Trane Q1 2022 Earnings Report
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.
Trane
Trane
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.