CAD$0.018 (vs CAD$0.008 in Q2 2023)

Tornado Global Hydrovacs (CVE:TGH) Q2 2024 Results

Key Financial Results

• Revenue: CAD 34.4 million (up 46% compared to Q2 2023).

• Net income: CAD 2.51 million (up 138% compared to Q2 2023).

• Profit margin: 7.3% (up from 4.5% in Q2 2023). The increase in margin was driven by higher revenues.

• EPS: CAD$0.018 (up from CAD$0.008 in Q2 2023).

All numbers shown in the chart above are for the last 12 months (TTM)

Tornado Global Hydrovacs Profit Insight

Revenues are forecast to grow at an average annual rate of 22% over the next two years, while the Canadian machinery industry is forecast to grow at 9.2%.

Efficiency Canadian engineering industry.

The company’s shares were up 5.2% from the previous week.

Risk analysis

Before you take the next step, you should know about 1 warning sign for Tornado Global Hydrovacs that we discovered.

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