Techtronic Industries reports 3.9% increase in local currency sales at $13.7B, 39.5% gross margin, and $1.3B free cash flow in 2023.
Techtronic Industries, a global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, reported solid 2023 annual results with a 3.9% increase in local currency sales at US$13.7 billion. Gross margin expanded to 39.5%, and the company achieved a record free cash flow of US$1.3 billion. The MILWAUKEE business grew sales by 10.7% in local currency. The company's consumer group also gained momentum in the second half of 2023.
March 06, 2024
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