Tornado Global Hydrovacs Ltd. TSXV:TGH | OTCQX:TGHLF
Tornado has designed and manufactured more than 1,200 technologically advanced Hydrovac trucks for companies that provide safe and non-destructive excavation services for infrastructure, utility, fibre optic, pipeline and energy markets.
Tornado Hydrovac trucks utilize proprietary technology, which dramatically increases operational and safety efficiencies.
INVESTMENT CONSIDERATIONS TORNADO IS A PIONEER & LEADER IN THE VACUUM TRUCK INDUSTRY
- Designs & manufactures technologically advanced Hydrovac trucks
- Growing need for safe excavation in and around critical infrastructure corridors and pipelines
- Q1/2023 highest ever quarterly sales, Gross Profit and EBITDAS
- Revenues soar 111% to $21 million compared to $9.9 million in the first quarter of 2022
- Gross profit $3.44 million up from $2.34 million
- Net income jumped to $785 thousand from $474 thousand
- EBITDAS up 75% to $1.66 million from $946 thousand
- 2022: Revenue $59.29 million + positive earnings & cash flow
- Beacon Securities BUY recommendation
- Beacon forecasts 2023 revenues of $90.8 million & $10.6 million EBITDA & $118 million & $19.5 million in 2024
- Proprietary Intellectual Property (IP) – Vortex Control System
- Co-development, minimum $43.85 USD four-year supply agreement with Ditch Witch, a division of Toro Co. (NYSE: TTC)
- Total Ditch Witch IP Payment to Tornado = $6 million USD
- United States distribution agreement with Custom Truck One Source (NSYSE: CTOS)
- 63,500 SQ.FT. production & maintenance facility owned and located in Red Deer, AB
- Insider ownership – 45%
Financial Performance
PRODUCTION FORECAST
