TTI Sets Profit, Sales Records in First Half
August 23, 2012,
HONG KONG-Techtronic Industries (TTI), parent company of the Hoover and Dirt Devil floor-care brands, achieved records in sales and net income for its fiscal first half ending on June 30.
Net income for the period totaled $96 million, up 20.1 percent over the first half of 2011. Net sales reached $1.9 billion, an increase of 4 percent. A TTI statement attributed its performance to its ability to generate organic growth in existing and new markets through new products, operational efficiencies and aggressive procurement programs.