10:58 AM EST, 02/04/2025 (MT Newswires) -- Tornado Global Hydrovacs (TGH.V), involved in the vacuum truck industry, was at last look up 3% on Tuesday after launching Tornado Equipment Finance, a dedicated financing arm to provide financing solutions to support to customers in Canada.

The company in a statement said it expects the new initiative to generate a "steady" additional revenue stream.

Tornado reports that it manufactured and sold 88 hydrovac trucks in the fourth quarter, bringing the total for 2024 to 320 trucks, versus 241 in 2023. The company expects to release its fourth-quarter results in April.

The company is also monitoring the tariffs situation across North America and said it has identified several strategies which may mitigate the impact of U.S. tariffs on Canadian goods, including those of the company. This comes a day after the planned implementation of a 25% tariff was delayed until March 2025.

The strategies include supplying backend-only units for U.S. customers so that they can source chassis locally, investigating opportunities for developing final-stage manufacturing capacity in the U.S., assessing opportunities for its U.S. entity, Tornado Infrastructure Equipment ( TGHLF ) (USA), to provide additional flexibility to navigate tariff-related challenges and optimize supply chain logistics.

The company's shares were last seen up $0.03, to $1.01, on the TSX Venture Exchange.

Price: 1.02, Change: +0.04, Percent Change: +4.08