Techtronic Industries (HK:0669) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Techtronic Industries Company Limited (TTI) has reported a strong financial performance for the first half of 2024, with a 6.3% increase in sales to US$7.3 billion and a significant 15.7% rise in net profit to US$550 million. The company’s flagship MILWAUKEE brand led with an 11.2% growth in sales, contributing to an improved gross margin of 39.9%, while also delivering a record Free Cash Flow of US$508 million. Alongside the financial growth, TTI announced Steven Philip Richman as the new CEO and declared an increased interim dividend of approximately US13.90 cents per share.
For further insights into HK:0669 stock, check out TipRanks’ Stock Analysis page.
