Trane Technologies Past Earnings Performance

Past criteria checks 6/6

Trane Technologies has been growing earnings at an average annual rate of 13.7%, while the Building industry saw earnings growing at 12.6% annually. Revenues have been growing at an average rate of 5.8% per year. Trane Technologies's return on equity is 29.5%, and it has net margins of 11.6%.

Key information

13.7%

Earnings growth rate

15.2%

EPS growth rate

Building Industry Growth	13.3%
Revenue growth rate	5.8%
Return on equity	29.5%
Net Margin	11.6%
Next Earnings Update	30 Apr 2024

Recent past performance updates

Recent updates

Trane Technologies Offers A Multipart Puzzle Between Industry Drivers, Macro Risk, And Valuation

Nov 09

Trane Technologies Q3 2022 Earnings Preview

Nov 01

Trane Technologies declares $0.67 dividend

Oct 12

August sees sequential increase in Architectural Billings Index, expansionary mode for the 19th consecutive month

Sep 23

Trane Technologies: Total Return Is Good And Has The Right Product At The Right Time

Aug 17

Trane Technologies Q2 2022 Earnings Preview

Aug 02

We Believe Trane Technologies Is Finally In 'Buy' Territory

May 31

Apparently, It's Not So Hard To Stop A Trane

Feb 11

Revenue & Expenses Breakdown
Beta

How Trane Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:TT Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	17,678	2,051	3,033
30 Sep 23	17,327	1,982	2,873
30 Jun 23	16,816	1,905	2,806
31 Mar 23	16,302	1,823	2,672
31 Dec 22	15,992	1,778	2,603
30 Sep 22	15,487	1,660	2,566
30 Jun 22	14,835	1,523	2,454
31 Mar 22	14,474	1,477	2,451
31 Dec 21	14,136	1,444	2,448
30 Sep 21	13,746	1,364	2,407
30 Jun 21	13,522	1,351	2,354
31 Mar 21	12,831	1,162	2,265
31 Dec 20	12,455	977	2,285
30 Sep 20	12,459	941	2,260
30 Jun 20	12,435	917	2,265
31 Mar 20	12,914	1,051	2,329
31 Dec 19	13,076	1,145	2,340
30 Sep 19	13,787	1,184	2,456
30 Jun 19	14,347	1,329	2,611
31 Mar 19	15,087	1,374	2,772
31 Dec 18	12,344	1,008	2,252
30 Sep 18	15,391	1,601	2,913
30 Jun 18	15,031	1,438	2,857
31 Mar 18	14,582	1,334	2,797
31 Dec 17	14,198	1,328	2,737
30 Sep 17	13,938	1,037	2,671
30 Jun 17	13,836	1,037	2,638
31 Mar 17	13,615	1,441	2,608
31 Dec 16	13,509	1,443	2,602
30 Sep 16	13,476	1,478	2,528
30 Jun 16	13,395	1,427	2,522
31 Mar 16	13,307	756	2,511
31 Dec 15	13,301	689	2,510
30 Sep 15	13,215	667	2,539
30 Jun 15	13,114	652	2,525
31 Mar 15	13,056	880	2,511
31 Dec 14	12,891	897	2,494
30 Sep 14	12,750	762	2,496
30 Jun 14	12,579	676	2,486
31 Mar 14	12,434	633	2,474
31 Dec 13	12,351	606	2,456
30 Sep 13	10,675	505	2,135
30 Jun 13	11,054	627	2,216

Quality Earnings: TT has high quality earnings.

Growing Profit Margin: TT's current net profit margins (11.6%) are higher than last year (11.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TT's earnings have grown by 13.7% per year over the past 5 years.

Accelerating Growth: TT's earnings growth over the past year (15.4%) exceeds its 5-year average (13.7% per year).

Earnings vs Industry: TT earnings growth over the past year (15.4%) exceeded the Building industry 12.1%.

Return on Equity

High ROE: TT's Return on Equity (29.5%) is considered high.

Return on Assets

Return on Capital Employed

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Trane Technologies Past Earnings Performance

Past criteria checks 6/6

Key information

Recent past performance updates

Trane Technologies plc to Report Q1, 2024 Results on Apr 30, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Trane Technologies plc to Report Q4, 2023 Results on Feb 01, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Trane Technologies plc to Report Q3, 2023 Results on Nov 01, 2023

Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Recent updates

Fourth quarter dividend of US$0.84 announced

Trane Technologies plc to Report Q1, 2024 Results on Apr 30, 2024

Trane Technologies plc Declares Quarterly Dividend, Payable on June 28, 2024

Trane Technologies Announces Completely New Residential HVAC Product Portfolio

Trane Technologies: Strong Commercial HVAC Growth In FY24

Executive VP notifies of intention to sell stock

Upcoming dividend of US$0.84 per share

Price target increased by 8.1% to US$267

Fourth quarter dividend increased to US$0.84

Don't Be Afraid To Hop Aboard The Trane

Trane Technologies plc Increases Dividend, Payable on March 29, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Trane Technologies plc to Report Q4, 2023 Results on Feb 01, 2024

Trane Technologies plc Appoints Riaz Raihan as Chief Digital Officer

Trane Technologies: Good Growth Prospects And A Reasonable Valuation

Upcoming dividend of US$0.75 per share at 1.3% yield

Investor sentiment improves as stock rises 15%

Insider notifies of intention to sell stock

Trane Technologies plc (NYSE:TT) completed the acquisition of Nuvolo Technologies Corporation.

Trane Technologies plc Provides Revenue Guidance for the Full-Year 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Trane Technologies plc to Report Q3, 2023 Results on Nov 01, 2023

Trane Technologies Declares Quarterly Dividend, Payable on December 29, 2023

Trane Technologies’ Latest AI-Enabled Service Offering Propels Building Performance and Accelerates Decarbonization

Trane Technologies: Powering A Sustainable And Lucrative Future

Trane Technologies Advances Building Decarbonization with Industry-First Ice-Heating Solution

Trane Technologies: A Good Buy At Current Levels

Upcoming dividend of US$0.75 per share at 1.5% yield

Executive VP notifies of intention to sell stock

Trane Technologies plc Provides Earnings Guidance for the Full-Year 2023

Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Trane Technologies plc to Report Q2, 2023 Results on Aug 02, 2023

Trane Technologies: Riding Energy Efficiency And Decarbonization

Trane Technologies plc Declares A Quarterly Dividend, Payable September 29, 2023

Upcoming dividend of US$0.75 per share at 1.8% yield

Executive VP & CFO notifies of intention to sell stock

Trane Technologies plc Provides Earnings Guidance for the Full-Year 2023

First quarter 2023 earnings: EPS exceeds analyst expectations

Executive VP notifies of intention to sell stock

Upcoming dividend of US$0.75 per share at 1.7% yield

Trane Technologies: Buy For Good Total Return, But A Bit Pricey At Present

Trane Technologies Increases Annual Dividend by 12%, Payable March 31, 2023

Trane Technologies lifts dividend by 12% to $0.75/share

Price target increased by 7.2% to US$185

Executive VP notifies of intention to sell stock

Trane Technologies plc Provides Earning Guidance for Full-Year 2023

Trane Technologies Q4 2022 Earnings Preview

Trane Technologies plc to Report Q4, 2022 Results on Feb 02, 2023

Executive VP of Supply Chain notifies of intention to sell stock

Trane Technologies, Launches the Th-350, an All-In-One Ultra-Thin Electric Refrigeration Unit

Chairman of the Board & CEO exercised options and sold US$1.9m worth of stock

Upcoming dividend of US$0.67 per share

Senior VP notifies of intention to sell stock

Insider notifies of intention to sell stock

Trane Technologies Reduces Carbon Impact of HVAC in Homes and Buildings Through Low-Carbon Steel

Trane Technologies Offers A Multipart Puzzle Between Industry Drivers, Macro Risk, And Valuation

Third quarter 2022 earnings: Revenues exceed analyst expectations

Insider notifies of intention to sell stock

Trane Technologies plc Provides Earning Guidance for Full Year 2022

Trane Technologies Q3 2022 Earnings Preview

Trane Technologies to Debut and Feature Employee-Powered Social Innovation and Decarbonization Solutions at VERGE22

Trane Technologies plc Appoints Mark Majocha as Vice President, Principal Accounting Officer and Chief Accounting Officer, Effective December 1, 2022

Mark George and Melissa Schaeffer Joins Trane Technologies Board of Directors

Trane Technologies plc Declares Quarterly Dividend, Payable December 30, 2022

Trane Technologies plc to Report Q3, 2022 Results on Nov 02, 2022

Trane Technologies declares $0.67 dividend

Thermo King by Trane Technologies Accelerates Cold Chain Decarbonization Following Electric Trailer Trials with Walmart, Loblaws and Martin Brower

August sees sequential increase in Architectural Billings Index, expansionary mode for the 19th consecutive month

Upcoming dividend of US$0.67 per share

Revenue & Expenses Breakdown
Beta