Techtronic Industries Co Ltd

Techtronic Industries Co., Ltd. is an investment holding company, which engages in the manufacture and trade of electrical and electronic products. It operates through the Power Equipment, and Floorcare and Cleaning segments. The Power Equipment segment sells power tools, power tool accessories, outdoor products, and outdoor product accessories for consumer, trade, professional, and industrial users. The Floorcare and Cleaning segment is involved in the sale of floorcare products and floorcare accessories under the HOOVER, DIRT DEVIL, VAX, and ORECK brands. The company was founded by Chi Ping Chung and Horst Julius Pudwill in 1985 and is headquartered in Hong Kong.

Stanley Black & Decker

Stanley Black & Decker and Techtronic Industries have been highlighted in this Industry Outlook article.

Zacks Industry Outlook Stanley Black & Decker and Techtronic Industries

Ongoing weakness in the manufacturing sector impacts the near-term outlook for the Zacks Manufacturing-Tools & Related Products industry. TTNDY and SWK are a couple of stocks to retain.

2 Manufacturing Tool Stocks to Overcome Industry Headwinds

Techtronic Industries stock continues to be a Buy due to its positive cash flow outlook and its growth potential in the EMEA region. TTNDY's free cash flow grew +69% YoY in 1H 2024, and its current free cash flow yield is higher than its historical average. The company's expansion in the EMEA region will most likely boost its future revenue and profitability in a meaningful way.

Techtronic Industries: Focus On Cash Flow And Geographical Expansion

Techtronic Industries Company Limited (OTCQX:TTNDY) Q2 2024 Results Conference Call August 6, 2024 10:30 PM ET Company Participants Horst Pudwill - Chairman Stephan Pudwill - Vice Chairman Steven Richman - CEO Shane Moll - Group President of MILWAUKEE Power Tools Alex Duarte - Senior Group President of EMEA Frank Chan - CFO Conference Call Participants Karen Li - JPMorgan Jacqueline Du - Goldman Sachs John Choi - Daiwa Capital Markets Johnson Wan - Jefferies Sau Chan - CLSA Horst Pudwill Good morning, ladies and gentlemen. Thank you for coming.

Techtronic Industries Company Limited (TTNDY) Q2 2024 Earnings Call Transcript

GROSS MARGIN EXPANDED TO 39.9%, NET PROFIT INCREASED TO US$550 MILLION HONG KONG , Aug. 6, 2024 /PRNewswire/ -- Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries for the six-month period ended June 30, 2024.

TECHTRONIC INDUSTRIES DELIVERS STRONG 2024 FIRST HALF RESULTS

HONG KONG--(BUSINESS WIRE)--Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries for the six-month period ended June 30, 2024. TTI grew sales in the first half of 2024 to US$7.3 billion, up 6.3% in reported currency and 6.6% in local currency. MILWAUKEE delivered double-digit sa.

Techtronic Industries Delivers Strong 2024 First Half Results

My view of Techtronic Industries' leadership transition, the company's share repurchases, and the prospects of rate cuts is favorable. Techtronic Industries' P/E multiple can re-rate to a level closer to or on par with its key customer, Home Depot. I remain bullish on Techtronic Industries based on my assessment of various developments and the stock's valuations.

Techtronic Industries: Good Reasons To Stay Positive

Techtronic Industries' largest client, Home Depot, has recently proposed an acquisition that is likely to boost demand for TTNDY's Milwaukee-branded products. Stanley Black & Decker's latest comments suggest that demand for professional power tools is fairly stable, which is a positive for Techtronic Industries. I stay bullish on TTNDY, following an evaluation of its peer's management commentary and its customer's M&A deal.

Techtronic Industries: Favorable Takeaways From Customer's Acquisition And Peer's Comments

Techtronic Industries Co. (TTNDY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Techtronic Industries Co. (TTNDY) Upgraded to Buy: What Does It Mean for the Stock?

Techtronic Industries Company Limited (OTCQX:TTNDY) Q4 2023 Results Conference Call March 7, 2024 7:00 AM ET Company Participants Horst Pudwill - Chairman Stephan Pudwill - Vice Chairman Joe Galli - CEO Steve Richman - Senior Group President of MILWAUKEE Shane Moll - Group President of MILWAUKEE Power Tools Tim Albrecht - Group President of Hand Tools, Storage, Personal Protective Equipment and Channel Marketing Frank Chan - CFO Horst Pudwill Good morning, ladies and gentlemen. It gives me great pleasure to welcome all of you to TTI's Group of Company's 2023 Full Year Announcement.

Techtronic Industries Company Limited (TTNDY) Q4 2023 Earnings Call Transcript

HONG KONG--(BUSINESS WIRE)--Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce the audited consolidated results of the Company and its subsidiaries for the year ended December 31, 2023. TTI delivered US$13.7 billion of sales in 2023, up 3.6% in reported growth and 3.9% in local currency. Both the MILWAUKEE and our Consumer group of businesses gai.

Techtronic Industries Delivers Solid 2023 Annual Results

GROSS MARGIN EXPANDED TO 39.5%, FREE CASH FLOW INCREASED TO US$1.3 BILLION HONG KONG , March 6, 2024 /PRNewswire/ -- Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce the audited consolidated results of the Company and its subsidiaries for the year ended December 31, 2023.

TECHTRONIC INDUSTRIES DELIVERS SOLID 2023 ANNUAL RESULTS

Techtronic Industries Company Limited has bought back one million of its shares in recent months, which I think has favorable read-throughs relating to its valuations and cash flow. Techtronic Industries is expected to perform better in 2024 as compared to 2023, with growth drivers such as rate cuts and channel destocking this year. I upgrade my rating for Techtronic Industries to a Buy following a review of the company's financial prospects for 2024 and its recent share buybacks.

Techtronic Industries: Watch Share Repurchases And 2024 Outlook (Rating Upgrade)

HONG KONG--(BUSINESS WIRE)--Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF), made the following announcement on a voluntary basis to keep its shareholders and potential investors informed of the Group's latest business developments since our interim results announcement for the six-month period ended June 30, 2023, published on August 9, 2023 (the “2023 Interim Resu.

Business Update: Reaffirming Second Half 2023 Sales Targets

HONG KONG , Oct. 25, 2023 /PRNewswire/ -- Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, OTCQX: TTNDY, TTNDF), made the following announcement on a voluntary basis to keep its shareholders and potential investors informed of the Group's latest business developments since our interim results announcement for the six-month period ended June 30, 2023, published on August 9, 2023 (the "2023 Interim Results Announcement").

BUSINESS UPDATE, REAFFIRMING SECOND HALF 2023 SALES TARGETS

HONG KONG , Sept. 25, 2023 /PRNewswire/ -- Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd.

THE HOME DEPOT HONORS TTI AN UNPRECEDENTED THREE PARTNER OF THE YEAR AWARDS AS PART OF THE HOME DEPOT 2023 INNOVATION AWARD

HONG KONG--(BUSINESS WIRE)--Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF), is pleased to announce its brands MILWAUKEE TOOL and RYOBI are named Partner of the Year under the “Indoor Garden”, “Plumbing”, and “Tools” categories in The Home Depot 2023 Innovation Awards. Awards Awarded Brands Partner of the Year (Indoor Garden) RYOBI Partner of the Year (Plumbing) MIL.

The Home Depot Honors TTI an Unprecedented Three Partner of the Year Awards

Techtronic Industries Company Limited (OTCQX:TTNDY) Q2 2023 Earnings Conference Call August 9, 2023 8:00 AM ET Company Participants Horst Pudwill - Chairman Frank Chan - Chief Financial Officer Joe Galli - Chief Executive Officer Sean Docherty - Deputy CFO Ross Jalardi - Senior Vice President, Finance &Investor Relations Conference Call Participants John Choi - Daiwa Eric Lau - Citi Group Justin Chan - CLSA Tim Wojs - Baird Helen Fang - HSBC Terence Chang - Macquarie Jacqueline Du - GS Frank Fan - Nomura Operator Welcome to Techtronic Industries' 2023 Interim Results Announcement Analyst and Investor Webcast. In this interim results webcast, TTI will share the updated performance for the six months ended June 30, 2023.

Techtronic Industries Company Limited (TTNDY) Q2 2023 Earnings Call Transcript

HONG KONG , Aug. 9, 2023 /PRNewswire/ -- Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce its results for the six months ended June 30, 2023.

TTI DELIVERS SOLID 2023 FIRST HALF RESULTS

HONG KONG--(BUSINESS WIRE)--Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce its results for the six months ended June 30, 2023. The Group delivered solid results for the first half of 2023, outpacing the market in sales performance and profit generation, while reducing inventory and delivering outstanding free cash flow. Overall sales declined.

TTI Delivers Solid 2023 First Half Results

HONG KONG--(BUSINESS WIRE)--Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, OTCQX: TTNDY, TTNDF) is pleased to announce it has qualified to trade on the OTCQX Best Market, previously trading on the PINK market. TTI's ordinary shares will continue to trade on The Stock Exchange of Hong Kong Limited (SEHK) under the stock code: 669. Techtronic Industries Co. Ltd. begins trading its Americ.

TTI Announces the Commencement of OTCQX Trading

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Techtronic Industries Company Limited (OTC: TTNDY) resulting from allegations that Techtronic may have issued materially misleading business information to the investing public.

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Techtronic Industries Company Limited Investors with Losses to Inquire About Securities Class Action Investigation - TTNDY

NEW YORK , April 2, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Techtronic Industries Company Limited (OTC: TTNDY) resulting from allegations that Techtronic may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Techtronic securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Techtronic Industries Company Limited to Inquire About Securities Class Action Investigation - TTNDY

NEW YORK , March 26, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Techtronic Industries Company Limited (OTC: TTNDY) resulting from allegations that Techtronic may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Techtronic securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Techtronic Industries Company Limited to Inquire About Securities Class Action Investigation - TTNDY

NEW YORK , March 22, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Techtronic Industries Company Limited ("Techtronic" or the "Company") (OTCMKTS: TTNDY). Such investors are advised to contact Robert S.

News for Techtronic Industries Co Ltd Stock (TTNDY)