Mr. John Doolittle reports

TOROMONT TO ANNOUNCE 2023 FULL YEAR AND FOURTH QUARTER RESULTS ON FEBRUARY 13, 2024

Toromont Industries Ltd. will release its 2023 annual financial results after markets close on Tuesday, Feb. 13, 2024. The analysis of annual results will also include a focus on performance in the fourth quarter.

Analysts, members of the media and other interested parties are invited to participate in a teleconference and audio webcast on Wednesday, Feb. 14, 2024, beginning at 8 a.m. Eastern Time, to discuss the financial results and operating highlights. The conference will begin with a brief address by Michael S. McMillan, president and chief executive officer, and John M. Doolittle, executive vice-president and chief financial officer of Toromont Industries, followed by a question-and-answer period for investment analysts.

Wednesday, Feb. 14, 2024, at 8 a.m. Eastern Time -- how to join

The live audio webcast will be available on the company's website.

Join the teleconference without operator assistance by visiting a link. You will receive an instant automated callback.

Join the teleconference with operator assistance by dialling 888-664-6383 or 416-764-8650 (Toronto area) -- participant passcode 74178667.

A digital replay will be available until Wednesday, Feb. 21, 2024.

Call 1-888-390-0541 or 416-764-8677 (Toronto area) and enter passcode 178667 followed by the pound key.

About Toromont Industries Ltd.

Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory -- spanning the Canadian provinces of Newfoundland and Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Quebec, Ontario, and Manitoba, in addition to most of the territory of Nunavut. In addition, the group includes industry-leading rental operations and a complementary material handling business. CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities.