Welcome to our dedicated page for TECHTRONIC INDUS ADR news (Ticker: $TTNDY), a resource for investors and traders seeking the latest updates and insights on TECHTRONIC INDUS ADR stock.
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Rhea-AI Summary
Columbus McKinnon (CMCO) and Milwaukee Tool collaborate to introduce BatteryStar™ hoist, a cutting-edge battery-powered hoist enhancing safety and portability in lifting applications. The hoist combines the strength of an electric chain hoist with the convenience of a manual hoist, powered by Milwaukee Tool's M18™ REDLITHIUM™ Battery. It offers portability, intelligence, and safety features like wireless remote control and overcapacity alerts. The hoist will be available for sale in the Summer of 2024 under the CM® and Yale® brands.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
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Rhea-AI Summary
Techtronic Industries Co. Ltd. (TTNDF) reported a strong financial performance for 2023 with a 3.6% increase in revenue, a 14 bps improvement in gross margin to 39.5%, and a record free cash flow of US$1.3 billion. The MILWAUKEE business saw a 10.7% sales growth in local currency, while the Consumer group also showed positive sales growth. Despite a decline in EBIT and net profit, the company remains optimistic for 2024 due to its focus on innovation, technology, and market outperformance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.59%
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Rhea-AI Summary
Techtronic Industries Co. Ltd. (TTNDY) reported a 3.6% increase in sales to US$13.7 billion in 2023, with a record free cash flow of US$1.3 billion. Gross margin improved to 39.5%, EBIT declined by 5.5%, and net profit decreased by 9.4%. MILWAUKEE business saw a 10.7% sales growth, while the Consumer group also showed positive sales growth. The company is well-positioned for market outperformance in 2024.
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Rhea-AI Sentiment
End-of-Day
7.59%
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Techtronic Industries Co. Ltd. announces strong performance in Q3 2023 and expects mid-single digit revenue growth for the second half of 2023.
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Techtronic Industries Co. Ltd. (TTI) announces strong third quarter sales and confident in mid-single digit revenue growth target for the second half of 2023. Milwaukee business continues to outperform, while Consumer business remains in line with the first half of 2023. TTI expects nearly US$1 billion in free cash flow for 2023 and has received three Partner of the Year awards from The Home Depot.
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Techtronic Industries Co. Ltd. (TTI) announces that its brands MILWAUKEE TOOL and RYOBI have been named Partner of the Year in multiple categories in The Home Depot 2023 Innovation Awards. RYOBI Outdoor Power Equipment was also a finalist. TTI's Chairman and CEO express their satisfaction and highlight the strong partnership with The Home Depot. They also emphasize TTI's technological dominance in cordless power tools and outdoor power equipment as The Home Depot aims to transition 85% of its outdoor lawn equipment sales to battery-powered products by 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
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Rhea-AI Summary
Techtronic Industries Co. Ltd.'s brands MILWAUKEE TOOL and RYOBI have been named Partner of the Year in multiple categories in The Home Depot 2023 Innovation Awards. RYOBI Outdoor Power Equipment was also a finalist. This recognition highlights the strong partnership between TTI and The Home Depot. The Home Depot aims to transition 85% of its outdoor lawn equipment sales to battery-powered products by 2028.
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Rhea-AI Sentiment
End-of-Day
-1.78%
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News
Rhea-AI Summary
eMOD partners with Milwaukee Tool to enhance construction safety
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Rhea-AI Sentiment
End-of-Day
-1.78%
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Rhea-AI Summary
Techtronic Industries Co. (TTI) (stock code: 669, OTCQX: TTNDY, TTNDF) announces solid first half 2023 results, with a 2.2% decline in overall sales but 8.7% growth in its flagship MILWAUKEE business. The company reduced inventory by US$651 million and achieved record free cash flow of US$301 million. However, EBIT, profit, and EPS declined by 11.5%, 17.7%, and 17.7% respectively. TTI outperformed the market in North America, with a 3.9% decline in sales, and saw growth in Europe (10.1%) and Rest of World (5.7%). Gross margin improved by 22 bps, attributed to a greater mix towards higher margin businesses and productivity initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.8%
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Rhea-AI Summary
Techtronic Industries Co. Ltd. (TTI) has qualified to trade on the OTCQX Best Market, providing transparent trading for U.S. investors. TTI's ordinary shares will continue to trade on the SEHK. The upgrade is expected to add liquidity and make the stock more accessible.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
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TECHTRONIC INDUS LTD ADR
Nasdaq:TTNDY
TTNDY Rankings
TTNDY Stock Data
25.93B
1.37B
0.06%
Power-Driven Handtool Manufacturing
Manufacturing
United States of America
Kwai Chung