Trane Technologies PLC Class A
TT: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$312.00 | Bnbbvw | Cyvvmxkzb |
Trane Technologies Earnings: Robust Commercial HVAC Demand Continues; Fair Value Raised 12%
Trane Technologies reported very strong first-quarter financial results, featuring 14% organic revenue growth, 230 basis points of adjusted operating margin expansion to 15.2%, and 38% adjusted earnings per share growth to $1.94. Bookings grew 17% organically in the quarter, resulting in a healthy 1.20 book/bill ratio. Trane’s backlog stands at $7.7 billion, 10% above its 2023 year-end backlog value.