Tornado Global Hydrovacs Second Quarter 2024 Earnings: EPS: CA$0.018 (vs CA$0.008 in 2Q 2023)

Tornado Global Hydrovacs (CVE:TGH) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$34.4m (up 46% from 2Q 2023).
• Net income: CA$2.51m (up 138% from 2Q 2023).
• Profit margin: 7.3% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CA$0.018 (up from CA$0.008 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tornado Global Hydrovacs Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Machinery industry in Canada.

Performance of the Canadian Machinery industry.

The company's shares are up 5.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Tornado Global Hydrovacs you should be aware of.

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