Techtronic Industries ( (HK:0669) ) has provided an update.
Techtronic Industries reported strong financial performance for 2024, with a 6.8% increase in sales to US$14.6 billion and record free cash flow of US$1.6 billion. The company’s flagship MILWAUKEE brand grew by 11.6%, while RYOBI saw a 6.4% increase. TTI’s global operations experienced growth across all regions, with notable improvements in gross profit margin and EBIT. The company also achieved significant reductions in net debt and inventory days, reflecting its successful cost-saving and supply chain initiatives. These results underscore TTI’s robust market positioning and operational efficiency.
More about Techtronic Industries
Techtronic Industries Company Limited (TTI) is a Hong Kong-based company operating in the power tools and equipment industry. It is known for its flagship brands MILWAUKEE and RYOBI, which are leaders in the professional and consumer battery-powered tool markets, respectively. TTI focuses on innovation and market leadership across its core verticals.
YTD Price Performance: -2.62%
Average Trading Volume: 799
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $25.5B
See more data about 0669 stock on TipRanks’ Stock Analysis page.