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Mar 31, 2020
Trane Q1 2020 Earnings Report
Trane Technologies' first quarter earnings were impacted by the COVID-19 pandemic, particularly in the Asia Pacific region, which led to a decrease in revenues and earnings per share.
Key Takeaways
Trane Technologies reported a decrease in revenue and EPS due to the impact of the COVID-19 pandemic. The company is suspending its 2020 guidance due to market uncertainty.
Reported bookings up 5 percent; organic bookings up 6 percent led by strength in the Americas.
Reported revenues down 6 percent; organic revenues down 5 percent; driven by COVID-19 impacts, particularly in Asia Pacific.
GAAP continuing EPS of $0.21; adjusted continuing EPS of $0.43.
Suspending 2020 guidance given market uncertainty related to COVID-19 and intend to reevaluate guidance for second quarter earnings call.
Trane
Trane
Trane Revenue by Segment
Trane Revenue by Geographic Location
Revenue by Segment
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.com Forward Guidance
Given the current uncertainty created by the COVID-19 pandemic and its impact on the Company's end markets, the Company is suspending previously communicated financial guidance for 2020 and intends to reevaluate guidance on its second quarter earnings call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income