![]() It turns out, estimates revision have trended downward during the past month.Īt this time, Trane Technologies has an average Growth Score of C, however its Momentum Score is doing a lot better with an A. How Have Estimates Been Moving Since Then? It now expects revenue growth to be 7-8% on an organic basis compared with the prior expectation of 6-8% growth.Īdjusted EPS is expected to be between $8.3 and $8.5 compared with the previous anticipation of $8.2 to $8.5. The company currently expects revenues to increase 9-10% on a reported basis compared with the previous expectation of a 7-9% increase. Adjusted operating income of $472 million increased 23% year over year, with the adjusted operating margin improving 140 bps to 12.9%. ![]() Adjusted EBITDA margin improved 100 basis points (bps) to 14.8%. Margin PerformanceĪdjusted EBITDA came in at $542 million, up 17% year over year. Bookings of $390.1 million increased 11% on a reported basis and 13% organically. Revenues from the Asia Pacific segment were up 5% year over year on a reported basis and 8% on an organic basis, to $294.3 million. Bookings were up 10% year over year on a reported basis as well as organically, at $591.7 million. Bookings were down 4% on a reported basis as well as organically, at $3.3 billion.Įurope, Middle East and Africa segment’s revenues came in at $510.5 million, up 16% year over year on a reported basis and 15% organically. The Americas segment’s revenues of $2.9 billion increased 9% year over year on a reported basis and 8% organically. Bookings were down 1% year over year on a reported basis as well as organically. The top line increased 9.3% year over year on a reported basis and 9% organically. Revenues of $3.7 billion beat the consensus mark by 0.8% and our estimate by 1.1%. The bottom line increased 25.9% year over year. Trane Technologies reported better-than-expected first-quarter 2023 results.Īdjusted EPS of $1.41 surpassed the Zacks Consensus Estimate by 6% and our estimate by 7.6%. Trane Technologies Q1 Earnings & Revenues Top Estimates Will the recent negative trend continue leading up to its next earnings release, or is Trane Technologies due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. ![]() Shares have lost about 5.7% in that time frame, underperforming the S&P 500. It has been about a month since the last earnings report for Trane Technologies (TT).
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