Trane reports Q4 adjusted EPS $1.82, consensus $1.65

Reports Q4 revenue $4.07B, consensus $3.95B. "2022 marked another year of top quartile financial performance for Trane Technologies," said CEO Dave Regnery. "With focused execution of our purpose-driven strategy, we delivered record bookings, revenue, operating margins and earnings per share, while successfully navigating inflationary, supply chain and macroeconomic challenges. While the macroenvironment remains dynamic, we continue to see high levels of demand for our sustainable products and services, with the tailwinds underpinning our end markets only growing stronger. Over the last five years, we have delivered compound annual revenue growth of 7%, adjusted EBITDA margin expansion of 250 basis points and free cash flow as a percentage of adjusted net earnings of 105%, while deploying $11.5B of capital. With our focused strategy, ongoing reinvestment in business innovation and uplifting culture, we are well positioned to continue delivering differentiated shareholder returns over the long term."