Trane Technologies Reports Strong Third-Quarter 2020 Results In Challenging Economic Environment
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/27/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Fox Factory sells Marucci Sports for $225M, cuts debt
Trane, Inc. (TT) Tops Q3 EPS by 37c, Revenues Beat
October 28, 2020 6:32 AM EDTTrane, Inc. (NYSE: TT) reported Q3 EPS of $1.72, $0.37 better than the analyst estimate of $1.35. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.16 billion.
Highlights (third quarter 2020 versus third quarter 2019, unless otherwise noted):
Reported bookings of $3.5 billion, reported and organic bookings* up 7 percentReported revenues of $3.5 billion, reported revenues up 1 percent; organic revenues* up 50 bpsGAAP operating margin up 70 bps; adjusted operating margin* up 80 bpsGAAP continuing EPS of $1.67; adjusted continuing... More