Trane Technologies (TT) Tops Q3 EPS by 16c; Lifts Outlook
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Trane Technologies Reports Strong Third-Quarter 2022 Operating Results; Raises Full-Year Revenue and EPS Guidance
November 2, 2022 6:30 AM EDTHighlights (third-quarter 2022 versus third-quarter 2021, unless otherwise noted):
Reported bookings of $4.5 billion, up 6 percent; organic bookings* up 8 percent Reported revenues of $4.4 billion, up 18 percent; organic revenues* up 19 percent GAAP operating margin up 120 bps; adjusted operating margin* up 60 bps GAAP continuing EPS of $2.38; adjusted continuing EPS* of $2.27, up 26 percent Strong backlog of $6.4 billion, up 28 percent; well positioned 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
