Latest news with #Tornado
Yahoo
3 days ago
- Entertainment
- Yahoo
See Wes Anderson's 'The Phoenician Scheme' in theaters, rent 'The Prosecutor,' stream 'Captain America: Brave New World,' plus more movies to watch this weekend
Hello, Yahoo Entertainment readers! I'm Brett Arnold, a longtime writer and editor at Yahoo and film critic at my 'Siskel & Ebert' tribute podcast, Roger & Me, and welcome to Trust Me, I Watch Everything. I'm here to recommend what you should see in movie theaters, rent from the comfort of your couch or queue up from a streaming service you may already subscribe to. I watch it all so you don't have to. This week, there are two great options in limited release theatrically, The Phoenician Scheme and Tornado. There's also a super-fun rental in The Prosecutor, a moving one-man show on Apple TV+ Bono: Stories of Surrender and the box-office smash Captain America: Brave New World makes its way to Disney+. That's not all — there's something for everyone so keep reading for the full weekly what to watch guide. What to watch in theaters Movies newly available to rent or buy Movies debuting on streaming services you may already have Movies newly available on streaming services you may already have My recommendation: Why you should watch it: Wes Anderson and his trademark aesthetic are back just two years after the profoundly moving and deeply personal Asteroid City. This time, the writer/director is delivering perhaps the silliest movie he has ever made, or at least the goofiest one in a long while, and I mean that as a compliment. In fact, the movie is as sincere and emotional as anything he's ever made! Benicio Del Toro is sublime as 'Zsa-Zsa' Korda, an industrialist and arms dealer who, after surviving his sixth assassination attempt, finally realizes he needs to appoint an heir to his fortune. He has nine sons he doesn't pay attention to, but he also has an estranged child (played by Kate Winslet's daughter Mia Threapleton in a wonderfully deadpan performance) and decides that she's the one to take on his business dealings, which amount to the very specific and titular scheme. This has to be the first Anderson movie to feature a fighter jet sequence and it's every bit as delightful as that sounds. The joys here, and some of the film's biggest laughs, come from not only the eccentric characters and beautiful compositions we've come to expect from Anderson, but also from the surprising things you don't expect to see in a movie like this. I didn't know I needed to see a man violently (and bloodily!) explode in Wes Anderson's signature style, but I absolutely did, and I likely haven't laughed harder at anything this year. The cast features a ton of A-listers and Anderson regulars like Tom Hanks, Bryan Cranston, Jeffrey Wright, Riz Ahmed, Scarlett Johansson and Benedict Cumberbatch, with the standout supporting player Michael Cera, who fits perfectly into Anderson's overall aesthetic. Fans are in for a hilarious treat! 🍿 What critics are saying: They're mostly on board here, with Rolling Stone's David Fear calling it one of his best films and William Bibbiani at the Wrap praising its leading man, saying "Del Toro hasn't had a role this juicy in ages, and he's captivating at all times." The BBC's Nicholas Barber, however, says "it feels as if Anderson and his team were enjoying it more than audiences ever will." 👀 How to watch: The Phoenician Scheme is currently playing in limited release and expands wide next week. Get tickets ➕ Bonus recommendation: Why you should watch it: Tornado is just your average Scottish samurai-western ... wait, what?! Clearly inspired by Japanese cinema (with a side of Quentin Tarantino), Scottish filmmaker John Maclean returns with Tornado, a decade after his 2015 indie debut, Slow West, with Michael Fassbender. Actress Kōki stars as Tornado, a Japanese puppeteer's daughter who gets caught up with criminals when their traveling circus show crosses paths with an infamous gang of criminals, led by Sugarman (Tim Roth) and his son Little Sugar (Jack Lowden). It's as riveting as it is efficient, running a brisk 85-minutes and wastes no time setting up the stakes. The story is familiar but imbued with enough specific quirks and eye-catching style that it feels entirely unique. 🍿 What critics are saying: Critics largely agree that it's worth a look. IndieWire's Josh Slater-Williams dug it and praised the performance of Takehiro Hira, who was recently nominated for an Emmy for his work on Shōgun while Peter Bradshaw at the Guardian praised the distinctive "film-making language." On the other side of things, David Jenkins at Little White Lies says that ultimately "we're left with a film which leaves only a superficial impression and little sense of purpose." 👀 How to watch: Tornado is now playing in limited release theatrically. Get tickets 🤔 If those aren't for you... : A legacy sequel that's basically just another remake as the plot is the exact same one we've seen twice now, in the original 1984 and the 2010 flick, not to mention the other sequels and the massively popular Netflix spinoff series Cobra Kai. It attempts to unite the two main entries in a very perfunctory way and the movie is so briskly-paced that there's no real time spent setting up stakes, yet somehow it still finds time for strange subplots. It's a shame the movie is such a mess because the new karate kid Ben Wang is great and the fights themselves are entertaining, but the inclusion of both Jackie Chan and Ralph Macchio feels forced. Kids, however, will likely be entertained, but nothing here touches the original, which is a classic for a reason. — Get tickets. :The filmmakers behind A24's hit horror film Talk to Me are back with another unsettling genre flick about a foster mother with a terrifying secret. The Philippou brothers again prove their ability to craft genuinely shocking moments, but this is pretty familiar stuff. — Get tickets. : A gripping ripped-from-the-headlines spy drama about a Syrian refugee pursuing the regime's fugitive leaders. It's quite good! — Get tickets. My recommendation: Why you should watch it: Hong Kong action star and martial arts legend Donnie Yen stars in this super-fun hybrid of an action movie and a courtroom thriller. Yes, Donnie Yen is a lawyer and yes, he kicks people's butts as well. He also directed the movie — a triple threat! The inspired silliness here is pitched in exactly the right key, the fight scenes are impressively choreographed and shot innovatively and the wrongly-accused man plot goes down smooth. Imagine watching a serious, earnest courtroom drama like A Few Good Men, and then imagine if that movie stopped every other scene to feature an insane action sequence that was relevant to the plot. It's a riot and has plenty to say about what justice actually means. 🍿 What critics are saying: They dig it! Indiewire's David Ehrlich says its "perhaps best enjoyed as the meta story of an action star who refuses to be aged out of his metier" and Richard Kuipers at Variety similarly praised the "top notch" action prowess of its 61-year-old star. 👀 How to watch: The Prosecutor is now available to rent or buy on digital and on-demand. Rent or buy 🤔 If that's not for you... :Kerry Washington and Omar Sy star in this action flick from veteran of the genre Joe Carnahan. An estranged couple with a bounty on their heads must go on the run with their son to avoid their former employer, a unit of shadow ops that has been sent to kill them. — Rent or buy. : Daisy Edgar-Jones, Jacob Elordi and Will Poulter star in this adaptation of the book of the same name. Muriel and her husband, Lee, begin a new life together after he returns home from the Korean War. Their newfound stability gets upended by the arrival of Lee's charismatic brother, a gambler with a secret past. It features great performances but is a little too restrained to have much impact. Rent or buy. My recommendation: Why you should watch it: As someone who knows very little about U2, I wasn't looking forward to this self-indulgent-sounding one-man show from Bono, the band's frontman, but I walked away from it impressed by the filmmaking, the music and by Bono's skills as an orator and his vulnerability. Andrew Dominik's film is a movie version of Bono's Stories of Surrender, a filmed version of shows that took place at the Beacon Theater in New York City. It's a very striking-looking production, making a meal out of what could have easily been a lazy "point the camera at the stage and shoot" job,and I found myself moved by Bono's stories about his lack of a meaningful relationship with his father as well as tales of the band and their years of activism. And the songs sound great! As a firm non-U2 fan I enjoyed this, but I feel safer saying that fans of the man and the band will love this, and more casual observers will likely get something out of it. 🍿 What critics are saying: Reviews skew positive with the Wrap's Steve Pond calling it it "bombastic" and "extravagant" in a good way and the Hollywood Reporter praising its "arresting cinematic quality." 👀 How to watch: Bono: Stories of Surrender is now streaming on Apple TV+. Stream 'Bono: Stories of Surrender' 🤔 If that's not for you... : What if the hit HBO show Succession was a feature-length broad comedy that allowed no time for any real character development and instead stuck with archetypes about billionaires ruining the world via AI? It would be pretty annoying it turns out! I found this to be insufferable, but you may not; it's a new original movie from Jesse Armstrong, creator of Succession. Starts streaming Saturday night on HBO Max. : A Korean animated movie set in the year 2050 in Seoul, following an astronaut with dreams of exploring Mars who must leave the love of his life when chosen for an expedition. Now streaming on Netflix. My not-quite-a-recommendation: Why you should maybe still watch it: Marvel's latest Captain America was the highest-grossing movie of 2025 until A Minecraft Movie dethroned it faster than you can say 'chicken jockey' and then Sinners' success pushed it to number three. In the film, Sam Wilson (Anthony Mackie, sporting the superhero's suit and shield) finds himself in the middle of an international incident after meeting with newly elected U.S. President Thaddeus Ross (Harrison Ford). He must discover the reason behind a nefarious global plot before the true mastermind has the entire world seeing red. Ford turning into Red Hulk was the centerpiece of the film's marketing campaign, which is a real shame considering the movie treats it as a late reveal and most of the audience is likely already aware that's what's happening. That means that for most of the movie, it's just Ford taking pills to stop from Hulking out, which isn't very exciting to watch. It's also a bizarre artifact in terms of how it fits into the larger Marvel Cinematic Universe — not only is it a stealth sequel to 2008's The Incredible Hulk, but it also requires you to have watched the Disney+ series The Falcon & Winter Soldier to fully grasp who some of the key characters are. The final product is poorly assembled and visually muddled, but fans of the MCU who missed it in theaters and want to stay up-to-date ahead of Thunderbolts* now have their chance to see it "for free." 🍿 What critics are saying: Reviews were not kind, with Mashable's Kristy Puchko labeling it a "wasted opportunity" and Wendy Ide at the Guardian dubbing it "a humorless drag of a picture." Even a somewhat positive review from USA Today's Brian Truitt includes this reprimand: "Captain America deserves better." 👀 How to watch: Captain America: Brave New World is now streaming on Disney+. Stream 'Brave New World' 🤔 If that's not for you... :Based on the beloved series of kids books from the author of Captain Underpants, it's about a police officer and his dog becoming a hybrid dog man after an accident, which sounds like R-rated body horror flick but is actually cute and made for children. Now streaming on Peacock. That's all for this week — we'll see you next Friday at the movies!
Yahoo
3 days ago
- Entertainment
- Yahoo
See Wes Anderson's 'The Phoenician Scheme' in theaters, rent 'The Prosecutor,' stream 'Captain America: Brave New World,' plus more movies to watch this weekend
We independently evaluate the products we review. When you buy via links on our site, we may receive compensation. Read more about how we vet products and deals. Hello, Yahoo Entertainment readers! I'm Brett Arnold, a longtime writer and editor at Yahoo and film critic at my 'Siskel & Ebert' tribute podcast, Roger & Me, and welcome to Trust Me, I Watch Everything. I'm here to recommend what you should see in movie theaters, rent from the comfort of your couch or queue up from a streaming service you may already subscribe to. I watch it all so you don't have to. This week, there are two great options in limited release theatrically, The Phoenician Scheme and Tornado. There's also a super-fun rental in The Prosecutor, a moving one-man show on Apple TV+ Bono: Stories of Surrender and the box-office smash Captain America: Brave New World makes its way to Disney+. That's not all — there's something for everyone so keep reading for the full weekly what to watch guide. What to watch in theaters Movies newly available to rent or buy Movies debuting on streaming services you may already have Movies newly available on streaming services you may already have My recommendation: Why you should watch it: Wes Anderson and his trademark aesthetic are back just two years after the profoundly moving and deeply personal Asteroid City. This time, the writer/director is delivering perhaps the silliest movie he has ever made, or at least the goofiest one in a long while, and I mean that as a compliment. In fact, the movie is as sincere and emotional as anything he's ever made! Benicio Del Toro is sublime as 'Zsa-Zsa' Korda, an industrialist and arms dealer who, after surviving his sixth assassination attempt, finally realizes he needs to appoint an heir to his fortune. He has nine sons he doesn't pay attention to, but he also has an estranged child (played by Kate Winslet's daughter Mia Threapleton in a wonderfully deadpan performance) and decides that she's the one to take on his business dealings, which amount to the very specific and titular scheme. This has to be the first Anderson movie to feature a fighter jet sequence and it's every bit as delightful as that sounds. The joys here, and some of the film's biggest laughs, come from not only the eccentric characters and beautiful compositions we've come to expect from Anderson, but also from the surprising things you don't expect to see in a movie like this. I didn't know I needed to see a man violently (and bloodily!) explode in Wes Anderson's signature style, but I absolutely did, and I likely haven't laughed harder at anything this year. The cast features a ton of A-listers and Anderson regulars like Tom Hanks, Bryan Cranston, Jeffrey Wright, Riz Ahmed, Scarlett Johansson and Benedict Cumberbatch, with the standout supporting player Michael Cera, who fits perfectly into Anderson's overall aesthetic. Fans are in for a hilarious treat! 🍿 What critics are saying: They're mostly on board here, with Rolling Stone's David Fear calling it one of his best films and William Bibbiani at the Wrap praising its leading man, saying "Del Toro hasn't had a role this juicy in ages, and he's captivating at all times." The BBC's Nicholas Barber, however, says "it feels as if Anderson and his team were enjoying it more than audiences ever will." 👀 How to watch: The Phoenician Scheme is currently playing in limited release and expands wide next week. Get tickets ➕ Bonus recommendation: Why you should watch it: Tornado is just your average Scottish samurai-western ... wait, what?! Clearly inspired by Japanese cinema (with a side of Quentin Tarantino), Scottish filmmaker John Maclean returns with Tornado, a decade after his 2015 indie debut, Slow West, with Michael Fassbender. Actress Kōki stars as Tornado, a Japanese puppeteer's daughter who gets caught up with criminals when their traveling circus show crosses paths with an infamous gang of criminals, led by Sugarman (Tim Roth) and his son Little Sugar (Jack Lowden). It's as riveting as it is efficient, running a brisk 85-minutes and wastes no time setting up the stakes. The story is familiar but imbued with enough specific quirks and eye-catching style that it feels entirely unique. 🍿 What critics are saying: Critics largely agree that it's worth a look. IndieWire's Josh Slater-Williams dug it and praised the performance of Takehiro Hira, who was recently nominated for an Emmy for his work on Shōgun while Peter Bradshaw at the Guardian praised the distinctive "film-making language." On the other side of things, David Jenkins at Little White Lies says that ultimately "we're left with a film which leaves only a superficial impression and little sense of purpose." 👀 How to watch: Tornado is now playing in limited release theatrically. Get tickets 🤔 If those aren't for you... : A legacy sequel that's basically just another remake as the plot is the exact same one we've seen twice now, in the original 1984 and the 2010 flick, not to mention the other sequels and the massively popular Netflix spinoff series Cobra Kai. It attempts to unite the two main entries in a very perfunctory way and the movie is so briskly-paced that there's no real time spent setting up stakes, yet somehow it still finds time for strange subplots. It's a shame the movie is such a mess because the new karate kid Ben Wang is great and the fights themselves are entertaining, but the inclusion of both Jackie Chan and Ralph Macchio feels forced. Kids, however, will likely be entertained, but nothing here touches the original, which is a classic for a reason. — Get tickets. :The filmmakers behind A24's hit horror film Talk to Me are back with another unsettling genre flick about a foster mother with a terrifying secret. The Philippou brothers again prove their ability to craft genuinely shocking moments, but this is pretty familiar stuff. — Get tickets. : A gripping ripped-from-the-headlines spy drama about a Syrian refugee pursuing the regime's fugitive leaders. It's quite good! — Get tickets. My recommendation: Why you should watch it: Hong Kong action star and martial arts legend Donnie Yen stars in this super-fun hybrid of an action movie and a courtroom thriller. Yes, Donnie Yen is a lawyer and yes, he kicks people's butts as well. He also directed the movie — a triple threat! The inspired silliness here is pitched in exactly the right key, the fight scenes are impressively choreographed and shot innovatively and the wrongly-accused man plot goes down smooth. Imagine watching a serious, earnest courtroom drama like A Few Good Men, and then imagine if that movie stopped every other scene to feature an insane action sequence that was relevant to the plot. It's a riot and has plenty to say about what justice actually means. 🍿 What critics are saying: They dig it! Indiewire's David Ehrlich says its "perhaps best enjoyed as the meta story of an action star who refuses to be aged out of his metier" and Richard Kuipers at Variety similarly praised the "top notch" action prowess of its 61-year-old star. 👀 How to watch: The Prosecutor is now available to rent or buy on digital and on-demand. Rent or buy 🤔 If that's not for you... :Kerry Washington and Omar Sy star in this action flick from veteran of the genre Joe Carnahan. An estranged couple with a bounty on their heads must go on the run with their son to avoid their former employer, a unit of shadow ops that has been sent to kill them. — Rent or buy. : Daisy Edgar-Jones, Jacob Elordi and Will Poulter star in this adaptation of the book of the same name. Muriel and her husband, Lee, begin a new life together after he returns home from the Korean War. Their newfound stability gets upended by the arrival of Lee's charismatic brother, a gambler with a secret past. It features great performances but is a little too restrained to have much impact. Rent or buy. My recommendation: Why you should watch it: As someone who knows very little about U2, I wasn't looking forward to this self-indulgent-sounding one-man show from Bono, the band's frontman, but I walked away from it impressed by the filmmaking, the music and by Bono's skills as an orator and his vulnerability. Andrew Dominik's film is a movie version of Bono's Stories of Surrender, a filmed version of shows that took place at the Beacon Theater in New York City. It's a very striking-looking production, making a meal out of what could have easily been a lazy "point the camera at the stage and shoot" job,and I found myself moved by Bono's stories about his lack of a meaningful relationship with his father as well as tales of the band and their years of activism. And the songs sound great! As a firm non-U2 fan I enjoyed this, but I feel safer saying that fans of the man and the band will love this, and more casual observers will likely get something out of it. 🍿 What critics are saying: Reviews skew positive with the Wrap's Steve Pond calling it it "bombastic" and "extravagant" in a good way and the Hollywood Reporter praising its "arresting cinematic quality." 👀 How to watch: Bono: Stories of Surrender is now streaming on Apple TV+. Stream 'Bono: Stories of Surrender' 🤔 If that's not for you... : What if the hit HBO show Succession was a feature-length broad comedy that allowed no time for any real character development and instead stuck with archetypes about billionaires ruining the world via AI? It would be pretty annoying it turns out! I found this to be insufferable, but you may not; it's a new original movie from Jesse Armstrong, creator of Succession. Starts streaming Saturday night on HBO Max. : A Korean animated movie set in the year 2050 in Seoul, following an astronaut with dreams of exploring Mars who must leave the love of his life when chosen for an expedition. Now streaming on Netflix. My not-quite-a-recommendation: Why you should maybe still watch it: Marvel's latest Captain America was the highest-grossing movie of 2025 until A Minecraft Movie dethroned it faster than you can say 'chicken jockey' and then Sinners' success pushed it to number three. In the film, Sam Wilson (Anthony Mackie, sporting the superhero's suit and shield) finds himself in the middle of an international incident after meeting with newly elected U.S. President Thaddeus Ross (Harrison Ford). He must discover the reason behind a nefarious global plot before the true mastermind has the entire world seeing red. Ford turning into Red Hulk was the centerpiece of the film's marketing campaign, which is a real shame considering the movie treats it as a late reveal and most of the audience is likely already aware that's what's happening. That means that for most of the movie, it's just Ford taking pills to stop from Hulking out, which isn't very exciting to watch. It's also a bizarre artifact in terms of how it fits into the larger Marvel Cinematic Universe — not only is it a stealth sequel to 2008's The Incredible Hulk, but it also requires you to have watched the Disney+ series The Falcon & Winter Soldier to fully grasp who some of the key characters are. The final product is poorly assembled and visually muddled, but fans of the MCU who missed it in theaters and want to stay up-to-date ahead of Thunderbolts* now have their chance to see it "for free." 🍿 What critics are saying: Reviews were not kind, with Mashable's Kristy Puchko labeling it a "wasted opportunity" and Wendy Ide at the Guardian dubbing it "a humorless drag of a picture." Even a somewhat positive review from USA Today's Brian Truitt includes this reprimand: "Captain America deserves better." 👀 How to watch: Captain America: Brave New World is now streaming on Disney+. Stream 'Brave New World' 🤔 If that's not for you... :Based on the beloved series of kids books from the author of Captain Underpants, it's about a police officer and his dog becoming a hybrid dog man after an accident, which sounds like R-rated body horror flick but is actually cute and made for children. Now streaming on Peacock. That's all for this week — we'll see you next Friday at the movies!
Geek Tyrant
5 days ago
- Entertainment
- Geek Tyrant
Awesome Trailer for the Martial Arts Action Film TORNADO — GeekTyrant
There's an awesome-looking martial arts action movie coming out this weekend titled Tornado , and I don't know how I missed this! This movie looks like an insanely badass revenge story. The the film, Tornado vows to seek vengeance and forge her own destiny by stealing the gang's ill-gotten gold after her father's puppet Samurai show is ambushed by a notorious gang. The story is set in the rugged landscape of 1790s Britain, 'Tornado is a young and determined Japanese woman who finds herself caught in a perilous situation when she and her father's travelling puppet Samurai show crosses paths with a gang of ruthless criminals led by Sugarman, and his ambitious son Little Sugar. 'In an attempt to create a new life for herself, Tornado seizes the opportunity to take matters into her own hands and steal the gold from their most recent heist. With her father murdered by the gang and her life in grave danger, Tornado races against time to escape a violent demise and avenge her father's death.' The movie was written and directed by John Maclean and it stars Tim Roth, Jack Lowden, Takehiro Hira and Kōki. The movie is set to hit theaters on May 30, 2025.
Globe and Mail
5 days ago
- Business
- Globe and Mail
Tornado Infrastructure Equipment Reports First Quarter 2025 Results
CALGARY, Alberta, May 27, 2025 (GLOBE NEWSWIRE) -- Tornado Infrastructure Equipment Ltd. ('Tornado' or the 'Company') (TSX-V: TGH; OTCQX: TGHLF) today reported its unaudited condensed consolidated financial results for the three months period ended March 31, 2025. The unaudited condensed consolidated financial statements and related management discussion and analysis are available on the Company's issuer profile in Canada on SEDAR+ at in the United States at and on the Company's website All amounts reported in this news release are in thousands ($000's CAD) except per share amounts. Significant Developments and Q1/2025 Overview On May 15, 2025, the Company closed the acquisition (the 'Acquisition') of all the issued and outstanding shares of Custom Vacuum Services Ltd. ('CustomVac') for an aggregate purchase price of $28 million (the 'Purchase Price') paid in cash, subject to customary closing adjustments. CustomVac is located in Nisku, Alberta and manufactures and services truck-mounted and semi-trailer mounted vacuum equipment, both for the oil and gas, and the utilities, excavation, environmental and safety sectors in Canada. This Acquisition is a key component of Tornado's broader strategy to expand its footprint across the infrastructure equipment sector. The Acquisition presents significant synergy opportunities, including cross-selling across both customer bases, leveraging Tornado's established sales channels in Canada and the United States to drive increased sales of CustomVac products, and utilizing Tornado's established and scalable supply chain to reduce production costs and improve efficiency. The Acquisition provides a new product line for Tornado which includes units that are designed for the transportation of dangerous goods, which expands Tornado's product offering to its customers. The Acquisition is expected to be profitable and immediately accretive to Tornado. CustomVac's unaudited trailing 12-month gross profit was $9.58 million and had assets of $11.59 million as at January 31, 2025. The Company is not assuming any long-term debt in connection with the Acquisition. The Purchase Price was fully funded by a combination of cash on hand and the drawdown of a new non-revolving term loan under the Company's amended credit facility with its lender, a Canadian Schedule I chartered bank. The Company has continued strong performance across sales, gross profit, EBITDAS (1) and net income in Q1/2025. Net income per share (diluted) of $0.020 increased by $0.002 (11.1%) compared to $0.018 in Q1/2024. Net income of $2,846 increased by $419 (17.3%) compared to $2,427 in Q1/2024. This improvement was primarily driven by higher revenue from increased hydrovac truck sales, enhanced production efficiency at the Red Deer facility, and cost savings from scaled operations. EBITDAS per share (diluted) (1) of $0.032 increased by $0.007 (25.0%) compared to $0.025 in Q1/2024. EBITDAS of $4,522 increased by $1,088 (31.7%) compared to $3,434 in Q1/2024. This increase was principally due to increased revenue and increased gross profit. Revenue of $35,649 increased by $1,745 (5.1%) compared to $33,904 in Q1/2024 as a result of: (i) the positive impact of the four-year Product Supply and Development Agreement (the 'Supply Contract') with Ditch Witch, a division of The Toro Company ('Ditch Witch'), which the Company entered into in 2022 for the co-development and supply of customized hydrovac trucks; (ii) the increase in sales from the sales arrangement with Custom Truck One Source ('Custom Truck'), who is a single-source provider of specialized truck and heavy equipment solutions with over 40 locations across North America; (iii) the increase in sales pricing of hydrovac trucks, particularly in Q1/2025, supported by a stronger U.S. dollar ('USD'); (iv) the increase in the number of hydrovac trucks sold; and (v) the increase in demand for hydrovac trucks in North America. During Q1/2025 the Company sold 81 hydrovac trucks compared to 79 in Q1/2024. Gross profit of $7,749 increased by $2,007 (35.0%) compared to $5,742 in Q1/2024 principally due to increased revenue, improved operating efficiency at the Red Deer facility, supply chain advantages from increased purchasing power and favorable foreign exchange impacts from a stronger USD. Selling and general administrative expenses of $3,227 increased by $840 (35.2%) compared to $2,387 in Q1/2024. The increase was principally due to generally increased employee, sales and travel costs to handle present and anticipated growth and non-recurring professional fees. (1) Non-IFRS Financial Measures – EBITDAS is calculated by subtracting interest, tax, depreciation, amortization, stock-based compensation, gain/loss on foreign exchange, gain/loss on disposal of fixed assets and change in fair value of derivative financial instruments from earnings. EBITDAS per share (diluted) is calculated by dividing EBITDAS by the total number of diluted common shares. The terms EBITDAS and EBITDAS per share (diluted) are non-IFRS financial measures, and readers are cautioned that EBITDAS and EBITDAS per share (diluted) should not be considered to be more meaningful than net income determined in accordance with IFRS. Brett Newton, President and Chief Executive Officer of Tornado, commented: 'Tornado delivered another strong quarter in Q1 2025, driven by solid market demand and consistent operational execution. The acquisition of CustomVac meaningfully expands our product portfolio and creates new opportunities for cross-selling and supply chain efficiency. With the anticipated completion of our new production building in Red Deer later this year, we are well positioned to meet increasing demand. At the same time, we continue to invest in product innovation through internal design initiatives, with several new offerings already launched in 2025. These developments reinforce our confidence in the future and our commitment to long-term, sustainable growth.' Financial and Operating Highlights (in CAD $000's except outstanding common share and per share data) Three Months ended March 31 2025 2024 Revenue $ 35,649 $ 33,904 Cost of sales 27,900 28,162 Gross profit 7,749 5,742 Selling and general administrative expenses 3,227 2,387 Other (gain)/loss – foreign exchange 169 (279) Depreciation and amortization 268 188 Finance expense 69 78 Stock-based compensation 377 196 Change in fair value of derivative financial instruments (31) - Loss on disposal of fixed assets 64 - Income before tax 3,606 3,172 Income tax expense (760) (745) Net income $ 2,846 $ 2,427 EBITDAS (1) $ 4,522 $ 3,434 Outstanding common shares 137,716,230 135,931,119 EBITDAS per share – diluted (1) $ 0.032 $ 0.025 Net income per share – diluted $ 0.020 $ 0.018 (1) See 'Non-IFRS Financial Measures' above. Outlook Management expects the Company's production and sales of hydrovac trucks and profitability to continue to grow in 2025 for the following reasons: Expected continued spending on infrastructure in our industry across North America. The anticipated increased revenues and benefits from the strategic Acquisition of CustomVac, including expanded product offerings, cross-selling opportunities, and improved supply chain efficiency. The continuing addition of new and innovative products that will support the infrastructure, telecommunications and oil and gas industries. The anticipated increasing revenues and benefits from the sales arrangement with its U.S. strategic partner, Custom Truck. The anticipated increase in production capacity and operating efficiencies resulting from the completion of the new production building being constructed at the Red Deer facility, which is expected to be completed in Q2/2025. The Company's strategy to introduce new product lines to increase revenue by internal development and through synergistic business acquisitions. The Company's commitment to continuous improvement of its hydrovac truck design which in the Company's view will result in advantages over other hydrovac trucks currently offered in the market. The Company's ability to continue to secure key manufacturing components, including chassis for customers, into future years through strategic supplier relationships. The Company has strengthened its dealer relationships in both Canada and U.S. to meet the expected demand increase. Expanded North American coverage for maintenance warranty and repair to serve customers better. Favorable impact of a strengthened USD on a significant portion of the Company's U.S. sales, which supports improved gross margins on those transactions. About Tornado Infrastructure Equipment Ltd. Tornado is a pioneer and leader in the vacuum truck industry and has been a choice of utility and oilfield professionals with over 1,800 hydrovacs sold since 2008. The Company designs and manufactures hydrovac trucks as well as provides heavy duty truck maintenance operations in central Alberta. It sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Hydrovac trucks use high pressure water and vacuum to safely penetrate and cut soil to expose critical infrastructure for repair and installation without damage. Hydrovac excavation methods are quickly becoming a standard in North America to safely excavate in urban areas and around critical infrastructure greatly reducing infrastructure damage and related fatalities. For more information about Tornado Infrastructure Equipment Ltd., visit or contact: Advisory Certain statements contained in this news release constitute forward-looking statements. These statements relate to future events. All statements other than statements of historical fact are forward-looking statements. The use of the words 'anticipates', 'should', ''may', 'expected', 'expects', 'believes' and other words of a similar nature are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Tornado believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Such statements include those with respect to: the Company's outlook for 2025; the expectation that the Company's production, sales of hydrovac trucks and profitability for 2025 will continue to grow; the expectation that the Acquisition presents significant synergy opportunities, including cross-selling across both customer bases, leveraging Tornado's established sales channels in Canada and the United States to drive increased sales of CustomVac products, and utilizing Tornado's established and scalable supply chain to reduce production costs and improve efficiency; the expectation that the Acquisition provides a new product line for Tornado which includes units that are designed for the transportation of dangerous goods, which expands Tornado's product offering to its customers; the expectation that the Acquisition will be profitable and immediately accretive to Tornado; the expectation that the Acquisition creates new opportunities for cross-selling and supply chain efficiency; the exception that with the anticipated completion of our new production building in Red Deer later this year, we will be well positioned to meet increasing demand; the anticipated increased revenues and benefits from the strategic Acquisition of CustomVac, including expanded product offerings, cross-selling opportunities, and improved supply chain efficiency; the anticipated increasing revenues and benefits from the sales arrangement with its U.S. strategic partner, Custom Truck; the anticipated increase in production capacity and operating efficiencies resulting from the completion of the new building being constructed at the Red Deer Facility, which is expected to be completed in Q2/2025; the expectation of continued spending on infrastructure in our industry across North America; the Company's strategy to introduce new product lines to increase revenue by internal development and through synergistic business acquisitions. the expectation of adding new and innovative products that will support the infrastructure, telecommunications and oil and gas industries; management's belief that the Company's commitment to continuous improvement of its hydrovac truck design which in the Company's view will result in advantages over other hydrovac trucks currently offered in the market; management's belief in its continuing ability of securing key manufacturing components, including chassis, for customers into future years through strategic supplier relationships; management's belief in the positive impact of strengthened dealer relationships in both Canada and U.S. to meet the expected demand increase; management's belief in the positive impact of expanded North American coverage for maintenance warranty and repair; and management's belief that a strengthened USD will have a favorable impact on gross margins for U.S. sales, supporting improved profitability on cross border transactions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of Tornado. Although Tornado believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. The forward-looking statements contained in this news release represent Tornado's expectations as of the date hereof and are subject to change after such date. Tornado disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.
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Tornado Infrastructure Equipment Reports First Quarter 2025 Results
Net Income Increased by 17.3% Compared to Q1/2024 CALGARY, Alberta, May 27, 2025 (GLOBE NEWSWIRE) -- Tornado Infrastructure Equipment Ltd. ('Tornado' or the 'Company') (TSX-V: TGH; OTCQX: TGHLF) today reported its unaudited condensed consolidated financial results for the three months period ended March 31, 2025. The unaudited condensed consolidated financial statements and related management discussion and analysis are available on the Company's issuer profile in Canada on SEDAR+ at in the United States at and on the Company's website All amounts reported in this news release are in thousands ($000's CAD) except per share amounts. Significant Developments and Q1/2025 Overview On May 15, 2025, the Company closed the acquisition (the 'Acquisition') of all the issued and outstanding shares of Custom Vacuum Services Ltd. ('CustomVac') for an aggregate purchase price of $28 million (the 'Purchase Price') paid in cash, subject to customary closing is located in Nisku, Alberta and manufactures and services truck-mounted and semi-trailer mounted vacuum equipment, both for the oil and gas, and the utilities, excavation, environmental and safety sectors in Canada. This Acquisition is a key component of Tornado's broader strategy to expand its footprint across the infrastructure equipment sector. The Acquisition presents significant synergy opportunities, including cross-selling across both customer bases, leveraging Tornado's established sales channels in Canada and the United States to drive increased sales of CustomVac products, and utilizing Tornado's established and scalable supply chain to reduce production costs and improve efficiency. The Acquisition provides a new product line for Tornado which includes units that are designed for the transportation of dangerous goods, which expands Tornado's product offering to its Acquisition is expected to be profitable and immediately accretive to Tornado. CustomVac's unaudited trailing 12-month gross profit was $9.58 million and had assets of $11.59 million as at January 31, Company is not assuming any long-term debt in connection with the Acquisition. The Purchase Price was fully funded by a combination of cash on hand and the drawdown of a new non-revolving term loan under the Company's amended credit facility with its lender, a Canadian Schedule I chartered bank. The Company has continued strong performance across sales, gross profit, EBITDAS (1) and net income in Q1/2025. Net income per share (diluted) of $0.020 increased by $0.002 (11.1%) compared to $0.018 in Q1/2024. Net income of $2,846 increased by $419 (17.3%) compared to $2,427 in Q1/2024. This improvement was primarily driven by higher revenue from increased hydrovac truck sales, enhanced production efficiency at the Red Deer facility, and cost savings from scaled operations. EBITDAS per share (diluted) (1) of $0.032 increased by $0.007 (25.0%) compared to $0.025 in Q1/2024. EBITDAS of $4,522 increased by $1,088 (31.7%) compared to $3,434 in Q1/2024. This increase was principally due to increased revenue and increased gross profit. Revenue of $35,649 increased by $1,745 (5.1%) compared to $33,904 in Q1/2024 as a result of: (i) the positive impact of the four-year Product Supply and Development Agreement (the 'Supply Contract') with Ditch Witch, a division of The Toro Company ('Ditch Witch'), which the Company entered into in 2022 for the co-development and supply of customized hydrovac trucks; (ii) the increase in sales from the sales arrangement with Custom Truck One Source ('Custom Truck'), who is a single-source provider of specialized truck and heavy equipment solutions with over 40 locations across North America; (iii) the increase in sales pricing of hydrovac trucks, particularly in Q1/2025, supported by a stronger U.S. dollar ('USD'); (iv) the increase in the number of hydrovac trucks sold; and (v) the increase in demand for hydrovac trucks in North America. During Q1/2025 the Company sold 81 hydrovac trucks compared to 79 in Q1/2024. Gross profit of $7,749 increased by $2,007 (35.0%) compared to $5,742 in Q1/2024 principally due to increased revenue, improved operating efficiency at the Red Deer facility, supply chain advantages from increased purchasing power and favorable foreign exchange impacts from a stronger USD. Selling and general administrative expenses of $3,227 increased by $840 (35.2%) compared to $2,387 in Q1/2024. The increase was principally due to generally increased employee, sales and travel costs to handle present and anticipated growth and non-recurring professional fees. (1) Non-IFRS Financial Measures – EBITDAS is calculated by subtracting interest, tax, depreciation, amortization, stock-based compensation, gain/loss on foreign exchange, gain/loss on disposal of fixed assets and change in fair value of derivative financial instruments from earnings. EBITDAS per share (diluted) is calculated by dividing EBITDAS by the total number of diluted common shares. The terms EBITDAS and EBITDAS per share (diluted) are non-IFRS financial measures, and readers are cautioned that EBITDAS and EBITDAS per share (diluted) should not be considered to be more meaningful than net income determined in accordance with IFRS. Brett Newton, President and Chief Executive Officer of Tornado, commented: 'Tornado delivered another strong quarter in Q1 2025, driven by solid market demand and consistent operational execution. The acquisition of CustomVac meaningfully expands our product portfolio and creates new opportunities for cross-selling and supply chain efficiency. With the anticipated completion of our new production building in Red Deer later this year, we are well positioned to meet increasing demand. At the same time, we continue to invest in product innovation through internal design initiatives, with several new offerings already launched in 2025. These developments reinforce our confidence in the future and our commitment to long-term, sustainable growth.' Financial and Operating Highlights (in CAD $000's except outstanding common share and per share data) Three Months ended March 31 2025 2024 Revenue $ 35,649 $ 33,904 Cost of sales 27,900 28,162 Gross profit 7,749 5,742 Selling and general administrative expenses 3,227 2,387 Other (gain)/loss – foreign exchange 169 (279 ) Depreciation and amortization 268 188 Finance expense 69 78 Stock-based compensation 377 196 Change in fair value of derivative financial instruments (31 ) - Loss on disposal of fixed assets 64 - Income before tax 3,606 3,172 Income tax expense (760 ) (745 ) Net income $ 2,846 $ 2,427 EBITDAS (1) $ 4,522 $ 3,434 Outstanding common shares 137,716,230 135,931,119 EBITDAS per share – diluted (1) $ 0.032 $ 0.025 Net income per share – diluted $ 0.020 $ 0.018 (1) See 'Non-IFRS Financial Measures' above. Outlook Management expects the Company's production and sales of hydrovac trucks and profitability to continue to grow in 2025 for the following reasons: Expected continued spending on infrastructure in our industry across North America. The anticipated increased revenues and benefits from the strategic Acquisition of CustomVac, including expanded product offerings, cross-selling opportunities, and improved supply chain efficiency. The continuing addition of new and innovative products that will support the infrastructure, telecommunications and oil and gas industries. The anticipated increasing revenues and benefits from the sales arrangement with its U.S. strategic partner, Custom Truck. The anticipated increase in production capacity and operating efficiencies resulting from the completion of the new production building being constructed at the Red Deer facility, which is expected to be completed in Q2/2025. The Company's strategy to introduce new product lines to increase revenue by internal development and through synergistic business acquisitions. The Company's commitment to continuous improvement of its hydrovac truck design which in the Company's view will result in advantages over other hydrovac trucks currently offered in the market. The Company's ability to continue to secure key manufacturing components, including chassis for customers, into future years through strategic supplier relationships. The Company has strengthened its dealer relationships in both Canada and U.S. to meet the expected demand increase. Expanded North American coverage for maintenance warranty and repair to serve customers better. Favorable impact of a strengthened USD on a significant portion of the Company's U.S. sales, which supports improved gross margins on those transactions. About Tornado Infrastructure Equipment Ltd. Tornado is a pioneer and leader in the vacuum truck industry and has been a choice of utility and oilfield professionals with over 1,800 hydrovacs sold since 2008. The Company designs and manufactures hydrovac trucks as well as provides heavy duty truck maintenance operations in central Alberta. It sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Hydrovac trucks use high pressure water and vacuum to safely penetrate and cut soil to expose critical infrastructure for repair and installation without damage. Hydrovac excavation methods are quickly becoming a standard in North America to safely excavate in urban areas and around critical infrastructure greatly reducing infrastructure damage and related fatalities. For more information about Tornado Infrastructure Equipment Ltd., visit or contact: Brett NewtonPresident and Chief Executive OfficerPhone: (587) 802-5070Email: bnewton@ Derek LiVice President and Chief Financial OfficerPhone: (403) 204-6350Email: dli@ Advisory Certain statements contained in this news release constitute forward-looking statements. These statements relate to future events. All statements other than statements of historical fact are forward-looking statements. The use of the words 'anticipates', 'should', ''may', 'expected', 'expects', 'believes' and other words of a similar nature are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Tornado believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Such statements include those with respect to: the Company's outlook for 2025; the expectation that the Company's production, sales of hydrovac trucks and profitability for 2025 will continue to grow; the expectation that the Acquisition presents significant synergy opportunities, including cross-selling across both customer bases, leveraging Tornado's established sales channels in Canada and the United States to drive increased sales of CustomVac products, and utilizing Tornado's established and scalable supply chain to reduce production costs and improve efficiency; the expectation that the Acquisition provides a new product line for Tornado which includes units that are designed for the transportation of dangerous goods, which expands Tornado's product offering to its customers; the expectation that the Acquisition will be profitable and immediately accretive to Tornado; the expectation that the Acquisition creates new opportunities for cross-selling and supply chain efficiency; the exception that with the anticipated completion of our new production building in Red Deer later this year, we will be well positioned to meet increasing demand; the anticipated increased revenues and benefits from the strategic Acquisition of CustomVac, including expanded product offerings, cross-selling opportunities, and improved supply chain efficiency; the anticipated increasing revenues and benefits from the sales arrangement with its U.S. strategic partner, Custom Truck; the anticipated increase in production capacity and operating efficiencies resulting from the completion of the new building being constructed at the Red Deer Facility, which is expected to be completed in Q2/2025; the expectation of continued spending on infrastructure in our industry across North America; the Company's strategy to introduce new product lines to increase revenue by internal development and through synergistic business acquisitions. the expectation of adding new and innovative products that will support the infrastructure, telecommunications and oil and gas industries; management's belief that the Company's commitment to continuous improvement of its hydrovac truck design which in the Company's view will result in advantages over other hydrovac trucks currently offered in the market; management's belief in its continuing ability of securing key manufacturing components, including chassis, for customers into future years through strategic supplier relationships; management's belief in the positive impact of strengthened dealer relationships in both Canada and U.S. to meet the expected demand increase; management's belief in the positive impact of expanded North American coverage for maintenance warranty and repair; and management's belief that a strengthened USD will have a favorable impact on gross margins for U.S. sales, supporting improved profitability on cross border transactions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of Tornado. Although Tornado believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. The forward-looking statements contained in this news release represent Tornado's expectations as of the date hereof and are subject to change after such date. Tornado disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
