Trane, Inc. (TT) Tops Q1 EPS by 40c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
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Trane Technologies Reports Strong First-Quarter 2021 Results; Raises Full-Year Revenue and EPS Guidance
May 5, 2021 6:30 AM EDTHighlights (first-quarter 2021 versus first-quarter 2020, unless otherwise noted):
Reported bookings of $4.1 billion, up 34 percent; organic bookings* up 31 percent Reported revenues of $3.0 billion, up 14 percent; organic revenues* up 11 percent GAAP operating margin up 590 bps; adjusted operating margin* up 500 bps GAAP continuing EPS of $0.96; adjusted continuing EPS* of $1.01, up 135 percent*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 for additional details and reconciliations.
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