TECHTRONIC INDUSTRIES DELIVERS STRONG 2024 FIRST HALF RESULTS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2024
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Source: PRnewswire
Financial Performance: Techtronic Industries Co. Ltd. reported a 6.3% increase in sales to US$7.3 billion and a 15.7% rise in net profit to US$550 million for the first half of 2024, with gross margin improving to 39.9%.
Leadership and Strategy: The company appointed Steven Philip Richman as CEO and emphasized its focus on market leadership through innovative products and strong financial management, alongside declaring an interim dividend of approximately US13.90 cents per share.
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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.
