earnings
confidence high
sentiment positive
materiality 0.80
Trane Tech Q2: rev $5.3B +13%, adj EPS $3.30 +23%, raises FY24 guidance
Trane Technologies plc
2024-Q2 EPS reported
$5.20
revenue$9,523,000,000
- Reported revenues $5.3B, up 13% YoY; organic revenue also +13%.
- GAAP continuing EPS $3.33; adjusted continuing EPS $3.30, up 23%.
- Adjusted EBITDA margin 21.1%, up 140 bps; GAAP operating margin up 70 bps.
- Bookings up 19%, led by Americas Commercial HVAC at +21%.
- Company raised full-year 2024 revenue and EPS guidance (not specified here).