- Techtronic Industries (TTI) reported a net income of $976 million for the financial year, a decrease of 9.4% compared to the previous year. This figure met the estimated net income of $973.2 million.
- The company’s revenue was $13.73 billion, reflecting a 3.6% increase year on year. The revenue surpassed the estimated figure of $13.47 billion.
- Sales from the power equipment division reached $12.79 billion, beating the estimated $12.64 billion.
- Floorcare & Cleaning business sales also exceeded estimates, with sales reaching $936.9 million against an estimated $839.4 million.
- Techtronic’s EBIT (Earnings Before Interest and Taxes) was $1.14 billion, which is down by 5.5% from the previous year.
- The company’s gross margin was 39.5%, slightly above the estimated 39.4%.
- Capital expenditure for the year was $502.0 million, higher than the estimated $454 million.
- The basic earnings per share (EPS) was 53.36 cents, slightly above the estimated 53.07 cents.
- The company declared a final dividend per share of 98 HK cents.
- There were 15 buy recommendations, 1 hold recommendation, and no sell recommendations for the company’s stock.
A look at Techtronic Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Techtronic Industries is a company that designs, makes, and sells power tools, outdoor equipment, hand tools, measuring tools, and appliances. These products are used by people who do home repairs, construction work, and other projects. The company has a tool called Smartkarma Smart Scores that gives it an overall outlook. The score is from 1 to 5, with higher scores being better. Techtronic Industries got a 2 for value and dividend, a 4 for growth, a 3 for resilience, and a 4 for momentum. This means that the company is expected to do well in the long run.
Based on the Smartkarma Smart Scores, Techtronic Industries has a positive outlook for the future. The company received a 4 for growth, which means it is expected to grow and improve in the long term. It also got a 3 for resilience, indicating that it has the ability to withstand challenges and bounce back from setbacks. Additionally, with a score of 4 for momentum, Techtronic Industries is showing strong momentum and is expected to continue its positive progress. While the company received a 2 for both value and dividend, this does not necessarily mean it is performing poorly in these areas, but rather it may have room for improvement. Overall, Techtronic Industries is a strong company with a promising future ahead.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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