From GlobeNewswire: 2025-05-27 17:27:00

Tornado Infrastructure Equipment Ltd. reported its financial results for Q1 2025, with net income increasing by 17.3% compared to Q1 2024. The company acquired Custom Vacuum Services Ltd. for $28 million, enhancing its product line and creating synergy opportunities. The acquisition is expected to be profitable and immediately accretive. Tornado’s revenue increased by 5.1% in Q1 2025, driven by hydrovac truck sales and partnerships with Ditch Witch and Custom Truck. The company continues to invest in product innovation, with plans to complete a new production building in Q2 2025 to meet growing demand.

Tornado Infrastructure Equipment Ltd. is a leader in the vacuum truck industry, having sold over 1,800 hydrovacs since 2008. The company’s outlook for 2025 includes continued growth in production and sales of hydrovac trucks, driven by infrastructure spending, new product offerings, and strategic partnerships. Tornado’s commitment to innovation and efficiency positions it for sustainable growth in the industry. Management remains confident in the company’s future success and is focused on delivering value to customers through high-quality products and services.



Read more at GlobeNewswire: Tornado Infrastructure Equipment Reports First Quarter 2025