Trane Technologies(TT) - 2024 Q1 - Quarterly Results
TTTrane Technologies(TT)2024-04-30 18:00

Trane Technologies Reports Strong First Quarter Results and Raises 2024 Revenue and EPS Guidance Highlights (first-quarter 2024 versus first-quarter 2023, unless otherwise noted): l Reported revenues of 4.2billion,up15percent;organicrevenuesup14percentlGAAPoperatingmarginup250bps;adjustedoperatingmarginup230bpslAdjustedEBITDAmarginof16.8percent,up200bpslGAAPcontinuingEPSof4.2 billion, up 15 percent; organic revenues* up 14 percent l GAAP operating margin up 250 bps; adjusted operating margin* up 230 bps l Adjusted EBITDA margin* of 16.8 percent, up 200 bps l GAAP continuing EPS of 1.92; adjusted continuing EPS* of $1.94, up 38 percent l Organic bookings* up 17 percent, led ...