Trane Technologies Reports Strong Third-Quarter 2020 Results In Challenging Economic Environment
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Trane, Inc. (TT) Tops Q3 EPS by 37c, Revenues Beat
October 28, 2020 6:32 AM EDTTrane, Inc. (NYSE: TT) reported Q3 EPS of $1.72, $0.37 better than the analyst estimate of $1.35. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.16 billion.
Highlights (third quarter 2020 versus third quarter 2019, unless otherwise noted):
Reported bookings of $3.5 billion, reported and organic bookings* up 7 percentReported revenues of $3.5 billion, reported revenues up 1 percent; organic revenues* up 50 bpsGAAP operating margin up 70 bps; adjusted operating margin* up 80 bpsGAAP continuing EPS of $1.67; adjusted continuing... More