The company said its Q4 2024 net revenues were $4,874.0 million, up 10% from $4,424.1 million a year earlier, and full-year net revenues rose 12% to $19,838.2 million. Organic revenues rose 10% in Q4 and 12% for the full year.

1. 01

   The company said its Q4 2024 net revenues were $4,874.0 million, up 10% from $4,424.1 million a year earlier, and full-year net revenues rose 12% to $19,838.2 million. Organic revenues rose 10% in Q4 and 12% for the full year.

2. 02

   Trane Technologies said full-year 2024 GAAP continuing EPS was $11.35 ($8.89 a year earlier), and adjusted continuing EPS was $11.22 ($9.04 a year earlier, up 24%). Full-year GAAP operating income was $3,500 million, and the GAAP operating margin was 17.6%.

3. 03

   The company said full-year 2024 cash flow from continuing operating activities was $3,178 million and free cash flow was $2,789 million, or 109% of adjusted net earnings. Cash balance as of December 31 was $1,590 million, and debt balance was $4,770 million.

4. 04

   Trane Technologies said it expects full-year 2025 reported revenue growth of approximately 6.5% to 7.5%, and GAAP and adjusted continuing EPS of $12.70 to $12.90. The company also said it deployed or committed $2.5 billion in 2024, including approximately $760 million for dividends, $470 million for M&A and $1.3 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

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