Techtronic Industries Posts 17.52% Net Profit Growth in Interim Results

Stock News08-04

TECHTRONIC IND (00669) has announced its financial results for the six-month period ending June 30, 2026, reporting a record revenue of $8.292 billion, a 5.85% increase year-over-year. Net profit attributable to shareholders rose 17.52% to $738 million, with basic earnings per share at 40.5 US cents. The company declared an interim dividend of 150.00 HK cents per share (approximately 19.31 US cents).

For the first half of 2026, TECHTRONIC IND achieved record sales of $8.3 billion, representing a 5.9% increase on a reported basis, with currency tailwinds contributing 1.9 percentage points to growth. In the Americas, which includes the United States, Canada, Mexico, Central and South America, sales grew 4.3% in local currency and 6.8% on a reported basis. In Europe, the Middle East, and Africa, local currency sales rose 2.8%, driven by strong double-digit growth from the MILWAUKEE brand, which offset softer outdoor seasonal demand and the impact of rationalization in non-core business lines. Other regions, including Australia, New Zealand, and Asia, saw a 3.7% increase in sales.

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