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Dec 31, 2020
Trane Q4 2020 Earnings Report
Trane Technologies reported strong fourth-quarter and full-year 2020 results, delivering solid bookings growth, flat revenue, strong margin expansion and compelling EPS growth.
Key Takeaways
Trane Technologies reported flat revenue but achieved strong margin expansion and EPS growth in Q4 2020. The company's adjusted continuing EPS was up 12 percent. Exceptional full-year free cash flow of $1.7 billion, or 158% of adjusted net earnings.
GAAP operating margin up 180 bps and adjusted operating margin up 150 bps
GAAP continuing EPS of $1.01; adjusted continuing EPS of $1.03, up 12 percent
Exceptional cash conversion for full-year 2020; free cash flow of $1.7 billion, 158 percent of adjusted net earnings
Enterprise reported revenues were flat; enterprise organic revenues were down 1 percent.
Trane
Trane
Forward Guidance
The company expects strong adjusted earnings per share in 2021, guiding to a range of $5.30 to $5.50, up 19% to 23%.