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Mar 31, 2022
Trane Q1 2022 Earnings Report
Reported record first-quarter results and updated 2022 guidance.
Key Takeaways
Trane Technologies reported record first-quarter revenue, operating income, and strong EPS growth, driven by robust demand for innovative products and solutions. The company's record backlog of approximately $6.2 billion positions it well for 2022 and 2023.
Reported revenues of $3.4 billion, up 11 percent; organic revenues up 12 percent.
GAAP continuing EPS of $1.13; adjusted continuing EPS of $1.12, up 11 percent.
Record backlog of $6.2 billion, up 56 percent year-over-year.
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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
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. GAAP continuing EPS of $6.88 to $7.08, including EPS of $(0.07) for transformation and other restructuring costs; adjusted continuing EPS of $6.95 to $7.15.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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