Trane Technologies (TT) Tops Q1 EPS by 13c
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Trane Technologies Reports Record First-Quarter 2022 Results, Updates 2022 Guidance
May 4, 2022 6:30 AM EDTHighlights (first-quarter 2022 versus first-quarter 2021, unless otherwise noted):
Reported bookings of $4.3 billion, up 5 percent; organic bookings* up 6 percent Reported revenues of $3.4 billion, up 11 percent; organic revenues* up 12 percent GAAP operating income up 10 percent; adjusted operating income* up 5 percent GAAP continuing EPS of $1.13; adjusted continuing EPS* of $1.12, up 11 percent Record backlog of $6.2 billion, up 56 percent year-over-year, positions the Company well for 2022 and 2023*This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news... More
