The company said full-year 2023 revenue rose 11% to $17.7 billion (organic growth of 9%), and its adjusted EBITDA margin increased 120 basis points to 18%. Full-year GAAP continuing EPS was $8.89, and adjusted continuing EPS was $9.04.

1. 01

   The company said full-year 2023 revenue rose 11% to $17.7 billion (organic growth of 9%), and its adjusted EBITDA margin increased 120 basis points to 18%. Full-year GAAP continuing EPS was $8.89, and adjusted continuing EPS was $9.04.

2. 02

   Trane Technologies said revenue for Q4 2023 was $4,424 million, up 9% year over year (organic growth of 6%). Bookings totaled $4,534 million, up 13% (organic growth of 12%), and it said its backlog was $6.9 billion.

3. 03

   The company said cash flow from continuing operating activities for full-year 2023 was $2.4 billion, and free cash flow was $2.2 billion, or 103% of adjusted net earnings. In the same year, it said it paid dividends of $684 million, spent about $900 million on M&A and repurchased shares for $750 million.

4. 04

   The company expects full-year 2024 reported revenue growth of about 7 to 8% (organic growth of about 6 to 7%). It guided GAAP continuing EPS to $9.90 to $10.20 and adjusted continuing EPS to $10.00 to $10.30.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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