Techtronic Industries Company Limited (OTCQX:TTNDY) Q4 2024 Results Earnings Conference Call March 4, 2025 9:30 PM ET
Company Participants
Horst Julius Pudwill – Chairman
Stephan Horst Pudwill – Vice Chairman
Frank Chi Chung Chan – Group Chief Financial Officer
Steven Philip Richman – Chief Executive Officer
Bobby Shaw – Group President, RYOBI N.A.
Shane Moll – Group President, Milwaukee Tool
Conference Call Participants
Eric Lau – Citigroup
Karen Li – J.P. Morgan
Johnson Wan – Jefferies
Helen Fang – HSBC
Xiao Feng – CLSA
Terence Chang – Macquarie Group
Horst Julius Pudwill
Good morning. It gives me great pleasure to welcome all of you to TTI Group 2024 Annual Result Announcement. I would like to start by introducing our Group CFO, Mr. Steve Richmond. And today, the presenter will be our President, Milwaukee Power Tools, Mr. Shane Moll. Thank you. And our RYOBI Power Tool president, Mr. Bobby Shaw. Bobby, welcome.
We had an outstanding 2024 with sales outperforming the market and delivering double-digit growth with strong free cash flow as we will present to you later in this meeting. It is always more easy for me to welcome you with good and strong results. It’s understandable.
Our Group Vice Chairman, Mr. Stephan Pudwill, will continue with my opening remarks, before they elaborate our results. Stephan, please.
Stephan Horst Pudwill
Thank you, Chairman. So as the Chairman highlighted, we had an outstanding 2024. With revenue up 6.5%, net profit up 14.9%, and $1.6 billion of free cash flow, I think it’s safe to say we had a great year.
Now, at the foundation of this success is innovation. And in order to innovate, you need great culture and exceptional people. So we have spent years assembling what we believe is the greatest team in the industry. And it is this team what sets TTI apart
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