Techtronic Record Profit And Buyback Raise Questions On Future Flexibility [Yahoo! Finance]
TECHTRONIC INDUS LTD ADR (TTNDY)
NASDAQ:AMEX Investor Relations:
ttigroup.com/en/investor_relations
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Source: Yahoo! Finance
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Techtronic Industries (SEHK:669) reports record profit and sales, driven mainly by its Milwaukee and Ryobi brands. The company exits its underperforming HART business and reports improved margins. Management announces a $500 million share buyback program alongside these results. Techtronic Industries is a major player in power tools, outdoor equipment, and related accessories, with brands that are widely used in both professional and DIY markets. The fresh update on record profit and sales, margin improvement, and a cleaner portfolio after leaving the HART business gives you new information on how the company is currently positioned. For investors tracking tool and home improvement names, this is a concrete set of developments rather than just commentary. The new $500 million share buyback and management'
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News
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