Trane Technologies Delivers Strong Q3: Revenue And EPS Outpace Expectations Amid Rising Demand
Trane Technologies Delivers Strong Q3: Revenue And EPS Outpace Expectations Amid Rising Demand
Adjusted EBITDA rose 18% to $1.127 billion, with margin expansion of 120 bps Y/Y to 20.7%. Adjusted EPS of $3.37 surpassed the street view of $3.24.Trane Technologies plc (NYSE:TT) shares are trading higher after the company reported third-quarter financial results and raised its FY24 guidance.
trane技術有限公司（紐交所：TT）股價上漲，因公司公佈了第三季度財務業績，並將FY24指引上調。
Revenues grew 11% year-over-year to $5.44 billion, surpassing the consensus of $5.32 billion. Bookings increased 5% to $5.213 billion in the quarter.
營業收入同比增長11％，達到54.4億美元，超過了53.2億美元的共識。訂貨額在本季度增長5％，達到了52.13億美元。
Enterprise reported an 11% increase in both revenues and organic revenues. The backlog totaled $7.2 billion, versus $6.9 billion at year-end 2023.
企業報告營業收入和有機營業收入均增長了11％。積壓訂單總額爲72億美元，高於2023年年底的69億美元。
Adjusted EBITDA rose 18% to $1.127 billion, with margin expansion of 120 bps Y/Y to 20.7%. Adjusted EPS of $3.37 surpassed the street view of $3.24.
調整後的EBITDA增長18％，爲11.27億美元，同比增加120個點子至20.7％的毛利率。調整後的每股收益爲3.37美元，超過了3.24美元的市場預期。
As of September 30, 2024, operating cash flow from continuing operating activities reached $2.3 billion, while free cash flow amounted to $2 billion. As of September 30, cash and equivalents stood at $1.93 billion.
截至2024年9月30日，持續營運活動的現金流達到23億美元，而自由現金流爲20億美元。截至9月30日，現金及等價物爲19.3億美元。
Year-to-date through October, the company deployed or committed around $2.0 billion in capital, including $800 million for dividends and $1 billion for share repurchases.
截至十月份，該公司今年以來已投入或承諾投入約20億美元資本，其中80000萬美元用於紅利，10億美元用於股份回購。
Trane Technologies plans to maintain a competitive and growing dividend while deploying 100% of excess cash to shareholders over time.
trane技術計劃保持有競爭力且不斷增長的股息，並隨着時間推移將超出現金的100％分配給股東。
Outlook: Trane Technologies raised FY24 organic revenue growth outlook to 11% (prior view 10%) and adjusted the EPS outlook to $11.10 (from $10.80) vs. consensus of $10.90.
展望：trane技術將FY24有機營業收入增長前景提高至11％（之前的前景爲10％），並調整了每股收益的展望至11.10美元（由10.80美元），而共識爲10.90美元。
Investors can gain exposure to the stock via Invesco Building & Construction ETF (NYSE:PKB) and AdvisorShares Gerber Kawasaki ETF (NYSE:GK).
投資者可以通過景順建築與建設etf（紐交所:PKB）以及AdvisorShares Gerber Kawasaki etf（紐交所:GK）獲得該股的暴露。
Price Action: TT shares are down 4.58% at $372.72 at the last check Wednesday.
價格走勢：Tt股在週三最後一次檢查時下跌了4.58%，報372.72美元。
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譯文內容由第三人軟體翻譯。
