TTI Bottom Line Grows 51 Percent in 2010
March 25, 2011,
HONG KONG--Net income for TTI, the parent company of the Hoover and Dirt Devil floor-care brands, jumped 51 percent in its 2010 fiscal year, totaling $95 million.
A company statement attributed the bottom-line strength to new products, continued expansion geographically and "significant operational efficiencies." The latter was a key factor in the 13.3 percent increase in TTI's gross profit last year. New products and geographic expansion were crucial to the company's 10 percent increase in sales last year, to $3.4 billion.