THIS INDUSTRIAL SMALL CAP REPORTED RECORD 2024 RESULTS, FORECASTS CONTINUED GROWTH IN 2025

Despite repeated calls by analysts that the North American economy is either in or about to be in a recession due to tariff concerns, one small cap company continues to fire on all cylinders and forecasts continued brisk growth in their business throughout 2025. All this was laid out in their latest quarterly results indicating record revenues in 2024.

Tornado Infrastructure Equipment Ltd. (TSX-Venture: TGH) (OTCQX: TGHLF) shared with investors this morning their record financial results for the year ended December 31, 2024. The company reported net income of $10,302, a 40.3% increase from $7,342 in 2023, with diluted net income per share rising 37.7% to $0.073. EBITDAS grew by 25.7% to $15,627, or $0.111 per diluted share, driven primarily by higher revenue from hydrovac truck sales. All reported figures are in thousands of Canadian dollars unless otherwise noted.

Revenue for 2024 totaled $136,891, representing a 30.4% increase compared to $105,008 in 2023. Gross profit also climbed 30.8% to $25,632, up from $19,600 the previous year, largely due to increased revenue and improved production efficiency at the company's Red Deer Facility. The strong performance across key financial metrics highlights Tornado’s continued growth and operational improvements.

Brett Newton, President and Chief Executive Officer of Tornado, commented: “Even without the benefit of the one-time intellectual property sale that we completed in 2023, Tornado had another record year in 2024. These financial results reflect strong market demand and our team’s continued ability to execute with excellence. We are well positioned for continued growth in 2025, supported by the expansion of our Red Deer Facility and new product development through internal design and by evaluating potential strategic opportunities.”

Brett Newton added to this stating, “We are also closely monitoring the evolving tariff landscape between the U.S. and Canada. Although our current U.S. sales are not subject to tariffs, we have mitigation strategies in place and are prepared to respond if conditions change.”

Shares of TGH are currently down 0.74% at $1.34, despite being higher for most of the trading day, while U.S. listed shares traded lower to the tune of 1.92% at $0.97 in late-morning trading.

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2025-04-28T17:06:40Z