Toromont Industries Ltd.

OTCPK:TMTN.F Stock Report

Market Cap: US$6.4b

Toromont Industries Management

Management criteria checks 4/4

Toromont Industries' CEO is Mike McMillan, appointed in Oct 2023, has a tenure of 1.25 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 $373.30K. The average tenure of the management team and the board of directors is 6 years and 5.7 years respectively.

Key information

Mike McMillan

Chief executive officer

CA$2.1m

Total compensation

CEO salary percentage24.9%
CEO tenure1.3yrs
CEO ownership0.006%
Management average tenure6yrs
Board average tenure5.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike McMillan's remuneration changed compared to Toromont Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$504m

Jun 30 2024n/an/a

CA$519m

Mar 31 2024n/an/a

CA$517m

Dec 31 2023CA$2mCA$529k

CA$529m

Sep 30 2023n/an/a

CA$533m

Jun 30 2023n/an/a

CA$508m

Mar 31 2023n/an/a

CA$486m

Dec 31 2022CA$2mCA$463k

CA$450m

Sep 30 2022n/an/a

CA$397m

Jun 30 2022n/an/a

CA$371m

Mar 31 2022n/an/a

CA$345m

Dec 31 2021CA$2mCA$435k

CA$333m

Sep 30 2021n/an/a

CA$316m

Jun 30 2021n/an/a

CA$300m

Mar 31 2021n/an/a

CA$265m

Dec 31 2020CA$1mCA$329k

CA$255m

Compensation vs Market: Mike's total compensation ($USD1.47M) is below average for companies of similar size in the US market ($USD7.97M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike McMillan

1.3yrs

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

NamePositionTenureCompensationOwnership
Michael Stanley McMillan
CEO, President & Director1.3yrsCA$2.12m0.0058%
$ 373.3k
John Doolittle
Executive VP & CFO1.3yrsCA$655.43kno data
Michael Cuddy
VP, Chief Information Officer & Corporate Strategy21yrsCA$1.56m0.043%
$ 2.8m
Miles Sean Gregg
President of Toromont Cat Construction Divisionno dataCA$1.29m0.027%
$ 1.8m
Joel Couture
Chief Operating Officer - Toromont Catno dataCA$1.38m0.0064%
$ 411.8k
Lynn Korbak
General Counsel & Corporate Secretary7yrsno data0.0071%
$ 458.1k
William Harvey
President of Toromont Cat Mining Division4yrsCA$1.10m0.0052%
$ 334.7k
David Malinauskas
President of CIMCO Refrigeration10yrsCA$862.45k0.0061%
$ 390.6k
Colin Goheen
President of Battlefield Equipment Rentals6yrsno datano data

6.0yrs

Average Tenure

Experienced Management: TMTN.F's management team is seasoned and experienced (6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Stanley McMillan
CEO, President & Director1.3yrsCA$2.12m0.0058%
$ 373.3k
Jeffrey Chisholm
Independent Vice Chair14yrsCA$241.18k0.033%
$ 2.1m
Peter Blake
Independent Director5.7yrsCA$218.18k0.0019%
$ 121.4k
Richard Roy
Independent Chair of the Board6.2yrsCA$392.36k0.0037%
$ 235.2k
Katherine Rethy
Independent Director11.5yrsCA$206.18k0.0012%
$ 77.7k
Ben Cherniavsky
Independent Director3.9yrsCA$209.18k0.0014%
$ 90.0k
Ave Lethbridge
Independent Directorless than a yearno datano data
Frederick Mifflin
Independent Director2.8yrsCA$209.18k0.0027%
$ 172.2k
Paramita Das
Independent Directorless than a yearno datano data
Cathryn Cranston
Independent Director11.5yrsCA$224.18k0.0070%
$ 447.2k
Sharon Hodgson
Independent Director5.7yrsCA$209.18kno data

5.7yrs

Average Tenure

65yo

Average Age

Experienced Board: TMTN.F's board of directors are considered experienced (5.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/04 09:11
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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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Learn about the world class team who designed and built the Simply Wall St analysis model.

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.

AnalystInstitution
David HeasmanAccountability Research Corporation
Devin DodgeBMO Capital Markets Equity Research
null nullBMO Capital Markets Equity Research