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TT - Trane Technologies plc

NYSE -> Industrials -> Specialty Industrial Machinery
Swords, Ireland
Type: Equity

TT price evolution
TT
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $1095.3 $960 $663.6 $692.9
Short term investments
Net receivables $2956.8 $3142.5 $3199.8 $2606
Inventory $2152.1 $2191.8 $2355.8 $2343.7
Total current assets $6869.9 $6726.9 $6675 $6074.8
Long term investments
Property, plant & equipment $1772.2 $1683.8 $1654.7 $1582.3
Goodwill & intangible assets $9535.1 $9056.8 $9136.4 $8754
Total noncurrent assets $12522 $12176.3 $12231.5 $11822.6
Total investments
Total assets $19391.9 $18903.2 $18906.5 $17897.4
Current liabilities
Accounts payable $2025.2 $2093.3 $2176.9 $1962.6
Deferred revenue
Short long term debt $801.9 $348.3 $550.2 $348.3
Total current liabilities $6053.5 $5214.2 $5593.2 $4831.4
Long term debt $3977.9 $4476.3 $4476.6 $4481.8
Total noncurrent liabilities $6321.4 $6988.6 $7036.1 $7011.7
Total debt $4779.8 $4824.6 $5026.8 $4830.1
Total liabilities $12374.9 $12202.8 $12629.3 $11843.1
Shareholders' equity
Retained earnings $9133.7 $8970.9 $8445.4 $8202.3
Other shareholder equity -$670.8 -$822 -$743.4 -$699.3
Total shareholder equity $6995.2 $6681.8 $6258.8 $6036.1
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $1095.3 $1220.5 $2159.2 $3289.9
Short term investments
Net receivables $2956.8 $2981.3 $2429.4 $2202.1
Inventory $2152.1 $1993.8 $1530.8 $1189.2
Total current assets $6869.9 $6379.2 $6470.9 $6905.6
Long term investments $53.6
Property, plant & equipment $1772.2 $1998.6 $1398.8 $1349.5
Goodwill & intangible assets $9535.1 $8767.7 $8810.4 $8629.2
Total noncurrent assets $12522 $11702.4 $11588.9 $11251.1
Total investments
Total assets $19391.9 $18081.6 $18059.8 $18156.7
Current liabilities
Accounts payable $2025.2 $2091.6 $1787.3 $1520.2
Deferred revenue
Short long term debt $801.9 $1048 $350.4 $775.6
Total current liabilities $6053.5 $5686.8 $4752.4 $4338.9
Long term debt $3977.9 $3788.3 $4491.7 $4496.5
Total noncurrent liabilities $6321.4 $6289.6 $7034.3 $7390.7
Total debt $4779.8 $4836.3 $4842.1 $5272.1
Total liabilities $12374.9 $11993 $11786.7 $11729.6
Shareholders' equity
Retained earnings $9133.7 $8320.9 $8353.2 $8495.3
Other shareholder equity -$670.8 -$766.2 -$637.6 -$631.5
Total shareholder equity $6995.2 $6088.6 $6255.9 $6407.7
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $4424.1 $4882.9 $4704.7 $3665.8
Cost of revenue $2952.8 $3224.8 $3120.3 $2522.3
Gross Profit $1471.3 $1658.1 $1584.4 $1143.5
Operating activities
Research & development
Selling, general & administrative $783.7 $793.9 $699 $686.7
Total operating expenses $875.9 $793.9 $699 $686.7
Operating income $595.4 $864.2 $885.4 $456.8
Income from continuing operations
EBIT $659.9 $841.7 $817.4 $437.9
Income tax expense $98.2 $157.5 $169.6 $73.2
Interest expense $57.4 $57.9 $61.6 $57.6
Net income
Net income $504.3 $626.3 $586.2 $307.1
Income (for common shares) $504.3 $626.3 $586.2 $307.1
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $17677.6 $15991.7 $14136.4 $12454.7
Cost of revenue $11820.4 $11026.9 $9666.8 $8651.3
Gross Profit $5857.2 $4964.8 $4469.6 $3803.4
Operating activities
Research & development
Selling, general & administrative $2963.2 $2545.9 $2446.3 $2270.6
Total operating expenses $3055.4 $2569.2 $2445.2 $2270.6
Operating income $2801.8 $2395.6 $2024.4 $1532.8
Income from continuing operations
EBIT $2756.8 $2355.9 $1990.6 $1400.4
Income tax expense $498.4 $375.9 $333.5 $296.8
Interest expense $234.5 $223.5 $233.7 $248.7
Net income
Net income $2023.9 $1756.5 $1423.4 $854.9
Income (for common shares) $2023.9 $1756.5 $1423.4 $854.9
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $504.3 $626.3 $586.2 $307.1
Operating activities
Depreciation $87.9 $92 $88.4 $79.8
Business acquisitions & disposals -$352.6 -$4 -$506.2
Stock-based compensation $10.4 $13.4 $16.1 $24.4
Total cash flows from operations $934.8 $922.3 $524 $8.5
Investing activities
Capital expenditures -$74.3 -$83.2 -$56.9 -$77.1
Investments
Total cash flows from investing -$436.1 -$89.1 -$556 -$91
Financing activities
Dividends paid -$170.7 -$171.6 -$171.1 -$170.3
Sale and purchase of stock -$181.2 -$137.6 $7.5 -$278.7
Net borrowings -$91.3 -$402.2 $380.7 -$8.2
Total cash flows from financing -$398.2 -$515.7 $22.8 -$459.2
Effect of exchange rate $34.8 -$21.1 -$20.1 $14.1
Change in cash and equivalents $135.3 $296.4 -$29.3 -$527.6
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $2023.9 $1756.5 $1423.4 $854.9
Operating activities
Depreciation $348.1 $323.6 $299.4 $294.3
Business acquisitions & disposals -$862.8 -$234.7 -$269.2 -$193.6
Stock-based compensation $64.3 $56.3 $66.5 $69.5
Total cash flows from operations $2389.6 $1504 $1588.3 $1435
Investing activities
Capital expenditures -$291.5 -$282.1 -$207.9 -$146.1
Investments
Total cash flows from investing -$1172.2 -$540.4 -$545.7 -$376.2
Financing activities
Dividends paid -$683.7 -$620.2 -$561.1 -$507.3
Sale and purchase of stock -$590 -$1197.6 -$1022 -$185.5
Net borrowings -$121 -$11.7 -$867.7 -$618.6
Total cash flows from financing -$1350.3 -$1852.2 -$2127.6 $884.3
Effect of exchange rate $7.7 -$50.1 -$45.7 $68.2
Change in cash and equivalents -$125.2 -$938.7 -$1130.7 $2011.3
Fundamentals
Market cap $68.20B
Enterprise value $71.88B
Shares outstanding 227.17M
Revenue $17.68B
EBITDA $3.10B
EBIT $2.76B
Net Income $2.02B
Revenue Q/Q 8.60%
Revenue Y/Y 10.54%
P/E ratio 33.70
EV/Sales 4.07
EV/EBITDA 23.15
EV/EBIT 26.07
P/S ratio 3.86
P/B ratio 8.90
Book/Share 33.75
Cash/Share 4.82
EPS $8.91
ROA 10.78%
ROE 31.17%
Debt/Equity 1.77
Net debt/EBITDA 3.63
Current ratio 1.13
Quick ratio 0.78