Trane Technologies Q4 Earnings & Revenues Beat Estimates, Rise Y/Y

Core Insights - Trane Technologies plc (TT) reported better-than-expected fourth-quarter 2024 results with adjusted EPS of $2.61, surpassing the Zacks Consensus Estimate by 2.8% and increasing 20.3% year over year [2] - Revenues reached$ 4.9 billion, beating the consensus mark by 2.2% and rising 10.2% year over year on both reported and organic bases [2] Revenue and Bookings - The Americas segment generated revenues of $3.8 billion, exceeding the estimate of$ 3.7 billion, and increased 12.2% year over year on both reported and organic bases. Bookings rose 1% year over year to $3.7 billion [3] - The Europe, Middle East and Africa segment reported revenues of$ 690.3 million, up 5% year over year on a reported basis and 7% organically, but missed the estimate of $700.2 million. Bookings increased 8% year over year to$ 614.8 million [4] - Revenues from the Asia Pacific segment were $381.2 million, up 1% year over year, beating the estimate of$ 337 million. Bookings rose 8% year over year to $367.8 million [5] Balance Sheet and Cash Flow - Trane ended the quarter with a cash balance of$ 1.6 billion, up from $1.1 billion in the previous quarter. The debt balance increased to$ 4.3 billion from $4 billion [6] - The company generated$ 3.2 billion in cash from operating activities and $2.8 billion in free cash flow during the quarter [6] 2025 Guidance - For 2025, Trane expects revenue growth of 6.5-7.5% and organic revenue growth of approximately 7-8% compared to full-year 2024. Adjusted EPS is projected to be between$ 12.70 and $12.90, higher than the Zacks Consensus Estimate of$ 11.86 [7]