Techtronic Industries Co Ltd

Earnings data Q1 2024

Techtronic Industries Co., Ltd. is an investment holding company, which engages in the manufacture and trade of electrical and electronic products. It operates through 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.

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.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Techtronic Industries Company Limited - TTNDY

NEW YORK , March 18, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Techtronic Industries Company Limited ("Techtronic Industries" or the "Company") (OTC: TTNDY). If you suffered losses exceeding $50,000 investing in Techtronic Industries stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner  Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext.

TECHTRONIC INDUSTRIES INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Techtronic Industries To Contact Him Directly To Discuss Their Options

NEW YORK , March 17, 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, A LEADING AND LONGSTANDING FIRM, Encourages Techtronic Industries Company Limited to Inquire About Securities Class Action Investigation - TTNDY

NEW YORK , March 11, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Techtronic Industries Company Limited ("Techtronic Industries" or the "Company") (OTC: TTNDY). If you suffered losses exceeding $50,000 investing in Techtronic Industries stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext.

TECHTRONIC INDUSTRIES SHAREHOLDER ACTION REMINDER: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Techtronic Industries To Contact Him Directly To Discuss Their Options

NEW YORK , March 10, 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, A LEADING LAW FIRM, Encourages Techtronic Industries Company Limited to Inquire About Securities Class Action Investigation - TTNDY

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Techtronic Industries Company Limited (“Techtronic” or the “Company”) (OTC: TTNDY) investors concerning the Company's possible violations of the federal securities laws.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Techtronic Industries Company Limited (TTNDY) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Techtronic Industries Company Limited (“Techtronic” or the “Company”) (OTC: TTNDY) investors concerning the Company's possible violations of federal securities laws.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Techtronic Industries Company Limited (TTNDY) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Techtronic Industries Company Limited (“Techtronic” or the “Company”) (OTC: TTNDY) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate.

News for Techtronic Industries Co Ltd Stock (TTNDY)