Trane Technologies (TT) Tops Q4 EPS by 5c, Offers Guidance
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Trane Technologies Reports Strong Fourth-Quarter and Full-Year 2021 Results; Begins 2022 with Record Backlog
January 31, 2022 6:30 AM ESTHighlights (fourth-quarter 2021 versus fourth-quarter 2020, unless otherwise noted):
Record reported bookings of $4.1 billion; up 28 percent; organic bookings* up 27 percent Reported revenues of $3.6 billion; up 12 percent; organic revenues* up 11 percent GAAP continuing EPS of $1.35; adjusted continuing EPS* of $1.36, up 32 percent Record backlog of $5.4 billion, up 88 percent year-over-year, positions the Company well for 2022 and 2023Highlights (full-year 2021 versus full-year 2020, unless otherwise noted):
Record reported bookings of $16.8 billion; up 29 percent; organic bookings* up 27 percent Reported revenues of $14.1 billion; up 13 percent;... More