Toromont has a number of powerful competitive advantages. Click on each one to read more ...
Our business leaders collectively own more than 3.3% of Toromont common shares and over 50% of our employees are shareholders.
Toromont's leadership teams - at the corporate and business unit level - are highly experienced. On average, our leaders have 29 years of business experience and have served Toromont for 19 years.
Toromont has employed a decentralized approach to management for over 20 years. It has helped us to develop strong business unit leaders who have decision-making authority over the allocation of capital and the responsibility to meet well-established performance and growth targets.
Consistent business model
We focus on highly specific capital goods with significant after sales product support opportunities. Our parts and service business is a significant contributor to profitability.
We sell, service and support market-leading brands of equipment, provided by companies such as Caterpillar and AGCO. Our brands and our extensive customer support networks provide competitive barriers to entry.
We serve a wide variety of end markets - including mining, road building, power generation, infrastructure, mining, agriculture and refrigeration. And we maintain relationships with thousands of great customers.
Toromont's information technology represents a competitive differentiator in the marketplace. The Company's selective investments in technology, inclusive of e-commerce initiatives, strengthen customer service capabilities, generate new opportunities for growth, drive efficiency and increase returns to our shareholders.
Proven growth strategies
Our strategies are long-term in nature and include: expand market offerings, strengthen product support, broaden product offerings, invest in our resources and maintain a strong financial position.
Strong financial position
Toromont's belief in conservative leverage provides it with the financial flexibility to pursue growth opportunities.