Techtronic Industries Delivers Outstanding Financial Results in 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2025
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Source: Businesswire
Financial Performance: Techtronic Industries Co. Ltd. reported record sales of US$14.6 billion for 2024, a growth of 6.8% in local currency, with significant contributions from its MILWAUKEE and RYOBI brands, which grew by 11.6% and 6.4% respectively.
Future Outlook: The company aims to maintain its market leadership and continue innovation in cordless technology while managing a healthy balance sheet with low net debt and gearing of 0.7%.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
