Toromont Industries Management
Management criteria checks 4/4
Toromont Industries' CEO is Mike McMillan, appointed in Oct 2023, has a tenure of 1.17 years. total yearly compensation is CA$2.12M, comprised of 24.9% salary and 75.1% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth CA$543.00K. The average tenure of the management team and the board of directors is 5.9 years and 5.6 years respectively.
Key information
Mike McMillan
Chief executive officer
CA$2.1m
Total compensation
| CEO salary percentage | 24.9% |
| CEO tenure | 1.2yrs |
| CEO ownership | 0.006% |
| Management average tenure | 5.9yrs |
| Board average tenure | 5.6yrs |
Recent management updates
Recent updates
Returns On Capital At Toromont Industries (TSE:TIH) Have Stalled
Nov 22
Estimating The Fair Value Of Toromont Industries Ltd. (TSE:TIH)
Oct 31Toromont Industries Ltd.'s (TSE:TIH) Price Is Out Of Tune With Earnings
Oct 01Toromont Industries (TSE:TIH) Hasn't Managed To Accelerate Its Returns
Aug 19Estimating The Fair Value Of Toromont Industries Ltd. (TSE:TIH)
Jul 29Is Now The Time To Put Toromont Industries (TSE:TIH) On Your Watchlist?
Jul 16Toromont Industries Ltd. (TSE:TIH) Investors Are Less Pessimistic Than Expected
Jul 02Toromont Industries Ltd. Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next
May 05Shareholders Are Optimistic That Toromont Industries (TSE:TIH) Will Multiply In Value
Apr 30Are Toromont Industries Ltd. (TSE:TIH) Investors Paying Above The Intrinsic Value?
Apr 14What Toromont Industries Ltd.'s (TSE:TIH) P/E Is Not Telling You
Mar 31These 4 Measures Indicate That Toromont Industries (TSE:TIH) Is Using Debt Reasonably Well
Mar 01Toromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.48
Feb 17Earnings Update: Here's Why Analysts Just Lifted Their Toromont Industries Ltd. (TSE:TIH) Price Target To CA$135
Feb 16Toromont Industries (TSE:TIH) Could Become A Multi-Bagger
Jan 08Getting In Cheap On Toromont Industries Ltd. (TSE:TIH) Is Unlikely
Dec 27CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$504m |
| Jun 30 2024 | n/a | n/a | CA$519m |
| Mar 31 2024 | n/a | n/a | CA$517m |
| Dec 31 2023 | CA$2m | CA$529k | CA$529m |
| Sep 30 2023 | n/a | n/a | CA$533m |
| Jun 30 2023 | n/a | n/a | CA$508m |
| Mar 31 2023 | n/a | n/a | CA$486m |
| Dec 31 2022 | CA$2m | CA$463k | CA$450m |
| Sep 30 2022 | n/a | n/a | CA$397m |
| Jun 30 2022 | n/a | n/a | CA$371m |
| Mar 31 2022 | n/a | n/a | CA$345m |
| Dec 31 2021 | CA$2m | CA$435k | CA$333m |
| Sep 30 2021 | n/a | n/a | CA$316m |
| Jun 30 2021 | n/a | n/a | CA$300m |
| Mar 31 2021 | n/a | n/a | CA$265m |
| Dec 31 2020 | CA$1m | CA$329k | CA$255m |
Compensation vs Market: Mike's total compensation ($USD1.48M) is below average for companies of similar size in the Canadian market ($USD4.15M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike McMillan
1.2yrs
Tenure
CA$2,119,686
Compensation
Mr. Michael Stanley Howie McMillan, also known as Mike, served as an Executive Vice President and Chief Financial Officer at Toromont Industries Ltd. since March 1, 2020 until October 15, 2023 and serves a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.2yrs | CA$2.12m | 0.0058% CA$ 543.0k | |
| Executive VP & CFO | 1.2yrs | CA$655.43k | no data | |
| VP, Chief Information Officer & Corporate Strategy | 20.9yrs | CA$1.56m | 0.043% CA$ 4.1m | |
| President of Toromont Cat Construction Division | no data | CA$1.29m | 0.027% CA$ 2.6m | |
| Chief Operating Officer - Toromont Cat | no data | CA$1.38m | 0.0064% CA$ 599.1k | |
| General Counsel & Corporate Secretary | 6.9yrs | no data | 0.0071% CA$ 666.4k | |
| President of Toromont Cat Mining Division | 3.9yrs | CA$1.10m | 0.0052% CA$ 486.9k | |
| President of CIMCO Refrigeration | 9.9yrs | CA$862.45k | 0.0061% CA$ 568.2k | |
| President of Battlefield Equipment Rentals | 5.9yrs | no data | no data |
5.9yrs
Average Tenure
Experienced Management: TIH's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.2yrs | CA$2.12m | 0.0058% CA$ 543.0k | |
| Independent Vice Chair | 13.9yrs | CA$241.18k | 0.033% CA$ 3.1m | |
| Independent Director | 5.6yrs | CA$218.18k | 0.0019% CA$ 176.6k | |
| Independent Chair of the Board | 6.1yrs | CA$392.36k | 0.0037% CA$ 342.1k | |
| Independent Director | 11.4yrs | CA$206.18k | 0.0012% CA$ 113.1k | |
| Independent Director | 3.8yrs | CA$209.18k | 0.0014% CA$ 130.8k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2.7yrs | CA$209.18k | 0.0027% CA$ 250.5k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 11.4yrs | CA$224.18k | 0.0070% CA$ 650.5k | |
| Independent Director | 5.6yrs | CA$209.18k | no data |
5.6yrs
Average Tenure
65yo
Average Age
Experienced Board: TIH's board of directors are considered experienced (5.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:02 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Toromont Industries Ltd. is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Heasman | Accountability Research Corporation |
| Devin Dodge | BMO Capital Markets Equity Research |
| null null | BMO Capital Markets Equity Research |