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Techtronic Inds Ltd (TTNDY) is a global leader in cordless technology innovation, delivering professional-grade power tools, outdoor equipment, and cleaning solutions. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry observers will find curated updates including earnings reports, product launches, and strategic partnerships. Our news collection supports informed decision-making by providing timely access to operational milestones and technological advancements across the company's core segments.
Key coverage areas include innovations in battery-powered tools, expansion of manufacturing capabilities, and sustainability initiatives. All content is sourced directly from verified corporate communications to ensure accuracy and relevance for both professional analysts and engaged shareholders.
Bookmark this page for streamlined access to TTNDY's latest developments and historical performance data. Check regularly for updates that matter in the evolving landscape of power equipment and cordless technology innovation.
Techtronic Industries (TTNDY) reported exceptional financial results for 2024, achieving record sales of US$14.6 billion, representing a 6.8% growth in local currency and 6.5% at reported rates. The company's flagship MILWAUKEE brand demonstrated strong performance with 11.6% sales growth, while RYOBI grew by 6.4% in local currency.
Key financial highlights include:
- Gross margin improved 85 bps to 40.3%
- EBIT grew 11.9% to US$1,270 million
- Net profit increased 14.9% to US$1,122 million
- Earnings per share rose 15.1% to US61.43 cents
- Working capital improved 322 bps to 14.4%
- Record Free Cash Flow of US$1.6 billion
- Total net debt of US$44 million with gearing of 0.7%
The Board recommended a final dividend of HK118.00 cents per share, bringing the full-year dividend to HK226.00 cents per share.
Techtronic Industries (TTNDY), a global leader in cordless power tools and equipment, has joined the United Nations Global Compact, the world's largest voluntary corporate sustainability initiative with over 25,000 signatories across 160+ countries. CEO Steve Richman highlighted the company's long-standing commitment to sustainability, noting their history of ESG reporting since 2015 and alignment with UN Sustainable Development Goals since 2018.
The company commits to annual progress reporting through their ESG Report and the UN Global Compact website, focusing on areas including safety solutions, noise reduction, supply chain traceability, decarbonization, and governance. TTI's sustainability strategy now officially aligns with the Ten Principles covering human rights, labor, environment, and anti-corruption. Their next ESG report is scheduled for March 2025.
Techtronic Industries (TTI) reported strong results for the first half of 2024, with sales growing 6.3% to US$7.3 billion and net profit increasing 15.7% to US$550 million. The company's gross margin expanded by 67 basis points to 39.9%. TTI's flagship MILWAUKEE brand achieved double-digit sales growth of 11.2% in local currency, while RYOBI outperformed the market.
Key financial highlights include:
- EBIT grew 11.8% to US$626 million
- Earnings per share increased 15.8% to US30.12 cents
- Free Cash Flow reached a record US$508 million
- Gearing improved to 9.2%
The company declared an interim dividend of HK108.00 cents per share, up 13.7% from the previous year. TTI's strong performance was attributed to its focus on cordless technology innovation and market leadership in power tools and outdoor power equipment.
Techtronic Industries Co. (TTI) reported strong financial results for the first half of 2024. Revenue increased 6.3% to US$7.3 billion, while net profit grew 15.7% to US$550 million. The company's gross margin expanded by 67 basis points to 39.9%. TTI's flagship MILWAUKEE brand achieved double-digit sales growth of 11.2% in local currency, solidifying its position as the top professional power tool brand globally.
Other highlights include:
- EBIT grew 11.8% to US$626 million
- Earnings per share increased 15.8% to US30.12 cents
- Free Cash Flow reached a record US$508 million
- Interim dividend increased 13.7% to approximately US13.90 cents per share
TTI's strong performance was driven by its focus on cordless technology innovation and strategic investments in new products and talent.
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