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Trane Technologies Reports Strong Second-Quarter 2021 Results
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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.
Trane Technologies plc: Trane Technologies Reports Strong Fourth-Quarter and Full-Year 2020 Results in Challenging Economic Environment
GAAP operating margin up 180 bps and adjusted operating margin up 150 bps
GAAP continuing EPS of $1.01; adjusted continuing EPS of $1.03, up 12 percent
GAAP full-year continuing EPS of $4.02; adjusted continuing EPS of $4.46
Exceptional cash conversion for full-year 2020; cash from continuing operating activities of $1.8 billion; free cash flow of $1.7 billion, 158 percent of adjusted net earnings 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 $1.01 for the fourth quarter of 2020. Adjusted continuing EPS was $1.03, up 12 percent, wh
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