Techtronic Industries (HKG:669) Full Year 2024 Results
Key Financial Results
- Revenue: US$14.6b (up 6.5% from FY 2023).
- Net income: US$1.12b (up 15% from FY 2023).
- Profit margin: 7.7% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: US$0.61 (up from US$0.53 in FY 2023).
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 8.4% 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 share price is broadly unchanged 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've done some analysis and you can see our take on Techtronic Industries' balance sheet.
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