Trane Technologies Reports Strong First-Quarter 2021 Results; Raises Full-Year Revenue and EPS Guidance
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Trane, Inc. (TT) Tops Q1 EPS by 40c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
May 5, 2021 6:32 AM EDTTrane, Inc. (NYSE: TT) reported Q1 EPS of $1.01, $0.40 better than the analyst estimate of $0.61. Revenue for the quarter came in at $3.02 billion versus the consensus estimate of $2.84 billion.
Highlights (first-quarter 2021 versus first-quarter 2020, unless otherwise noted):
Reported bookings of $4.1 billion, up 34 percent; organic bookings* up 31 percentReported revenues of $3.0 billion, up 14 percent; organic revenues* up 11 percentGAAP operating margin up 590 bps; adjusted... More