earnings
confidence high
sentiment positive
materiality 0.90
Trane Technologies Q1 EPS beat, raises 2023 guidance; revenues up 9%
Trane Technologies plc
2023-Q1 EPS reported
$1.33
revenue$3,665,800,000
- Adjusted continuing EPS of $1.41, up 26% YoY; GAAP EPS $1.35.
- Reported revenues $3.7B, +9% organic; adjusted operating margin +140 bps.
- Record backlog $7.3B, up $400M from year-end 2022; book-to-bill 117%.
- Reported bookings $4.3B, down 1% organically; company raises full-year 2023 guidance.