Trane Technologies (TT) Tops Q1 EPS by 13c

Trane Technologies (NYSE: TT) reported Q1 EPS of $1.12, $0.13 better than the analyst estimate of $0.99. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $3.16 billion.

Record backlog of $6.2 billion, up 56 percent year-over-year, positions the Company well for 2022 and 2023.

GUIDANCE:

Trane Technologies sees FY2022 EPS of $6.95-$7.15, versus the consensus of $7.06. The Company expects full-year reported revenue guidance up ~9 percent; organic revenues up ~10 percent versus 2021, excluding 1 point of foreign exchange impact.

For earnings history and earnings-related data on Trane Technologies (TT) click here.

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