Techtronic Industries First-Half Profit Rises to $738 Million

Techtronic Industries posted a record first half, with net profit climbing to $738 million on revenue of $8.3 billion. The Hong Kong-listed power tool maker said sales rose 5.9% from a year earlier, driven by its Professional segment. That unit, which houses the Milwaukee brand, grew 9.7% in reported currency to $5.9 billion. The Consumer segment, anchored by Ryobi, slipped 2.5% to $2.4 billion.

The company changed its segment structure this year, splitting the old Power Equipment and Floorcare & Cleaning groups into Professional and Consumer. The shift lets investors track the two brand families more directly. Milwaukee and Ryobi together grew at an underlying rate of 8.2% in local currency, the company said.

Gross margin held steady, and operating margin came in at 9.9% for the six months. Chief Executive Steven Richman said the result gives him confidence the company can hit or exceed its internal target of 10% EBIT margin by 2027, with further upside in 2028 and beyond. “TTI is poised to deliver another outstanding year in 2026,” Richman said in the earnings release.