Posted On: 03/09/2015 11:21:08 AM
Post# of 2207
TTI and a nice one to be involved with. Great catch CAPC
I am pleased to announce that TTI delivered another year of record sales, gross margin, and profit in 2013, building on our strong 2012 performance. We achieved a number of financial milestones:
•Sales grew 11.6% to a record USD4.3 billion
•All business segments and geographic regions delivered strong growth
•Gross profit expanded 14.2% with a record margin of 34.2%
•Net profit increased to USD250 million, growing 24.5%
•Working capital improved to 13.9% of sales
•Another strong year delivering free cash flow of USD332 million
I am pleased to announce that TTI delivered another year of record sales, gross margin, and profit in 2013, building on our strong 2012 performance. We achieved a number of financial milestones:
•Sales grew 11.6% to a record USD4.3 billion
•All business segments and geographic regions delivered strong growth
•Gross profit expanded 14.2% with a record margin of 34.2%
•Net profit increased to USD250 million, growing 24.5%
•Working capital improved to 13.9% of sales
•Another strong year delivering free cash flow of USD332 million
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