Trane, Inc. (TT) Tops Q4 EPS by 11c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
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Trane Technologies Reports Strong Fourth-Quarter and Full-Year 2020 Results in Challenging Economic Environment
February 5, 2021 6:30 AM ESTHighlights (fourth-quarter 2020 versus fourth-quarter 2019, unless otherwise noted):
GAAP operating margin up 180 bps and adjusted operating margin* up 150 bps GAAP continuing EPS of $1.01; adjusted continuing EPS* of $1.03, up 12 percent GAAP full-year continuing EPS of $4.02; adjusted continuing EPS* of $4.46 Exceptional cash conversion for full-year 2020; cash from continuing operating activities of $1.8 billion; free cash flow* of $1.7 billion, 158 percent of adjusted net earnings**This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables... More
