Trane Technologies Reports Strong Fourth-Quarter and Full-Year 2020 Results in Challenging Economic Environment
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Trane, Inc. (TT) Tops Q4 EPS by 11c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
February 5, 2021 6:33 AM ESTTrane, Inc. (NYSE: TT) reported Q4 EPS of $1.03, $0.11 better than the analyst estimate of $0.92. Revenue for the quarter came in at $3.18 billion versus the consensus estimate of $3.08 billion.
Highlights (fourth-quarter 2020 versus fourth-quarter 2019, unless otherwise noted):
GAAP operating margin up 180 bps and adjusted operating margin* up 150 bpsGAAP continuing EPS of $1.01; adjusted continuing EPS* of $1.03, up 12 percentGAAP full-year continuing EPS of $4.02; adjusted continuing EPS* of $4.46Exceptional cash conversion for full-year 2020; cash from continuing operating activities of $1.8 billion; free cash flow* of $1.7 billion, 158... More