2024-03-20 11:41:29 ET
Summary
- Trane Technologies' stock price has surged by over 56% since June 2023, driven by strong growth in decarbonization and electrification.
- The company delivered 8.7% organic revenue growth and 21.4% adjusted operating profit growth in FY23, with strong commercial HVAC booking growth.
- The residential and transport refrigeration markets pose challenges, but Trane's management anticipates a return to growth in the long term.
...
Read the full article on Seeking Alpha
For further details see:
Trane Technologies: Strong Commercial HVAC Growth In FY24