Trane Technologies (TT) Tops Q3 EPS by 16c; Lifts Outlook

Trane Technologies (NYSE: TT) reported Q3 EPS of $2.27, $0.16 better than the analyst estimate of $2.11. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.15 billion.

GUIDANCE:

Trane Technologies sees FY2022 EPS of $7.15-$7.20, versus the consensus of $7.11. The Company expects full-year reported revenue growth of approximately 11 percent to 12 percent; organic revenue growth of approximately 13 percent to 14 percent versus full-year 2021. Strong backlog of $6.4 billion, up 28 percent; well positioned for 2022 and 2023

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

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