05:28 PM EDT, 07/29/2025 (MT Newswires) -- Toromont Industries ( TMTNF ) after trade Tuesday said its second-quarter profit fell slightly while revenue rose year-over-year.

The company earned $124.35 million, or $1.52 per share, in the period, compared with $135.35 million, or $1.64, a year ago. FactSet expected $1.50 per share.

Revenue for the quarter ended June 30 was $1.38 billion, up from $1.36 billion, a year prior. FactSet projected $1.36 billion.

CIMCO's revenue rose by $15.7 million, or 13%, compared to the same quarter last year. This was mainly driven by a 22% increase in package project revenue due to better project execution and improved equipment deliveries. Product support revenue grew by 1%, with strong demand in Canada supported by a larger technician team, though this was partly offset by slightly lower activity in the US.

"Our team delivered resilient results in the second quarter while continuing to navigate macroeconomic and international trade uncertainties," Chief Executive Michael McMillan said.

While overall revenue rose, net income dipped slightly due to lower interest income and temporary non-cash costs from the AVL acquisition, he said, adding the company's CIMCO unit reported higher revenue and earnings, "reflecting healthy market demand and effective execution in both Canada and the US."

The board approved a quarterly dividend of $0.52 cents per share, payable on Oct. 3, to shareholders on record on Sept. 5, the company added.

The company's shares closed up $0.25 to S132.74 on the Toronto Stock Exchange.