Trane Q2 2022 Earnings Report
Key Takeaways
Trane Technologies reported a strong second quarter with record revenue, operating income, and EPS growth, driven by robust demand for innovative solutions. The company raised its full-year guidance for revenue and EPS.
Reported revenues of $4.2 billion, up 9 percent; organic revenues up 11 percent.
GAAP operating income up 9 percent.
GAAP continuing EPS of $2.17; adjusted continuing EPS of $2.16, up 13 percent.
Record backlog of $6.5 billion, up 43 percent.
Trane
Trane
Forward Guidance
The Company expects full-year reported revenue growth of approximately 11 percent; organic revenue growth of approximately 12 percent versus full-year 2021. GAAP continuing EPS of $6.98 to $7.08, including EPS of $(0.07) for transformation, executive retirement and restructuring and other items; adjusted continuing EPS of $7.05 to $7.15.