Trane Technologies (TT) has had an impressive run over the past six months, wherein the company's shares have gained 51.7%, outperforming the 25.9% rally of the industry it belongs to and the 16.6% rise of the Zacks S&P 500 composite. TT reported better-than-expected first-quarter 2024 results. The adjusted EPS of $1.94 surpassed the Zacks Consensus Estimate by 18.3% and increased 37.6% year over year. Revenues of $4.2 billion beat the consensus mark by 5.7% and increased 15% year over year on a reported ba ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34400 _____________________________ TRANE TECHNOLOGIES ...

财务数据和关键指标变化 - 公司在第一季度实现了14%的有机收入增长,调整后的营业利润率提升230个基点,调整后每股收益增长38% [10][21] - 公司在第一季度实现了120%的订单增长,订单增长主要来自于商用HVAC业务,其中美洲商用HVAC业务订单增长30% [10][11][15] - 公司第一季度末订单总额达到77亿美元,较年末增长10%,2025年及以后的订单增加8亿美元至18亿美元 [14] 各条业务线数据和关键指标变化 - 美洲商用HVAC业务订单增长30%,设备销售增长超过40%,服务销售增长超过15% [15][16] - 美洲住宅业务订单小幅下降,收入小幅增长,表现好于预期 [17] - 美洲运输业务订单和收入小幅下降,预计全年上半年疲软下半年强劲 [17] - 欧洲商用HVAC业务订单和收入分别增长低个位数和高个位数,运输业务订单和收入小幅下降 [18] - 亚洲业务整体表现符合预期,中国业务订单增长超过20%,收入增长高个位数 [19] 各个市场数据和关键指标变化 - 数据中心业务是公司重点关注的垂直市场,公司在该领域拥有领先的技术和解决方案 [53][54][55] - 教育和医疗等行业也是公司的重点关注领域,受益于ESSER和IRA等政府政策 [77][78] - 公司在传统办公和酒店等行业的表现相对较弱 [46] 公司战略和发展方向及行业竞争 - 公司专注于能源效率、减碳和数字化转型等行业趋势,通过持续创新和投资来满足客户需求 [9][12][13] - 公司在数据中心、教育和医疗等垂直行业拥有领先优势,通过直销团队和深厚客户关系来获取订单 [46][53][77] - 公司在商用HVAC领域保持强劲竞争力,在行业内保持领先地位 [11][15][16] 管理层对经营环境和未来前景的评论 - 管理层对公司2024年的业绩表现保持乐观,预计全年有机收入增长8%-9%,调整后每股收益10.40-10.50美元 [30][31] - 管理层认为公司在商用HVAC业务方面的强劲表现将持续贯穿全年,尽管面临着去年同期的高基数挑战 [26][27] - 管理层对住宅业务的前景保持谨慎乐观,将密切关注第二季度及以后的表现 [27][28] 其他重要信息 - 公司将继续保持资本配置策略的平衡,包括持续加大业务再投资、维持强大的资产负债表、100%部署剩余现金等 [36][37][38] - 公司在2024年计划部署约25亿美元的现金,包括股票回购和潜在的并购机会 [37][38] - 公司运输业务预计将在2024年经历温和下滑,但长期前景依然看好 [40][41][44] 问答环节重要的提问和回答 问题1 **Andy Kaplowitz 提问** 公司订单和订单总额的持续增长主要来自哪些领域,尤其是数据中心业务?这种订单增长趋势能否持续? [45] **David Regnery 回答** 订单增长来自于多个行业,包括数据中心、教育、医疗、高科技制造等,增长并不集中在某一个行业。公司的销售渠道和创新能力是订单增长的关键因素,公司看好未来的增长机会。 [46][47] 问题2 **Scott Davis 提问** 公司在数据中心制冷解决方案方面是否会与Vertiv等竞争对手合作,还是会直接竞争? [53] **David Regnery 回答** 公司会与技术合作伙伴合作,因为数据中心制冷需要系统集成。公司专注于为客户提供整体解决方案,包括终端制冷、空气处理和高效制冷机组等,与合作伙伴形成互补。 [59][60] 问题3 **Julian Mitchell 提问** 公司2024年全年收入指引中,上半年增长约11%,下半年增长约6%,这是否主要由于商用HVAC业务面临去年同期的高基数挑战? [62] **Chris Kuehn 回答** 是的,商用HVAC业务特别是美洲地区面临着去年同期高基数的挑战,这是导致全年收入增速放缓的主要原因。但公司整体仍有信心完成全年的收入和利润指引。 [63][64][65]

Trane Technologies Reports Strong First Quarter Results and Raises 2024 Revenue and EPS Guidance Highlights (first-quarter 2024 versus first-quarter 2023, unless otherwise noted): l Reported revenues of $4.2 billion, up 15 percent; organic revenues* up 14 percent l GAAP operating margin up 250 bps; adjusted operating margin* up 230 bps l Adjusted EBITDA margin* of 16.8 percent, up 200 bps l GAAP continuing EPS of $1.92; adjusted continuing EPS* of $1.94, up 38 percent l Organic bookings* up 17 percent, led ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34400 TRANE TECHNOLOGIES PLC (Exact name of registrant as specified in its charter) Ireland 98-0626632 (State or other ...

Zac Nagle â Vice President, Investor Relations Dave Regnery â Chair and Chief Executive Officer Chris Kuehn â Executive Vice President and CFO Company Participants Conference Call Participants Trane Technologies plc (NYSE:TT) Q4 2023 Earnings Conference Call February 1, 2024 10:00 AM ET Andrew Obin That makes sense. And then as we think about inventory in the channel and the refrigerant change both on residential and light commercial, how do you see, I think you addressed inventory on residential, but how d ...

February 1, 2024 TESH NOLOGIES Forward-Looking Statements This news release includes "forward-looking" statements within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue, EPS, operating income, operation margin and earnings; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the amount and timing of ou ...

Operator Your next question is from Steve Tusa of JPMorgan. Charles Tusa I'll echo, those orders, pretty strong for sure. What were -- there's been a lot of strength in light commercial. How strong was your light commercial business, large and light? Joseph Ritchie Gautam Khanna Okay. Can you comment on how far out you guys are actually booking into '24 at this point or... David Regnery It's always within a 12-month period. So these orders don't get booked way out. But in fact, in the prior years, we would ...

Third-Quarter 2023 Results November 1, 2023 TECHNOLOGIES Forward-Looking Statements This news release includes "forward-looking" statements within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue, EPS, operating income, operation margin and earnings; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34400 _____________________________ TRANE TECHNOLOGIES PLC (Exact name of registrant as specified in its charter) _______________________________ (State or other jurisdiction of incorporation or ...