Trane Technologies Reports Revenue Growth and Strong Bookings in 2024
USA: Trane Technologies plc has reported its financial results for the fourth quarter and full year of 2024. The company achieved USD 4.9 billion in revenue for the fourth quarter, marking a 10 percent increase from the same period in the previous year. The adjusted earnings per share (EPS) for continuing operations rose by 20 percent to USD 2.61. For the full year, revenue reached USD 19.8 billion, reflecting a 12 percent growth, with an adjusted EPS of USD 11.22, up by 24 percent.
The company also reported USD 20.3 billion in bookings for the year, an 11 percent increase, leading to a backlog of USD 6.75 billion as it enters 2025. Looking ahead, the company anticipates reported revenue growth of approximately 6.5 to 7.5 percent for 2025, with both GAAP and adjusted continuing EPS projected to be between USD 12.70 and USD 12.90.
Source: Trane