Trane Q2 2021 Earnings Report
Key Takeaways
Trane Technologies reported a strong second quarter with a 22% increase in revenues and a 51% increase in adjusted EPS. The company saw robust bookings and revenue growth and record backlog, improving overall visibility for 2021 and into 2022.
Reported bookings of $4.4 billion, up 34 percent; organic bookings up 30 percent
Reported revenues of $3.8 billion, up 22 percent; organic revenues up 18 percent
GAAP operating margin up 350 bps; adjusted operating margin up 210 bps
GAAP continuing EPS of $1.91; adjusted continuing EPS of $1.92, up 51 percent
Trane
Trane
Forward Guidance
Company expects full-year 2021 reported revenues up approximately 13.5 percent; organic revenues up approximately 11 percent versus 2020. GAAP continuing EPS of $5.80, including EPS of $(0.25) for transformation and other restructuring costs; adjusted continuing EPS of $6.05, up 36 percent versus 2020.