Trane Technologies Plc ( (TT) ) has released its Q4 earnings. Here is a breakdown of the information Trane Technologies Plc presented to its investors.
Trane Technologies plc, a leading global climate innovator, specializes in providing efficient and sustainable climate solutions through its strategic brands, Trane and Thermo King, for buildings, homes, and transportation sectors. The company operates primarily in the HVAC industry, focusing on environmentally responsible products and services.
Trane Technologies reported a strong fourth-quarter and full-year 2024 performance with significant growth in revenues, margins, and earnings per share. The company achieved a 10% increase in revenues for the fourth quarter and 12% for the full year, alongside robust bookings and backlog, providing a positive outlook for 2025.
Key financial highlights include a 20% increase in adjusted EPS for both the fourth quarter and the full year, a 110 basis point increase in adjusted EBITDA margin to 18.3% for the quarter, and a 140 basis point increase to 19.4% for the year. The company saw strong performance in the Americas segment, with a 12% increase in revenues and a 21% rise in adjusted EBITDA for the fourth quarter. The EMEA and Asia Pacific segments also reported positive growth in bookings and operating margins, despite some foreign exchange impacts.
Trane Technologies’ management remains optimistic about 2025, forecasting continued revenue growth driven by their focused sustainability strategy and investments in innovation. The company aims to sustain its strong performance and deliver differentiated shareholder returns in the coming years.