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
Trane Technologies plc (NYSE:TT) shares are trading higher after the company reported third-quarter financial results and raised its FY24 guidance.
trane技术有限公司(纽交所:TT)股价上涨,因公司公布了第三季度财务业绩,并将FY24指引上调。
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.
营业收入同比增长11%,达到54.4亿美元,超过了53.2亿美元的共识。订货额在本季度增长5%,达到了52.13亿美元。
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.
企业报告营业收入和有机营业收入均增长了11%。积压订单总额为72亿美元,高于2023年年底的69亿美元。
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.
调整后的EBITDA增长18%,为11.27亿美元,同比增加120个基点至20.7%的毛利率。调整后的每股收益为3.37美元,超过了3.24美元的市场预期。
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,持续营运活动的现金流达到23亿美元,而自由现金流为20亿美元。截至9月30日,现金及等价物为19.3亿美元。
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,该公司今年以来已投入或承诺投入约20亿美元资本,其中80000万美元用于红利,10亿美元用于股份回购。
Trane Technologies plans to maintain a competitive and growing dividend while deploying 100% of excess cash to shareholders over time.
trane技术计划保持有竞争力且不断增长的股息,并随着时间推移将超出现金的100%分配给股东。
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技术将FY24有机营业收入增长前景提高至11%(之前的前景为10%),并调整了每股收益的展望至11.10美元(由10.80美元),而共识为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).
投资者可以通过景顺建筑与建设etf(纽交所:PKB)以及AdvisorShares Gerber Kawasaki etf(纽交所:GK)获得该股的暴露。
Price Action: TT shares are down 4.58% at $372.72 at the last check Wednesday.
价格走势:Tt股在周三最后一次检查时下跌了4.58%,报372.72美元。
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