Trane Technologies Surpasses Q2 Estimate, Revises FY23 Outlook
Portfolio Pulse from Lekha Gupta
Trane Technologies PLC (NYSE:TT) reported Q2 2023 revenue growth of 12% Y/Y to $4.71 billion, surpassing the consensus of $4.62 billion. The company saw strong volume growth, positive price realization, and improved productivity. However, bookings declined by 3% Y/Y to $4.50 billion. The company also raised its adjusted EPS outlook for 2023 to $8.80-$8.90 from the previous guidance of $8.30-$8.50. Following the announcement, TT shares are trading higher by 3.28% at $205.55.
August 04, 2023 | 11:42 am
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Trane Technologies reported strong Q2 results and raised its 2023 EPS outlook, leading to a rise in its share price.
Trane Technologies reported better than expected Q2 results and raised its 2023 EPS outlook. This positive news has led to an increase in the company's share price, indicating a positive short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100