading Volume: 117,131
Technical Sentiment Signal: Sell
Current Market Cap: C$186.3M
Learn more about TGH stock on TipRanks’ Stock Analysis page.