Trane Technologies (TT) Tops Q2 EPS by 6c; Raises Outlook
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Trane Technologies Reports Record Second-Quarter 2022 Results; Raises Full-Year Revenue and EPS Guidance
August 3, 2022 6:30 AM EDTHighlights (second-quarter 2022 versus second-quarter 2021, unless otherwise noted):
Reported bookings of $4.6 billion, up 6 percent; organic bookings* up 7 percent Reported revenues of $4.2 billion, up 9 percent; organic revenues* up 11 percent GAAP operating income up 9 percent; adjusted operating income* up 8 percent GAAP continuing EPS of $2.17; adjusted continuing EPS* of $2.16, up 13 percent Record backlog of $6.5 billion, up 43 percent; positioned well for 2022 and 2023*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... More
