Techtronic Industries Company Limited ( (TTNDF) ) has released its Q4 earnings. Here is a breakdown of the information Techtronic Industries Company Limited presented to its investors.
Techtronic Industries Company Limited (TTI) is a Hong Kong-based firm specializing in the design, manufacturing, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products for consumer, professional, and industrial users. The company is known for its innovative products and strong brand portfolio, including MILWAUKEE and RYOBI.
In 2024, TTI reported impressive financial results, with sales reaching US$14.6 billion, marking a 6.8% growth in local currency. The company also achieved a record Free Cash Flow of US$1.6 billion, driven by strong performances from its flagship brands MILWAUKEE and RYOBI, which grew by 11.6% and 6.4% respectively.
Key financial highlights include a gross profit margin improvement to 40.3%, an EBIT increase of 11.9% to US$1,270 million, and a net profit rise of 14.9% to US$1,122 million. The company also reduced its net debt to US$44 million, achieving a gearing ratio of 0.7%. TTI’s strategic investments in R&D and cost-saving initiatives contributed to these results, alongside a focus on supply chain efficiency and inventory management.
Looking ahead, TTI is well-positioned to continue its growth trajectory, with plans to deliver mid to high-single digit sales growth in 2025. The company aims to maintain its focus on cordless technology and innovative product development while enhancing profitability across its business segments.