Trane Q2 2020 Earnings Report
Key Takeaways
Trane Technologies reported a decrease in revenue and EPS due to the impact of the COVID-19 pandemic. However, strong execution allowed the company to manage deleverage within gross margin target levels and maintain high levels of business reinvestment.
Reported bookings of $3.3 billion, reported and organic bookings down 7 percent.
Reported revenues of $3.1 billion, reported and organic revenues down 13 percent.
GAAP continuing EPS of $1.14; adjusted continuing EPS of $1.27.
Bookings, revenues, EPS heavily impacted by continued impacts from COVID-19 pandemic.
Trane
Trane
Trane Revenue by Segment
Trane Revenue by Geographic Location
Forward Guidance
Given the current uncertainty created by the COVID-19 pandemic and its impact on the Company's end markets, the Company has not reinstated financial guidance for 2020. The Company intends to reevaluate guidance on its third quarter earnings call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income