Trane Technologies(US:TT)2024-10-30 15:36Financial Performance - Organic revenues increased by 11% in Q3 2024[8] - Adjusted EBITDA margins increased by 120 basis points in Q3 2024[8] - Adjusted EPS increased by 21% in Q3 2024[8] - The company is raising its 2024 adjusted EPS guidance to approximately $1110, representing an increase of approximately 23%[8] - The company expects organic revenue growth of approximately 11% in 2024, an increase from the previous guidance of approximately 10%[8] Bookings and Backlog - Q3 2024 bookings reached $52 billion, a 5% increase[9] - The company's backlog stands at $72 billion, an increase of approximately $300 million from the end of 2023[8] - Approximately $41 billion of the backlog is for 2025 and beyond[8] Segment Performance - Americas revenue increased by 15%[25] - EMEA revenue increased by 8%[25] - Asia Pacific revenue decreased by 21%[25] Capital Allocation - The company expects to deploy approximately $25 billion in capital in 2024[52] - Year-to-date share repurchases totaled approximately $10 billion[52] - Dividends paid year-to-date totaled $569 million, with a Q4 dividend declared at approximately $190 million[51]