Techtronic Industries' Milwaukee Business to Support Higher Gross Profit Margins -- Market Talk

Dow Jones2025-03-07

0826 GMT - Techtronic Industries' Milwaukee business is poised to support higher gross profit margins, CGS International's Ray Kwok says in a research report. The Hong Kong-listed company's professional power tools are likely to deliver 11% revenue growth in 2025, driven by Milwaukee's new product launches, the analyst says. Fast-growing demand for data-center and power-grid construction is expected to drive sales for the brand, Kwok adds. Other revenue growth drivers are stable sales from after-market battery contributions and an estimated 3% growth in Techtronic Industries' DIY segment. The brokerage raises its 2025-2026 EPS forecasts for the company by 1%-4%. It increases the stock's target price to HK$131.80 from HK$127.00, with an unchanged add rating. Shares end 2.3% lower at HK$103.10. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 07, 2025 03:26 ET (08:26 GMT)

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