NYSE:TTBuilding
Trane Technologies (TT) Stock Climbs On Margin Strength And Backlog Surge
Trane Technologies stock jumped about 3.3% to roughly US$454.95, even though it came into the print a little bruised after three months of share price softness. The market latched onto one thing: the earnings headline was margin and profit resilience in a capital intensive, project heavy business.
Adjusted earnings per share of US$4.20 on about US$6.35b of revenue, alongside a trailing P/E near 33x, gave investors enough proof that the profit engine still has traction. Today’s move appears to...