TTI Reports USD 8.3 Billion in First-Half Sales

Techtronic Industries reported first-half 2026 revenue of $8.292 billion, an increase of 5.9% on a reported basis. Net profit rose 17.5% to $738 million, while EBIT increased 15.9% to $822 million, producing a 9.9% operating margin.

The interim report records underlying local-currency growth of 10.5% for Milwaukee, while RYOBI grew 1.7% in local currencies. Currency translation contributed 1.9 percentage points to reported group revenue growth. Gross margin reached 42.9%, and free cash flow was $753 million, leaving net cash of approximately $1.066 billion.

TTI introduced Professional and Consumer reporting segments, replacing its previous Power Equipment and Floorcare and Cleaning presentation. Professional accounted for approximately 71% of revenue, or $5.9 billion, while Consumer represented around 29%, or $2.4 billion. This changes how readers track the cleaning businesses within the wider group and compare them with older reports.

Noncore activities represented 6.6% of total revenue and declined 19.4% in local currencies. TTI linked that decline to the HART exit and weaker consumer operations. Because the category includes several activities, the percentage cannot be treated as a standalone floorcare sales result. The new segment structure and the scope of the noncore category are both relevant to interpreting the interim performance.