Trane Technologies plc: Trane Technologies Reports Strong First-Quarter 2021 Results; Raises Full-Year Revenue and EPS Guidance
Reported bookings of $4.1 billion, up 34 percent; organic bookings* up 31 percent
Reported revenues of $3.0 billion, up 14 percent; organic revenues* up 11 percent
GAAP operating margin up 590 bps; adjusted operating margin* up 500 bps
GAAP continuing EPS of $0.96; adjusted continuing EPS* of $1.01, up 135 percent
*
This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations.
Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $0.96 for the first quarter of 2021. Adjusted continuing EPS was $1.01, up 135 percent, which excludes $14.7 million related to planned restructuring and transformation costs.