Techtronic Indus Ltd Adr (TTNDY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

For the six-month period ended June 30th, 2026. After the presentation, there will be question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. Please be advised that this conference is being recorded today. Before we begin, I would like to draw your attention to our four looking statements on our presentation slide. Now let me introduce to you the key management of TTI with us today. They are Mr. Horst Pudwill, Executive Chairman, Mr. Frank Chen, our CFO, Mr. Steve Richman, our CEO, and Mr. Ty Savitsky, Group Deputy CFO. Without further ado, let me pass our time to our Executive Chairman for the opening remark. Mr. Pudwill, please. Thank you for attending TTI's first half 2026 results announcement. We delivered an outstanding first half with record revenue, gross profit, EBIT and net profit. I am also proud to say we had a strong free cash flow, further strengthening our balance sheet and our net cash position. All of our core businesses delivered solid results with our flagship Milwaukee and RYOBI businesses yielding underlying growth of 8.2% in local currency. With our global businesses diversified operation on supply chain and the best team in the industry, we are well positioned to continue outperforming the market. We continue investing in areas that matter, such as product development and R&D, allowing us to confidently maintain our leadership position. The strong first half we delivered is the result of our strength and dedication of our outstanding team. It is a strategic focus and operational excellence that allows us to continue delivering value to our customers and shareholders. I will now hand over the presentation to our Group CFO, Frank Chan. who will talk you through the financials, followed b...