Trane Technologies (TT) Tops Q3 EPS by 13c, Beats on Revenue; Offers FY24 EPS Guidance
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Trane Technologies Reports Strong Third Quarter Results and Raises 2024 Revenue and EPS Guidance
October 30, 2024 6:30 AM EDTHighlights (third-quarter 2024 versus third-quarter 2023, unless otherwise noted):
Reported revenues of $5.4 billion, up 11 percent; organic revenues* up 11 percent GAAP operating margin up 110 bps; adjusted operating margin* up 90 bps Adjusted EBITDA margin* of 20.7 percent, up 120 bps GAAP continuing EPS of $3.43; adjusted continuing EPS* of $3.37, up 21 percent Continued strong bookings of $5.2 billion, 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... More
