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Trane Technologies Plc (TT)
:TT
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.52Last Year’s EPS
2.17Same Quarter Last Year
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -3.25%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, particularly in the Americas with significant revenue and booking growth, alongside a robust services segment. However, challenges were notable in the Asia Pacific region, especially in China, due to market conditions and credit policy changes. Despite these challenges, the company demonstrated resilience and confidence in future growth, raising its full-year guidance.Company Guidance
During Trane Technologies' Q3 2024 earnings call, the company raised its full-year guidance, reflecting strong performance with 11% organic revenue growth, a 120 basis-point expansion in adjusted EBITDA margin, and a 21% increase in adjusted EPS. The backlog reached $7.2 billion, bolstered by robust organic bookings of $5.2 billion, marking the second-highest quarter in the company's history. The Americas Commercial HVAC segment, in particular, saw significant gains with revenues up nearly 20%, driven by equipment and services. The global team anticipates a strong finish to 2024 and is optimistic about 2025, with an updated guidance projecting organic revenue growth of approximately 11% and adjusted EPS of $11.10, up from the prior estimate of $10.80. The company continues to focus on strategic investments, particularly in service capabilities and innovation, to sustain its leading growth profile and deliver differentiated results.Strong Third Quarter Performance
Trane Technologies reported 11% organic revenue growth, 120 basis points of adjusted EBITDA margin expansion, and 21% adjusted EPS growth in Q3 2024.
Record Bookings and Backlog
The company achieved $5.2 billion in organic bookings, the second highest in its history, with a backlog reaching $7.2 billion, up from $6.9 billion at the end of 2023.
Americas Commercial HVAC Growth
The Americas Commercial HVAC segment reported nearly 20% revenue growth, with equipment and services up nearly 25% and mid-teens, respectively.
Raised Full-Year Guidance
Trane Technologies raised its full-year organic revenue growth outlook to high single digits and adjusted EPS guidance to approximately $11.10, up from $10.80.
Resilient Services Business
The services segment, comprising about 1/3 of enterprise revenues, reported high single-digit growth over the past 7 years, with continued strong performance expected.
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TT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $389.80 | $374.76 | -3.86% |
| Jul 31, 2024 | $327.36 | $332.79 | +1.66% |
| Apr 30, 2024 | $298.72 | $315.09 | +5.48% |
| Feb 01, 2024 | $249.52 | $268.02 | +7.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trane Technologies Plc (TT) report earnings?
Trane Technologies Plc (TT) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Trane Technologies Plc (TT) earnings time?
Trane Technologies Plc (TT) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TT EPS forecast?
TT EPS forecast for the fiscal quarter 2024 (Q4) is 2.52.
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