Trane Technologies (TT) PT Raised to $366 at Citi
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- Wall Street set to open lower as high-stakes Iran, inflation tests loom
- Oil falls ahead of US announcement of new sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
Trane Technologies Reports Strong First Quarter Results and Raises 2024 Revenue and EPS Guidance
April 30, 2024 6:30 AM EDTHighlights (first-quarter 2024 versus first-quarter 2023, unless otherwise noted):
Reported revenues of $4.2 billion, up 15 percent; organic revenues* up 14 percent GAAP operating margin up 250 bps; adjusted operating margin* up 230 bps Adjusted EBITDA margin* of 16.8 percent, up 200 bps GAAP continuing EPS of $1.92; adjusted continuing EPS* of $1.94, up 38 percent Organic bookings* up 17 percent, led by Americas Commercial HVAC, up 30 percent $7.7 billion backlog, up 10 percent versus year-end 2023, and over 2.5 times historical norms*This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial... More
