Techtronic Industries ( (TTNDY) ) has released its Q4 earnings. Here is a breakdown of the information Techtronic Industries presented to its investors.
Techtronic Industries Company Limited, a Hong Kong-based company, specializes in the design, manufacturing, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products for consumer, professional, and industrial users globally. In its latest earnings report for the year ended December 31, 2024, Techtronic Industries reported a strong financial performance with a 6.5% increase in revenue to US$14.6 billion and a record free cash flow of US$1.6 billion. The company’s flagship brands, MILWAUKEE and RYOBI, showed significant growth, with MILWAUKEE achieving an 11.6% increase in local currency sales and RYOBI growing by 6.4%. The company also improved its gross profit margin to 40.3% and reduced its net debt to US$44 million, reflecting a gearing of 0.7%. Key financial metrics highlighted in the report include an 11.9% increase in EBIT to US$1,270 million and a 14.9% rise in net profit to US$1,122 million. Basic earnings per share increased by 15.1% to US61.43 cents, and the dividend per share rose by 17.1% to approximately US29.09 cents. Looking ahead, Techtronic Industries is poised for continued growth, with plans to deliver mid to high-single digit sales growth in 2025, focusing on cordless technology and innovative product designs to maintain its competitive edge in the market.