TT - Thermo King Maker Trane Technologies' Shares Are Surging: Here's Why | Benzinga

Trane Technologies PLC (NYSE: TT) shares are trading higher by around 9% after the company reported Q3 FY23 results.

The company posts revenue growth of 12% Y/Y on a reported and 9% Y/Y on an organic basis to $4.88 billion, beating the consensus of $4.80 billion.

The company witnessed strong volume growth, positive price realization, and improved productivity in the quarter.

Bookings rose 10% Y/Y (+8% Y/Y organically) to $4.95 billion, led by Americas Commercial HVAC.

Adjusted operating margin expanded by 130 bps Y/Y to 18.0%, and the adjusted EBITDA margin expanded by 100 bps Y/Y to 19.5%.

Adjusted continuing EPS of $2.79 (+23% Y/Y), Full story available on Benzinga.com