Canadian industrial equipment supplier Toromont Industries Ltd (TIH.TO) reported a 13 percent increase in quarterly profit on Thursday and said a healthy backlog of business supports a positive outlook for 2011. The company, which sells, rents and services a broad range of Caterpillar Inc (CAT.N) heavy-construction and industrial equipment, said it earned C$35.4 million ($36.1 million), or 47 Canadian cents a share, in the fourth quarter ended Dec. 31. That compares with a profit of C$31.4 million, or 48 Canadian cents a share, in the same period last year, when it had fewer shares outstanding.
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