Techtronic Indus Ltd Adr (TTNDY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm so glad. Full cinema. Morning, ladies and gentlemen. Thank you for coming. Thank you, our board of directors here and most of our senior management from the U.S. and Europe and overseas. Thank you. It gives me a great pleasure to welcome all of you to TTI's Group 2024 First Half Results Announcement. I would like to start by introducing Steve Richman and his present and recent promotion to TTI's group CEO. Steven, welcome aboard. Thank you very much. We had an outstanding first half with sales outperforming the market on delivering double-digit profit and growth. Our group vice chairman, Mr. Stephan Puth, will continue with our opening remark, but let me tell you one thing. We don't care what's out there. We only care about our shareholder, our investor, to deliver best results, and we don't care what happens, competition up or down, which has not happened in this case, the hour down, but our first and focal point are our investors. Thank you very much. Stefan, I hand you over. Thank you, Chairman, and I'd like to thank all of you for attending today and for your continued support. With EBIT up 11.8%, net profit up over 15%, record first-half free cash flow of over $500 million, we're off to a great start to the year. Now we delivered exceptional revenue growth and we continued with very strong market share gains. But at the foundation of our success is great people. And we have spent years assembling what we believe is the greatest team of people in the industry. And it is this team what sets TTI apart from the competition. So with us today, We have, as our chairman commented, Stephen Richmond, our new CEO. We also have Shane Maul with us, who is our president of Milwaukee. He was here at the most recent results presentation. But we also have Alex Duarte, who is...