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Toughbuilt Inds Inc - TBLTW STOCK NEWS

Welcome to our dedicated page for Toughbuilt Inds news (Ticker: TBLTW), a resource for investors and traders seeking the latest updates and insights on Toughbuilt Inds stock.

ToughBuilt Industries, Inc. (NASDAQ: TBLTW) provides this centralized hub for investors and industry professionals tracking developments in innovative construction tools and DIY solutions. Our news repository offers immediate access to official press releases, financial disclosures, and strategic updates from the manufacturer of advanced professional-grade equipment.

Users will find chronological updates on product launches, supply chain enhancements, and corporate governance matters. Key coverage areas include quarterly earnings reports, patent filings for tool innovations, and partnerships with major hardware distributors. All content is verified through primary sources to ensure regulatory compliance.

Bookmark this page for real-time updates on ToughBuilt's operational expansions and market-specific developments. The curated news feed enables efficient tracking of the company's progress in strengthening its position within the $XX billion global tool manufacturing sector.

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ToughBuilt Industries, Inc. (NASDAQ: TBLT; TBLTW) to Hold Earnings Call to Discuss 2023 First Quarter Financial Results
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ToughBuilt enters the Stacking Tool Storage and Toolbox market with its StackTech™ system, projected to expand at a CAGR of 8.3% and reach a market share of USD 6.8 Billion by 2032. The launch has gained significant social media attention, with over 19 million impressions in two weeks.
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ToughBuilt announces dividend of Series H Preferred Stock for outstanding common stock shareholders. Each share of Series H Preferred Stock has 1,000,000 votes per share. Non-present shares will be automatically redeemed. Details in Form 8-K.
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ToughBuilt Industries reports Q2 2023 financial results with revenue increasing 5.5% YoY to $18.9 million and net loss improving 53% YoY to $5.9 million. Gross profit increased 18.5% YoY to $5.8 million with a gross margin of 31%. Recent business highlights include expanding distribution to the UK and the EU.
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ToughBuilt to hold earnings conference call on August 22, 2023
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ToughBuilt Industries, Inc. is expanding distribution in the European Union with two major retail groups, La Platforme Du Batiment and Prolians, servicing professional customers in France and Spain. This will provide access to ToughBuilt products to over 600,000 customers across both retail groups.
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ToughBuilt Industries, Inc. is expanding distribution to customers in the United Kingdom through new business with Howdens UK and City Electrical Factors UK. This will give ToughBuilt access to a combined network of more than 1,200 retail locations nationwide.
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ToughBuilt Industries, Inc. announced that its gross sales for Q2 2023 through Amazon.com were $3.61 million, consistent with Q2 2022. Sales for the first six months of 2023 increased by 5.3% to approximately $7.41 million compared to the same period last year. ToughBuilt aims to expand its distribution network and reduce expenses to drive profitability.
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Toughbuilt Inds Inc

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