- Trane Technologies’ adjusted earnings per share (EPS) from continuing operations were $2.45, surpassing the estimate of $2.20.
- The company’s net revenue reached $4.69 billion, beating the anticipated $4.47 billion.
- In the Americas, net revenue was $3.80 billion, exceeding the expected $3.58 billion.
- The EMEA region reported net revenue of $573.5 million, slightly above the estimate of $572.9 million.
- APAC net revenue came in at $314.3 million, surpassing the forecasted $306.9 million.
- Adjusted EBITDA totaled $850.9 million, outperforming the estimate of $783.2 million.
- Americas adjusted EBITDA was $753.5 million, higher than the projected $675.3 million.
- EMEA adjusted EBITDA was $92.1 million, below the estimate of $107.6 million.
- Asia Pacific adjusted EBITDA reached $70.8 million, above the estimated $67.1 million.
- Adjusted operating income stood at $759.7 million, surpassing the estimated $691.9 million.
- The company maintains its forecast for adjusted EPS from continuing operations between $12.70 and $12.90, compared to an estimate of $12.75.
Trane Technologies on Smartkarma
Analyst coverage on Trane Technologies by Baptista Research on Smartkarma provides insight into the company’s strong financial performance and strategic focus on innovation and sustainability. In their analysis titled “Trane Technologies: Can HVAC Service Revenue Outweigh Market Cyclicality? – Major Drivers,” the report highlights the company’s impressive achievements, including 10% organic revenue growth, expanded EBITDA margins, and increased adjusted EPS. This positive report affirms Trane Technologies’ ability to outperform its peers in key financial metrics, showcasing strong execution across its business segments.
Furthermore, in the report “Trane Technologies Plc: Will The Strength in Industrial & Commercial Verticals Last?” Baptista Research delves into Trane Technologies’ recent third-quarter earnings call for 2024, emphasizing the company’s substantial organic revenue and earnings growth. With revenue growing organically by 11% and adjusted EPS increasing by 21%, Trane Technologies demonstrates a strategic commitment to innovation and market penetration in the HVAC sector. Baptista Research also aims to assess various factors influencing the company’s stock price in the near future, conducting an independent valuation using a Discounted Cash Flow (DCF) methodology.
A look at Trane Technologies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Trane Technologies, a company that manufactures industrial equipment such as heaters, air conditioners, electric vehicles, air cleaners, and fluid handling products, has been given Smart Scores on various factors. When looking at the long-term outlook for Trane Technologies, its Growth score of 4 is notably strong, indicating positive prospects for expansion and development in the future. Additionally, the company has received solid scores for Resilience and Momentum, suggesting it has the ability to withstand challenges and maintain a consistent trajectory moving forward.
Although Trane Technologies has received average scores for Value and Dividend, the higher scores in Growth, Resilience, and Momentum indicate a positive overall outlook. With a combination of strong growth potential and the ability to adapt to changing market conditions, Trane Technologies seems well-positioned for long-term success in serving its global customer base with industrial equipment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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