| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Trane Technologies plc (NYSE:TT) reported fourth-quarter revenue growth of 10% year-over-year to $4.87 billion.
The company surpassed the consensus of $4.79 billion.
Bookings increased 3% Y/Y to $4.67 billion in the quarter. Enterprise reported a 10% Y/Y increase in both revenues and organic revenues.
The backlog totaled $6.75 billion at the end of 2024. Adjusted EBITDA rose 17% Y/Y to $894 million, with a margin expansion of 110 bps Y/Y to 18.3%.
Adjusted EPS of $2.61 (+20% Y/Y) surpassed the street view of $2.54.
As of Dec. 31, 2024:
Trane Technologies plans to deploy 100% of excess cash to shareholders over time.
2025 Outlook: Trane Technologies expects an FY25 organic revenue growth outlook of 7%-8% and adjusted EPS of $12.70-$12.90 (vs. street view of $12.69).
Dave Regnery, chair and CEO of Trane Technologies said, “We achieved record financial results with strong organic revenue growth of 12%, powerful free cash flow conversion of 109% and adjusted earnings per share growth of 24% – our fourth consecutive year of earnings per share growth of 20% or more.”
”Since launching Trane Technologies in 2020, we have delivered a compound annual revenue growth rate of 12%, realized free cash flow conversion of 108% of adjusted net earnings, expanded EBITDA margins by 400 basis points and deployed approximately $12 billion of capital.”
Investors can gain exposure to the stock via Invesco Building & Construction ETF (NYSE:PKB) and TCW Transform Supply Chain ETF (NYSE:SUPP).
Price Action: Trane Technologies shares are down 0.49% at $362.22 premarket at the last check Thursday.
Read Next:
Image: Shutterstock
