Trane Technologies Q2 revenue $4.7B (+12%), adj. EPS $2.68 (+24%), raises FY2023 guidance

Trane Technologies plc

2023-Q2 EPS reported $3.87 revenue$8,370,600,000

Revenue $4.7B, up 12% reported and 11% organic vs Q2 2022.
GAAP continuing EPS $2.57; adjusted continuing EPS $2.68, up 24%.
Adjusted EBITDA margin 19.7%, up 100 bps; backlog $7B, up 7% (2.5x historic norms).
Company raises 2023 revenue and EPS guidance (specific numbers not detailed in excerpt).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Trane Technologies plc reported second quarter 2023 results: revenue $4.7 billion, EPS $2.57. Guidance raised.

Period: second quarter 2023
Revenue: $4.7 billion
EPS: $2.57
Guidance: raised
Result: reported results

Exact text from the filing

Reports Strong Results and Raises 2023 Revenue and EPS Guidance Highlights (second-quarter 2023 versus second-quarter 2022, unless otherwise noted): l Reported revenues of $4.7 billion, up 12 percent; organic revenues* up 11 percent l GAAP operating margin up 180 bps; adjusted operating margin* up 110 bps l Adjusted EBITDA margin* of 19.7 percent, up 100 bps l

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Source: SEC EDGAR

accession 0001466258-23-000184

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