TTI reports growth for Milwaukee and Ryobi

On Aug. 5, Techtronic Industries Co. Ltd., parent company of Milwaukee Tool and Ryobi among other equipment brands, announce consolidated results for the six-month period ended June 30, 2025. TTI grew sales in the first half of 2025 to $7.8 billion, up 7.1% in reported currency. The company’s net profit increased 14.2% to $628 million.

The TTI Power Equipment segment grew sales 8.3% in local currency to $7.4 billion. Milwaukee achieved double-digit sales growth in the first half of 2025, finishing up 11.9% in local currency. Ryobi grew 8.7% in local currency. The Floorcare and Cleaning business increased operating profit 3.6% to $9.7 million as compared to the first half of 2024, while revenue decreased 4.8% in local currency to $408 million.

In North America, our teams delivered 8.1% sales growth in local currency. Europe also grew an outstanding 10.4%, while Rest of World decreased 3.4% in local currency. TTI trades on the Hong Kong stock exchange.

TTI announced that its Milwaukee group achieved double-digit sales growth in the first half of 2025, finishing up 11.9% in local currency. By region, North America grew 12.9%, Europe grew 11.6%, and Rest of World grew 2.6% in local currency. It said all major categories of the Milwaukee business performed well, with Outdoor Power Equipment and Personal Protective Equipment outperforming the portfolio average.

The company said the Ryobi brand performed well in both power tool and outdoor categories, with power tools growing low double digits and outdoor power equipment growing mid-single digits.

Outlook

“Looking forward to the second half of 2025, we are in a very strong position to address the challenges presented by the current macroeconomic and geopolitical environment and the evolving global trading policies. As reported, the company has generated $468 million in positive free cash flow in the first half of 2025, which has bolstered an already strong balance sheet. We will continue our commitment to R&D investment to maintain our market leadership in new and technologically advanced cordless products, on the back of the momentum generated by a strong performance in the first six months of 2025. In the second half of 2025, our focus is on driving profitability.

More importantly, we are positioning TTI to continue to deliver exceptional results in 2026 and beyond. The demand for our Milwaukee and Ryobi brands remains strong and our new product pipeline is extremely exciting. Based on the current demand environment, we look to 2026 with growing confidence in our ability to achieve our internal targets of double-digit sales growth in Milwaukee and mid-single digit sales growth in Ryobi. Our team will continue to work toward our mid-term internal goal of achieving 10% EBIT as a percentage of sales. We are confident we will successfully navigate the current macro-economic environment, positioning us in an even stronger leadership position in the months and years ahead.”

By order of the Board, Horst Julius Pudwill, Chairman