Trane, Inc. (TT) Misses Q1 EPS by 9c, Suspends Guidance
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Trane Technologies Reports First-Quarter 2020 Results
May 5, 2020 6:30 AM EDTHighlights (first quarter 2020 versus first quarter 2019, unless otherwise noted):
Reported bookings up 5 percent; organic bookings* up 6 percent led by strength in the Americas Reported revenues down 6 percent; organic revenues* down 5 percent; driven by COVID-19 impacts, particularly in Asia Pacific GAAP continuing EPS of $0.21; adjusted continuing EPS* of $0.43 Suspending 2020 guidance given market uncertainty related to COVID-19 and intend to reevaluate guidance for second quarter earnings call*This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of... More
