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Dec 31, 2021
Trane Q4 2021 Earnings Report
Trane Technologies reported strong fourth-quarter results driven by record bookings and revenue, with EPS up 32%.
Key Takeaways
Trane Technologies reported a strong fourth quarter with record bookings of $4.1 billion, up 28%, and revenues of $3.6 billion, up 12%. GAAP EPS was $1.35, and adjusted EPS was $1.36, a 32% increase. The company enters 2022 with a record backlog of $5.4 billion.
Record reported bookings of $4.1 billion, up 28 percent; organic bookings up 27 percent
Reported revenues of $3.6 billion, up 12 percent; organic revenues up 11 percent
GAAP continuing EPS of $1.35; adjusted continuing EPS of $1.36, up 32 percent
Record backlog of $5.4 billion, up 88 percent year-over-year
Trane
Trane
Forward Guidance
The company provided full-year 2022 guidance, including GAAP continuing EPS of $6.88 to $7.08 and adjusted EPS of $6.95 to $7.15, up 14 percent to 17 percent.