Techtronic Industries Stock News

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 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 - Goldma...

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-...

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.