Stock Analysis

Techtronic Industries First Half 2024 Earnings: In Line With Expectations

Published
SEHK:669

Techtronic Industries (HKG:669) First Half 2024 Results

Key Financial Results

  • Revenue: US$7.31b (up 6.3% from 1H 2023).
  • Net income: US$550.4m (up 16% from 1H 2023).
  • Profit margin: 7.5% (up from 6.9% in 1H 2023). The increase in margin was driven by higher revenue.
  • EPS: US$0.30 (up from US$0.26 in 1H 2023).
SEHK:669 Earnings and Revenue Growth August 7th 2024

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 8.5% 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 shares are down 5.3% 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 have a graphic representation of Techtronic Industries' balance sheet and an in-depth analysis of the company's financial position.

Valuation is complex, but we're here to simplify it.

Discover if Techtronic Industries might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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