Trane Technologies 2024 Guidance: Expects Reported Revenue Growth Of ~7%-8% YoY And Organic Growth OF 6%-7% YoY; Sees Adjusted EPS Of $10.00-$10.30 Vs. Consensus Of $10.06
Portfolio Pulse from Benzinga Newsdesk
Trane Technologies (TT) has provided its full-year 2024 guidance, expecting reported revenue growth of 7%-8% YoY and organic growth of 6%-7% YoY. The company anticipates adjusted EPS to be in the range of $10.00-$10.30, closely aligning with the consensus estimate of $10.06. GAAP continuing EPS is forecasted to be $9.90-$10.20, including $0.10 for non-GAAP adjustments.
February 01, 2024 | 11:31 am
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Trane Technologies expects a 7%-8% revenue growth and 6%-7% organic growth for 2024, with adjusted EPS projected at $10.00-$10.30, aligning with consensus estimates.
The guidance provided by Trane Technologies indicates a positive outlook for the company's financial performance in 2024. The expected revenue growth and adjusted EPS figures suggest that the company is on a solid growth trajectory. The alignment of the adjusted EPS guidance with consensus estimates further reinforces investor confidence, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100