Trane Technologies (TT) Tops Q2 EPS by 12c; Raises Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Trane Technologies Reports Strong Results and Raises 2023 Revenue and EPS Guidance
August 2, 2023 6:00 AM EDTHighlights (second-quarter 2023 versus second-quarter 2022, unless otherwise noted):
Reported revenues of $4.7 billion, up 12 percent; organic revenues* up 11 percent GAAP operating margin up 180 bps; adjusted operating margin* up 110 bps Adjusted EBITDA margin* of 19.7 percent, up 100 bps GAAP continuing EPS of $2.57; adjusted continuing EPS* of $2.68, up 24 percent $7 billion backlog, up 7 percent, and 2.5 times historical norms*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... More
