Professional Tool & Equipment News

Business Update: Reaffirming Second Half 2023 Sales Targets

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星期三, 十月 25, 2023

Retail, Home Goods, Specialty, Office Products, The Home Depot, Professional Tool & Equipment News, OTCQX, Consumer, Ernst Home Centers, Growth, Partner, Investment

Based on the strength of our third quarter sales, we are increasingly confident in our mid-single digit revenue growth target for the second half of 2023, as provided at the time of the 2023 Interim Results Announcement, Analyst and Investor Webcast in August 2023, with a potential to modestly exceed these expectations.

Key Points:

Based on the strength of our third quarter sales, we are increasingly confident in our mid-single digit revenue growth target for the second half of 2023, as provided at the time of the 2023 Interim Results Announcement, Analyst and Investor Webcast in August 2023, with a potential to modestly exceed these expectations.
All major business units and geographic regions have continued to contribute to our strong performance in the third quarter of 2023.
Our flagship Milwaukee business continues to outperform and has accelerated from our first half of 2023 growth levels of +9%.
We are excited about the opportunities in our professional business and continue to strategically invest in Milwaukee to fuel our double-digit growth target in the second half of 2023 and beyond.

Snap-on Announces Third Quarter 2023 Results

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星期四, 十月 19, 2023

Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the third quarter of 2023.

Key Points:

Snap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the third quarter of 2023.
Operating earnings before financial services for the quarter of $245.2 million compared to $223.5 million in 2022.
Financial services revenue in the quarter of $94.9 million compared to $87.3 million in 2022; financial services operating earnings of $69.4 million compared to $66.4 million last year.
The third quarter effective income tax rate was 22.6% in 2023 and 21.6% in 2022.

The Home Depot Honors TTI an Unprecedented Three Partner of the Year Awards

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星期一, 九月 25, 2023

In addition, RYOBI Outdoor Power Equipment was one of the finalists of the 2023 Innovation Award for its high marks in product innovation.

Key Points:

In addition, RYOBI Outdoor Power Equipment was one of the finalists of the 2023 Innovation Award for its high marks in product innovation.
RYOBI 80V HP LITHIUM Zero Turn Riding Mowers and Riding Lawn Tractors deliver performance that exceeds the power of gas, while eliminating the hassles and inconvenience associated with traditional gas equipment.
The Zero Turn Mowers feature the iDrive Intelligent Drive System, allowing for easy maneuverability, with an intuitive one-handed joystick control.
Mr. Horst Pudwill, Chairman of TTI, said, “No supplier has ever won three Partner of the Year awards in a single year.

TTI Delivers Solid 2023 First Half Results

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星期三, 八月 9, 2023

Machine Tools, Metalworking & Metallurgy, Retail, Other Retail, Other Construction & Property, Manufacturing, Construction & Property, Machinery, OTCQX, Flagship, Consumer, Growth, Professional Tool & Equipment News, TTI, Cryptocurrency

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 its results for the six months ended June 30, 2023.

Key Points:

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 its results for the six months ended June 30, 2023.
The Group delivered solid results for the first half of 2023, outpacing the market in sales performance and profit generation, while reducing inventory and delivering outstanding free cash flow.
Overall sales declined 2.2% in reported currency, and 1.0% in local currency, to US$6.9 billion.
TTI delivered solid results for the first half of 2023, outpacing the market in sales performance and profit generation, while reducing inventory and delivering outstanding free cash flow
Our Flagship MILWAUKEE business, which is the #1 global professional power tool brand, outperformed the market with 8.7% growth in local currency
Delivered record first half Free Cash Flow of US$301 million, an improvement of US$649 million from the first half of 2022

TTI DELIVERS SOLID 2023 FIRST HALF RESULTS

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星期三, 八月 9, 2023

OTCQX, Flagship, Consumer, Growth, Professional Tool & Equipment News, TTI

HONG KONG, Aug. 9, 2023 /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 its results for the six months ended June 30, 2023.

Key Points:

HONG KONG, Aug. 9, 2023 /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 its results for the six months ended June 30, 2023.
The Group delivered solid results for the first half of 2023, outpacing the market in sales performance and profit generation, while reducing inventory and delivering outstanding free cash flow.
Overall sales declined 2.2% in reported currency, and 1.0% in local currency, to US$6.9 billion.
TTI delivered solid results for the first half of 2023, outpacing the market in sales performance and profit generation, while reducing inventory and delivering outstanding free cash flow
Our Flagship MILWAUKEE business, which is the #1 global professional power tool brand, outperformed the market with 8.7% growth in local currency
Delivered record first half Free Cash Flow of US$301 million, an improvement of US$649 million from the first half of 2022

TTI DELIVERS SOLID 2023 FIRST HALF RESULTS

Retrieved on:

星期三, 八月 9, 2023

OTCQX, Flagship, Consumer, Growth, Professional Tool & Equipment News, TTI

HONG KONG, Aug. 9, 2023 /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 its results for the six months ended June 30, 2023.

Key Points:

HONG KONG, Aug. 9, 2023 /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 its results for the six months ended June 30, 2023.
The Group delivered solid results for the first half of 2023, outpacing the market in sales performance and profit generation, while reducing inventory and delivering outstanding free cash flow.
Overall sales declined 2.2% in reported currency, and 1.0% in local currency, to US$6.9 billion.
TTI delivered solid results for the first half of 2023, outpacing the market in sales performance and profit generation, while reducing inventory and delivering outstanding free cash flow
Our Flagship MILWAUKEE business, which is the #1 global professional power tool brand, outperformed the market with 8.7% growth in local currency
Delivered record first half Free Cash Flow of US$301 million, an improvement of US$649 million from the first half of 2022

TTI Announces the Commencement of OTCQX Trading

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星期二, 五月 16, 2023

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 it has qualified to trade on the OTCQX Best Market, previously trading on the PINK market.

Key Points:

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 it has qualified to trade on the OTCQX Best Market, previously trading on the PINK market.
Techtronic Industries Co. Ltd. begins trading its American Depositary Receipts (ADRs) on May 16 on the OTCQX Market under the symbols “TTNDY” (5:1 ordinary) and “TTNDF” (1:1 ordinary).
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.
Mr. Joseph Galli, CEO of TTI, commented, “We are delighted to begin trading on the OTCQX market.

TTI Announces the Commencement of OTCQX Trading

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星期二, 五月 16, 2023

Professional Tool & Equipment News, ADR, OTC Markets Group, The Sydney Stock Exchange, Stock exchange, American depositary receipt, TTI, OTCM QX ADR 30 Index, SEHK, OTCQX, Techtronic Industries, PINK, Security (finance)

TTI's ordinary shares will continue to trade on The Stock Exchange of Hong Kong Limited (SEHK) under the stock code: 669.

Key Points:

TTI's ordinary shares will continue to trade on The Stock Exchange of Hong Kong Limited (SEHK) under the stock code: 669.
Techtronic Industries Co. Ltd. begins trading its American Depositary Receipts (ADRs) on May 16 on the OTCQX Market under the symbols "TTNDY" (5:1 ordinary) and "TTNDF" (1:1 ordinary).
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.
Mr. Joseph Galli, CEO of TTI, commented, "We are delighted to begin trading on the OTCQX market.

TTI Announces the Commencement of OTCQX Trading

Retrieved on:

星期二, 五月 16, 2023

TTI's ordinary shares will continue to trade on The Stock Exchange of Hong Kong Limited (SEHK) under the stock code: 669.

Key Points:

TTI's ordinary shares will continue to trade on The Stock Exchange of Hong Kong Limited (SEHK) under the stock code: 669.
Techtronic Industries Co. Ltd. begins trading its American Depositary Receipts (ADRs) on May 16 on the OTCQX Market under the symbols "TTNDY" (5:1 ordinary) and "TTNDF" (1:1 ordinary).
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.
Mr. Joseph Galli, CEO of TTI, commented, "We are delighted to begin trading on the OTCQX market.

VariBlast Precision Safety Air Gun is the People's Choice

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星期五, 一月 20, 2023

Safety, PEEK, PTEN, CFR, CE, OSHA, The People's Choice, Professional Tool & Equipment News, Chip Shields, NPT, Atmosphere, Noise, Gunsmith, Personal protective equipment

CINCINNATI, Jan. 20, 2023 /PRNewswire-PRWeb/ -- EXAIR's VariBlast® Precision Safety Air Gun has won the 2022 People's Choice award from Professional Tool and Equipment News (PTEN). These safety air guns provide a focused blast of air capable of handling tough jobs with remarkable strength while minimizing air consumption and noise. This OSHA safe air gun employs an engineered, full finger, variable flow trigger able to produce varying force upon a target simply by pulling the trigger. The VariBlast is available with a standard, 12" or 20" extension which can also be outfitted with type 316 stainless steel or PEEK thermoplastic air nozzles for non-marring applications.

Key Points:

CINCINNATI, Jan. 20, 2023 /PRNewswire-PRWeb/ -- EXAIR's VariBlast® Precision Safety Air Gun has won the 2022 People's Choice award from Professional Tool and Equipment News (PTEN).
These safety air guns provide a focused blast of air capable of handling tough jobs with remarkable strength while minimizing air consumption and noise.
The 1/4 NPT VariBlast Precision Safety Air Gun has a convenient hanger loop built into it.
All of EXAIR's Safety Air Gun product lines are CE compliant and use engineered air nozzles for high performance and safety.