Trane, Inc. (TT) Tops Q3 EPS by 1c
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Trane Technologies Reports Third-Quarter 2021 Results, Reaffirms 2021 Guidance
November 3, 2021 6:30 AM EDTHighlights (third-quarter 2021 versus third-quarter 2020, unless otherwise noted):
Reported bookings of $4.3 billion, up 22 percent; organic bookings* up 20 percent Reported revenues of $3.7 billion, up 6 percent; organic revenues* up 4 percent GAAP operating margin down 50 bps; adjusted operating margin* down 60 bps GAAP continuing EPS of $1.73; adjusted continuing EPS* of $1.80, up 5 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.
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