Record First Half of 2025
TTI delivered a record first half of 2025 with double-digit growth in profit and free cash flow. Revenue increased by 7.1% to USD 7.83 billion, and EBIT increased by 13.3% to USD 709 million.
Strong Performance of MILWAUKEE and RYOBI
MILWAUKEE achieved an 11.9% sales growth globally, while RYOBI recorded an 8.7% growth in local currencies. RYOBI cordless has shown a 15% CAGR since 2016.
Improved Margins and Cash Flow
Gross profit increased by 8% to USD 3.16 billion with margins improved by 34 basis points to 40.3%. Free cash flow generation was USD 468 million in the first half of 2025.
Investment in R&D and Innovation
TTI increased R&D spend to 4.6% of sales and continues to focus on disruptive innovation and new product development.
Strong Balance Sheet
Shareholders' equity increased by 6.4% to USD 6.7 billion, and net current assets increased by 10.5% to USD 3.1 billion. The company is in a net cash position as of the first half of 2025.