Toromont Industries Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 1,174.96 million compared to CAD 1,053.7 million a year ago. Net income was CAD 139.04 million compared to CAD 111.68 million a year ago. Basic earnings per share from continuing operations was CAD 1.62 compared to CAD 1.34 a year ago. Diluted earnings per share from continuing operations was CAD 1.61 compared to CAD 1.33 a year ago. Basic earnings per share was CAD 1.69 compared to CAD 1.35 a year ago. Diluted earnings per share was CAD 1.68 compared to CAD 1.34 a year ago.
For the six months, sales was CAD 2,221.32 million compared to CAD 1,900.31 million a year ago. Net income was CAD 235.04 million compared to CAD 171.21 million a year ago. Basic earnings per share from continuing operations was CAD 2.79 compared to CAD 2.08 a year ago. Diluted earnings per share from continuing operations was CAD 2.76 compared to CAD 2.06 a year ago. Basic earnings per share was CAD 2.86 compared to CAD 2.08 a year ago. Diluted earnings per share was CAD 2.83 compared to CAD 2.06 a year ago.