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Sep 30, 2023
Trane Q3 2023 Earnings Report
Reported strong results and raised 2023 revenue and EPS guidance.
Key Takeaways
Trane Technologies reported strong third-quarter results with revenue up 12 percent and organic revenues up 9 percent. The company raised its full-year revenue and adjusted EPS guidance, driven by robust customer demand for sustainable products and services.
Delivered strong third-quarter revenue, operating income, EBITDA and EPS growth.
Strong bookings of $4.9 billion.
Organic bookings were up 8 percent, led by Americas Commercial HVAC.
Enterprise reported revenues were up 12 percent, including 3 percentage points related to acquisitions. Organic revenues were up 9 percent.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects full-year reported revenue growth of approximately 10 percent to 11 percent; organic revenue growth of approximately 8 percent to 9 percent versus full-year 2022. The Company expects GAAP continuing EPS for full-year 2023 of approximately $8.75. The Company expects adjusted continuing EPS for full-year 2023 of approximately $9.00.
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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