- Trane Technologies press release ( NYSE: TT ): Q2 Non-GAAP EPS of $2.16 beats by $0.06 .
- Revenue of $4.2B (+9.7% Y/Y) beats by $90M .
- Reported bookings of $4.6 billion, up 6 percent; organic bookings up 7 percent.
- Record backlog of $6.5 billion, up 43 percent; positioned well for 2022 and 2023.
- Raises Full-Year 2022 Revenue and EPS Guidance : The company expects full-year reported revenue growth of ~11 percent; organic revenue growth of ~12 percent versus full-year 2021 vs. estimated growth of 8.91% Y/Y.
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GAAP continuing EPS of $6.98 to $7.08, including EPS of $(0.07) for transformation, executive retirement and restructuring and other items; adjusted continuing EPS of $7.05 to $7.15 vs. consensus of $7.03.
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Trane Technologies reports Q2 earnings beat; raises FY22 guidance