Trade Techtronic Industries Company Limited - 0669 CFD

Techtronic Industries Company profile

About Techtronic Industries Co. Ltd.

Techtronic Industries Co. Ltd. is an investment holding company principally engaged in power equipment products businesses. The Company mainly operates through two segments. The Power Equipment segment is engaged in the sales of power tools, power tool accessories, outdoor products and outdoor products accessories. Its power equipment products are sold under MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, Imperial Blades, STILETTO and Hart brands, or through original equipment manufacturer (OEM) customers. The Floor Care and Appliances segment is engaged in the sales of floor care products and floor care accessories. Its floor products are sold under HOOVER, DIRT DEVIL, VAX and ORECK brands, or through OEM customers.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Techtronic Industries Co. Ltd. revenues increased 35% to $13.2B. Net income increased 37% to $1.1B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Interest on bank borrowings decrease of 14% to $31.7M (expense), Other income increase of 16% to $13M (income). Dividend per share increased from $0.17 to $0.24.