Toromont's Power Systems business secures firm orders of about CAD$1 billion

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Toromont Industries Ltd. has received confirmation of firm orders for approximately CAD$1 billion within its Power Systems business, with delivery expected substantially in 2027. The orders are anticipated to require incremental capacity beyond 2026 levels, prompting the company to evaluate additional efficiencies at existing facilities and to acquire land for a new facility in the Hamilton, Ontario, area. Demand and production capacity at AVL Manufacturing Inc., the company's engine enclosure business, have been solidified for 2026 through current backlog and the ramp-up of production in Charlotte, North Carolina.

Impact on stocks 1

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 2

Toromont Industries Ltd.Private▲ Positive
Demandrelevance

Toromont's Power Systems business secured firm orders of about CAD$1 billion, with delivery expected in 2027.

AVL Manufacturing Inc.Private▲ Positive
Demandrelevance

AVL Manufacturing Inc., Toromont's engine enclosure business, has demand and production capacity solidified for 2026 through current backlog and ramp-up.

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