Trane Tech Q1 rev $4.2B (+15%), adj EPS $1.94 (+38%), raises FY2024 guidance

Trane Technologies plc

2024-Q1 EPS reported $1.90 revenue$4,215,500,000

Q1 reported revenue $4.2B, up 15% YoY; organic revenue up 14%.
GAAP continuing EPS $1.92; adjusted continuing EPS $1.94, up 38% YoY.
Adjusted EBITDA margin 16.8%, up 200 bps; GAAP operating margin up 250 bps.
Organic bookings up 17%, led by Americas Commercial HVAC (+30%); backlog $7.7B.
Company raised full-year 2024 revenue and EPS guidance (specifics not in release).

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 0.95

Trane Technologies plc reported first quarter 2024 results: revenue $4.2 billion, EPS $1.94. Guidance raised.

Period: first quarter 2024
Revenue: $4.2 billion
EPS: $1.94
Guidance: raised
Result: reported results

Exact text from the filing

Strong First Quarter Results and Raises 2024 Revenue and EPS Guidance Highlights (first-quarter 2024 versus first-quarter 2023, unless otherwise noted): l Reported revenues of $4.2 billion, up 15 percent; organic revenues* up 14 percent l GAAP operating margin up 250 bps; adjusted operating margin* up 230 bps l Adjusted EBITDA margin* of 16.8 percent, up 200 bps l

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Source: SEC EDGAR

accession 0001466258-24-000158

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