Techtronic Industries First Half 2024 Earnings: In Line With Expectations

Simply Wall St.08-08

Techtronic Industries (HKG:669) First Half 2024 ResultsKey Financial Results Revenue: US$7.31b (up 6.3% from 1H 2023). Net income: US$550.4m (up 16% from 1H 2023). Profit margin: 7.5% (up from 6.9% in...

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Net income: US$550.4m (up 16% from 1H 2023). 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Net income: US$550.4m (up 16% from 1H 2023). Profit margin: 7.5% (up from 6.9% in 1H 2023). The increase in margin was driven by higher revenue. EPS: US$0.30 (up from US$0.26 in 1H 2023).  SEHK:669 Earnings and Revenue Growth August 7th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Techtronic Industries Meets Expectations  Revenue was in line with analyst estimates.  Earnings per share (EPS) was also in line with analyst expectations.      Looking ahead, revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong.    Performance of the Hong Kong Machinery industry.  The company's shares are down 5.3% from a week ago.   Balance Sheet Analysis While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet.  We have a graphic representation of Techtronic Industries' balance sheet and an in-depth analysis of the company's financial position. Valuation is complex, but we're here to simplify it.Discover if Techtronic Industries might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Concerned about the content? Get in touch with us directly. 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