Trane Technologies Q3 2023: Revenue $4.9B (+12%), Adj EPS $2.79 (+23%), Raises FY Guidance

Trane Technologies plc

2023-Q3 EPS reported $6.58 revenue$13,253,500,000

Reported revenues $4.9B (+12% YoY); organic revenues +9%.
GAAP continuing EPS $2.74; adjusted continuing EPS $2.79 (+23% YoY).
Adjusted EBITDA margin 19.5% (+100 bps); GAAP operating margin +80 bps.
Organic bookings +8%; Americas Commercial HVAC bookings +14%.
Backlog $6.9B (+7% YoY), 2.5 times historical norms; raised FY 2023 revenue and EPS guidance.

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 0.9

Trane Technologies plc reported third quarter 2023 results: revenue $4.9 billion, EPS $2.74. Guidance raised.

Period: third quarter 2023
Revenue: $4.9 billion
EPS: $2.74
Guidance: raised
Result: reported results

Exact text from the filing

Reports Strong Results and Raises 2023 Revenue and EPS Guidance Highlights (third-quarter 2023 versus third-quarter 2022, unless otherwise noted): l Reported revenues of $4.9 billion, up 12 percent; organic revenues* up 9 percent l GAAP operating margin up 80 bps; adjusted operating margin* up 130 bps l Adjusted EBITDA margin* of 19.5 percent, up 100 bps l

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Source: SEC EDGAR

accession 0001466258-23-000207

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