Global cordless power tool, outdoor power equipment and floorcare & cleaning company Techtronic Industries Co. Ltd. (“TTI”) announced unaudited consolidated results of the company and its subsidiaries for the six month period ended June 30, 2025. TTI grew sales in the first half of 2025 to $7.8 billion, up 7.1% in reported currency and 7.5% in local currency. Its two leading brands, Milwaukee and Ryobi, both delivered exceptional performance during this period, according to a statement issued by the Hong Kong-based company. The summary of earnings reported issued August 5 follows.
- TTI delivered a strong half performance, growing sales 7.5% in local currency to $7.8 billion and net profit 14.2% to $628 million.
- Its Flagship Milwaukee business extended its dominant leadership position as the #1 professional power tool brand worldwide3 by delivering 11.9% sales growth in local currency.
- Ryobi, the #1 global consumer battery-powered tool and outdoor brand, grew sales 8.7% in local currency.
- TTI reported $468 million in free cash flow during the first half of 2025, ending the period in a net cash position.
Gross margin improved 34 basis points to 40.3% in the first half of 2025. This increase reflects operational efficiencies made in its consumer brands where TTI focused on profitability, the positive mix impact from the growth of its high margin Milwaukee business and productivity improvements captured throughout its manufacturing and sourcing network. EBIT for the first half of 2025 was $709 million, representing a 13.3% increase compared to the same period in 2024. EBIT margin also increased 49 basis points from the first half of 2024 to 9.1% as a percentage of sales. Net Profit increased 14.2% to $628 million and earnings per share also improved 14.1% to US34.37 cents. Working capital improved 190 bps versus June 2024 to 16.8% as a percent of sales. The Group generated $468 million in positive Free Cash Flow in the first half of 2025, ending the period in a net cash position.
The TTI Power Equipment segment grew sales 8.3% in local currency to US$7.4 billion. Milwaukee achieved double-digit sales growth in the first half of 2025, finishing up 11.9% in local currency. Ryobi delivered a tremendous first half performance, growing 8.7% in local currency.
“Our strong first half results reflect the dedication and culture of our global team,” says Steven P. Richman, CEO of TTI. “We continue to build on this foundation by recruiting, retaining, and investing in talent worldwide and are extremely proud of the depth of the talent and bench strength we have developed across all levels at TTI.”
Techtronic Industries Company Limited was founded in 1985 by German entrepreneur Horst Julius Pudwill. The global provider of cordless technology offers power tools, outdoor power equipment and a range of other products, with 47,000 employees. The company reports that its Milwaukee brand is at the forefront of TTI’s professional tool portfolio. With global research and development headquartered in Brookfield, Wisc., the historic brand is renowned for driving innovation, safety, and jobsite productivity worldwide. Additionally, the Ryobi brand, headquartered in Greenville, S.C., remains the top choice for DIYers and continues to set the standard in DIY tool innovation, according to the company’s Aug. 5 earnings statement.
