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Jun 30, 2021
Trane Q2 2021 Earnings Report
Reported strong results driven by robust bookings and revenue growth, significant margin expansion and healthy free cash flow.
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
Revenue by Segment
Revenue by Geographic Location
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.
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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