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Sep 30, 2020
Trane Q3 2020 Earnings Report
Reported strong third-quarter results in a challenging economic environment.
Key Takeaways
Trane Technologies reported a strong third quarter with revenue growth and margin expansion, exceeding prior outlook. Strong execution drove continuing EPS and operating income growth despite ongoing COVID-19 pandemic related impacts.
Reported bookings of $3.5 billion, reported and organic bookings up 7 percent.
Reported revenues of $3.5 billion, reported revenues up 1 percent; organic revenues up 50 bps.
GAAP operating margin up 70 bps; adjusted operating margin up 80 bps.
GAAP continuing EPS of $1.67; adjusted continuing EPS of $1.72, up 6 percent.
Trane
Trane
Trane Revenue by Segment
Trane Revenue by Geographic Location
Forward Guidance
The Company expects 2020 free cash flow to be equal to or greater than 125 percent of adjusted net earnings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income