Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Ordinary Shares, Par Value $1.00 per Share TT New York Stock Exchange 5.250% Senior Notes due 2033 TT33 New York Stock Exchange 5.100% Senior Notes due 2034 TT34 New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF ...

Third-Quarter 2024 Results October 30, 2024 TECHNOLOGIES Forward-Looking Statements This news release includes "forward-looking" statements within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue, EPS, operating income, operation margin and earnings; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including t ...

For the quarter ended September 2024, Trane Technologies (TT) reported revenue of $5.44 billion, up 11.4% over the same period last year. EPS came in at $3.37, compared to $2.79 in the year-ago quarter. The reported revenue represents a surprise of +2.44% over the Zacks Consensus Estimate of $5.31 billion. With the consensus EPS estimate being $3.23, the EPS surprise was +4.33%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Trane Technologies (TT) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $3.23 per share. This compares to earnings of $2.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.33%. A quarter ago, it was expected that this manufacturer would post earnings of $3.08 per share when it actually produced earnings of $3.30, delivering a surprise of 7.14%. Over the last four quarters, the co ...

Revenue Performance - Reported revenues of $5.4 billion, up 11% year-over-year, with organic revenues also up 11%[1] - Americas segment bookings increased by 8% to $4.3 billion, with revenues up 15% to $4.5 billion[6][7] - EMEA segment bookings grew by 9% to $637 million, with revenues up 8% to $667.8 million[8][10] - Asia Pacific segment bookings declined by 30% to $279 million, with revenues down 21% to $298.5 million[12] - Net revenues for the quarter ended September 30, 2024, were $5,441.2 million, compared to $4,882.9 million for the same period in 2023[36] - Net revenues for the quarter ended September 30, 2024, were $5,441.2 million, with no adjustments, resulting in adjusted net revenues of $5,441.2 million[37] - Net revenues for the nine months ended September 30, 2024, were $14,964.2 million, with no adjustments, resulting in adjusted net revenues of $14,964.2 million[37] - Americas net revenues increased to $4,474.9 million in Q3 2024, up from $3,888.0 million in Q3 2023, representing a 15.1% growth[39] - Total company net revenues grew to $5,441.2 million in Q3 2024, compared to $4,882.9 million in Q3 2023, a 11.4% increase[39] Profitability Metrics - GAAP operating margin increased by 110 basis points to 18.8%, while adjusted operating margin rose by 90 basis points to 18.9%[1][3] - Adjusted EBITDA margin improved by 120 basis points to 20.7%[1][3] - GAAP continuing EPS of $3.43, with adjusted continuing EPS of $3.37, up 21% year-over-year[1][2] - Operating income for the quarter ended September 30, 2024, was $1,024.6 million, compared to $864.2 million for the same period in 2023[36] - Operating income for the quarter ended September 30, 2024, was $1,024.6 million, with an operating margin of 18.8%, and adjusted operating income of $1,025.8 million with a margin of 18.9%[37] - Earnings from continuing operations before income taxes for the quarter ended September 30, 2024, were $967.9 million, with adjustments of $1.2 million, resulting in adjusted earnings of $969.1 million[37] - Tax rate for the quarter ended September 30, 2024, was 18.7%, and adjusted tax rate was 20.1%[37] - Earnings from continuing operations attributable to Trane Technologies plc for the quarter ended September 30, 2024, were $780.9 million, with adjustments of $(12.3) million, resulting in adjusted earnings of $768.6 million[37] - Diluted earnings per common share from continuing operations for the quarter ended September 30, 2024, were $3.43, with adjustments of $(0.06), resulting in adjusted diluted earnings per share of $3.37[37] - Operating income for the nine months ended September 30, 2024, was $2,692.5 million, with an operating margin of 18.0%, and adjusted operating income of $2,692.4 million with a margin of 18.0%[37] - Earnings from continuing operations before income taxes for the nine months ended September 30, 2024, were $2,491.2 million, with adjustments of $(0.1) million, resulting in adjusted earnings of $2,491.1 million[37] - Tax rate for the nine months ended September 30, 2024, was 19.8%, and adjusted tax rate was 20.4%[37] - Adjusted EBITDA for the total company rose to $1,127.1 million in Q3 2024, up from $954.4 million in Q3 2023, an 18.1% increase[39] - Net earnings attributable to Trane Technologies plc increased to $772.0 million in Q3 2024, compared to $626.3 million in Q3 2023, a 23.3% growth[41] Cash Flow and Liquidity - Cash flow from continuing operating activities year-to-date was $2.3 billion, with free cash flow of $2 billion[14] - Cash and cash equivalents at the end of Q3 2024 stood at $1,470.0 million, up from $1,095.3 million at the end of 2023[43] - Net cash provided by operating activities increased to $2,245.7 million in the first nine months of 2024, compared to $1,454.8 million in the same period of 2023[44] - Capital expenditures for the first nine months of 2024 were $245.0 million, up from $217.2 million in the same period of 2023[44] - Repurchase of ordinary shares totaled $926.1 million in the first nine months of 2024, compared to $459.8 million in the same period of 2023[44] - Net cash flow provided by continuing operating activities for the nine months ended September 30, 2024, was $2,272.2 million, up from $1,482.6 million in the same period in 2023[46] - Free cash flow for the nine months ended September 30, 2024, was $2,037.5 million, compared to $1,288.4 million in the same period in 2023[46] - Capital expenditures, net for the nine months ended September 30, 2024, were $245.0 million, up from $217.2 million in the same period in 2023[46] - Cash payments for restructuring were $7.2 million in the nine months ended September 30, 2024, compared to $8.8 million in the same period in 2023[46] Balance Sheet and Financial Position - Total current assets increased to $8,099.7 million at the end of Q3 2024, up from $6,869.9 million at the end of 2023[43] - Long-term debt rose to $4,317.1 million at the end of Q3 2024, compared to $3,977.9 million at the end of 2023[42] - Net Receivables increased to $3,393.4 million as of September 30, 2024, compared to $3,142.5 million in September 2023 and $2,956.8 million in December 2023[45] - Days Sales Outstanding improved to 56.9 days in September 2024 from 58.7 days in September 2023 and 61.0 days in December 2023[45] - Net Inventory decreased to $2,033.4 million in September 2024 from $2,191.8 million in September 2023 and $2,152.1 million in December 2023[45] - Inventory Turns increased to 6.8 in September 2024 from 5.9 in September 2023 and 5.5 in December 2023[45] - Accounts Payable increased to $2,194.8 million in September 2024 from $2,093.3 million in September 2023 and $2,025.2 million in December 2023[45] - Days Payable Outstanding improved to 57.8 days in September 2024 from 59.2 days in September 2023 and 62.6 days in December 2023[45] Guidance and Definitions - The company raised full-year 2024 revenue guidance to approximately 11% growth and adjusted continuing EPS guidance to $11.10[15] - Adjusted continuing EPS for 2024 is defined as GAAP continuing EPS adjusted for restructuring costs, contingent consideration, merger and acquisition related costs, legacy legal liability, and a U.S. discrete tax benefit[24] - Adjusted EBITDA for 2024 is defined as adjusted operating income excluding depreciation and amortization expense and including other income/(expense), net[25] - Adjusted EBITDA margin is defined as the ratio of adjusted EBITDA divided by net revenues[26] - Adjusted effective tax rate for 2024 is defined as the ratio of income tax expense adjusted for a U.S. discrete tax benefit and the net tax effect of adjustments for restructuring costs, contingent consideration, merger and acquisition related costs, and legacy legal liability divided by adjusted net earnings[27] - Free cash flow for 2024 is defined as net cash provided by continuing operating activities adjusted for capital expenditures, cash payments for restructuring costs, legacy legal liability, and merger and acquisition related costs[28] - Operating leverage is defined as the ratio of the change in adjusted operating income for the current period less the prior period, divided by the change in net revenues for the current period less the prior period[29] - Organic revenue is defined as GAAP net revenues adjusted to eliminate currency fluctuations and the impact of acquisitions[29] Bookings and Segment Performance - Strong bookings of $5.2 billion, up 5% year-over-year[1][3] - Americas segment bookings increased by 8% to $4.3 billion, with revenues up 15% to $4.5 billion[6][7] - EMEA segment bookings grew by 9% to $637 million, with revenues up 8% to $667.8 million[8][10] - Asia Pacific segment bookings declined by 30% to $279 million, with revenues down 21% to $298.5 million[12]

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In its upcoming report, Trane Technologies (TT) is predicted by Wall Street analysts to post quarterly earnings of $3.23 per share, reflecting an increase of 15.8% compared to the same period last year. Revenues are forecasted to be $5.31 billion, representing a year-over-year increase of 8.8%. The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their ini ...

Trane Technologies plc (TT) is a technology services provider that has performed extremely well over the past year and is poised to sustain momentum in the near term. Consequently, if you haven't taken advantage of the share price appreciation yet, it's time you add the stock to your portfolio. What Makes TT an Attractive Pick? An Outperformer: A glimpse at the company's price trend reveals that the stock has had an impressive run over the year. Shares of Trane Technologies have returned 94.6% compared with ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Za ...

Have you been paying attention to shares of Trane Technologies (TT) ? Shares have been on the move with the stock up 14.6% over the past month. The stock hit a new 52-week high of $398 in the previous session. Trane Technologies has gained 62.6% since the start of the year compared to the 14.6% move for the Zacks Business Services sector and the 30.6% return for the Zacks Technology Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it ...