Published on 2 Feb 2023 on Zacks via Yahoo Finance
Trane Technologies (TT) Q4 Earnings Beat Estimates, Rise Y/Y
Trane Technologies plc TT reported better-than-expected fourth-quarter 2022 results.
Adjusted EPS of $1.82 surpassed the Zacks Consensus Estimate by 11% and increased 33.8% year over year. Revenues of $4.1 billion beat the consensus mark by 2.7% and increased 14.1% year over year on a reported basis and 19% organically.
Strong results in the quarter were driven by robust demand. Bookings were down 2% year over year on a reported basis and were flat organically at $4 billion.