Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Trane Technologies (TT)
NYSE:TT
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.2Last Year’s EPS
1.94Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 0.73%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Trane Technologies reported strong financial performance in 2024 with record revenue and EPS growth, driven by robust demand in Commercial HVAC and strategic investments. Despite challenges in transport refrigeration and softness in China, the company's strong backlog and positive outlook for 2025 suggest continued growth opportunities. The sentiment is overall positive due to the strong highlights outweighing the lowlights.Company Guidance
In the fourth quarter of 2024, Trane Technologies experienced a robust financial performance, driven by strategic investments and a strong market demand for its innovative solutions. The company reported a 10% organic revenue growth, with the Americas segment achieving high-single-digit growth in Commercial HVAC bookings and low-teens growth in residential revenues. Adjusted EBITDA margins expanded by 110 basis points, contributing to a 20% increase in adjusted EPS. Trane Technologies also recorded an impressive free cash flow of $2.8 billion, resulting in a 109% conversion rate. The company's backlog stood at $6.75 billion, with a book-to-bill ratio of 102%, positioning it well for continued success in 2025. The guidance for 2025 projects a 7% to 8% organic revenue growth, with adjusted EPS expected to grow by 13% to 15%, reflecting Trane Technologies' confidence in maintaining its market leadership and delivering differentiated shareholder value.Record Organic Revenue and EPS Growth
Trane Technologies achieved a 10% organic revenue growth and a 20% adjusted EPS growth in Q4 2024. For the full year, organic revenue grew by 12% and adjusted EPS by 24%.
Significant Backlog and Bookings
The company entered 2025 with a backlog of $6.75 billion and reported a strong book-to-bill ratio of 102% for the full year, indicating continued demand and future revenue visibility.
Strong Performance in Commercial HVAC
Commercial HVAC bookings in the Americas and EMEA were strong, with bookings up more than 30% on a three-year stack. Applied systems revenue growth was up over 120% in the Americas and 90% in EMEA.
Positive Outlook for 2025
Trane Technologies provided guidance for 2025 with 7% to 8% organic revenue growth and 13% to 15% EPS growth. The company expects strong free cash flow conversion of 100% or greater.
Continued Investment and Strategic Acquisitions
The company deployed $2.5 billion in 2024 for dividends, M&A, and share repurchases. Notable acquisitions include BrainBox AI to enhance service offerings.
---
TT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
TT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $364.00 | $366.32 | +0.64% |
| Oct 30, 2024 | $389.80 | $374.76 | -3.86% |
| Jul 31, 2024 | $327.36 | $332.79 | +1.66% |
| Apr 30, 2024 | $298.72 | $315.09 | +5.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Trane Technologies (TT) report earnings?
Trane Technologies (TT) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Trane Technologies (TT) earnings time?
Trane Technologies (TT) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TT EPS forecast?
TT EPS forecast for the fiscal quarter 2025 (Q1) is 2.2.
---