Trane Q3 2021 Earnings Report
Key Takeaways
Trane Technologies reported a strong third quarter with robust bookings and revenue growth. Despite facing material inflation and supply chain challenges, the company reaffirmed its 2021 outlook and strengthened its view into 2022, driven by continued customer demand for its climate control products and services.
Reported bookings increased by 22 percent, with organic bookings up by 20 percent.
Reported revenues grew by 6 percent, and organic revenues increased by 4 percent.
GAAP continuing EPS was $1.73, while adjusted continuing EPS was $1.80, a 5 percent increase.
The company delivered record third-quarter backlog of approximately $5 billion.
Trane
Trane
Trane Revenue by Segment
Trane Revenue by Geographic Location
Forward Guidance
The company reaffirmed its 2021 guidance.
Positive Outlook
- Reported revenues up approximately 13.5 percent versus 2020.
- Organic revenues up approximately 11 percent versus 2020.
- GAAP continuing EPS of $5.80.
- Adjusted continuing EPS of $6.05, up 36 percent versus 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income