Trane Technologies said net revenues for Q3 2024 were $5,441 million, up 11% from $4,883 million a year earlier. The company said GAAP diluted EPS from continuing operations was $3.43 and adjusted continuing EPS was $3.37.

1. 01

   Trane Technologies said net revenues for Q3 2024 were $5,441 million, up 11% from $4,883 million a year earlier. The company said GAAP diluted EPS from continuing operations was $3.43 and adjusted continuing EPS was $3.37.

2. 02

   The company said net revenues for Q3 2024 were $4,474.9 million in the Americas (+15%) and $667.8 million in EMEA (+8%), while Asia Pacific revenue fell 21% to $298.5 million. The company said lower volumes led the Asia Pacific revenue decline.

3. 03

   Trane Technologies said bookings for Q3 2024 were $5,213 million, up 5% from $4,946 million a year earlier. The company said backlog rose from $6.9 billion at year-end 2023 to $7.2 billion.

4. 04

   Trane Technologies said it expects full-year 2024 revenue growth of about 11% and GAAP and adjusted continuing EPS of about $11.10. The company said it had deployed or committed about $2.0 billion of capital through October, including about $800 million for dividends, about $230 million for M&A and about $1 billion for share repurchases.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. 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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.