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Trane Technologies plc TT reported better-than-expected first-quarter 2025 results.
Adjusted EPS of $2.45 surpassed the Zacks Consensus Estimate by 11.4% and increased 26.3% year over year.
Revenues of $4.7 billion beat the consensus mark by 5.1% and rose 11.2% year over year on a reported basis and organically. Bookings were up 4% year over year on a reported basis and organically.
Trane Technologies plc Price, Consensus and EPS Surprise
Trane Technologies plc price-consensus-eps-surprise-chart | Trane Technologies plc Quote
TT’s Revenues and Bookings
The Americas segment’s revenues of $3.8 billion were higher than our estimate of $3.6 billion, and increased 14% year over year on a reported basis and 13% organically. Bookings were up 5% on a reported basis and organically to $4.2 billion.
The Europe, Middle East and Africa segment’s revenues came in at $573.5 million, up 4% year over year on a reported basis and 6% organically, beating our estimate of $544.4 million. Bookings were up 9% year over year on a reported basis and 13% organically to $720.7 million.
Revenues from the Asia Pacific segment were down 4% year over year on a reported basis and down 3% organically to $314.3 million, beating our estimate of $310.5 million. Bookings were down 14% year over year on a reported basis and 13% organically to $341 million.
Balance Sheet and Cash Flow Figures of TT
Trane ended the quarter with a cash balance of $861 million compared with $850 million in the previous year’s first quarter. The debt balance was $4.7 billion compared with $4.8 billion in the March-end quarter of 2024. The company generated $346 million of cash from operating activities and free cash of $230 million in the quarter.
TT’s 2025 Guidance
For 2025, TT expects revenue growth of 7.5-8.5% and organic revenue growth of approximately 7-8% compared with full-year 2024.
Adjusted EPS for full-year 2025 is expected to be between $12.70 and $12.90. The guidance is higher than the Zacks Consensus Estimate of $12.66 per share.
Trane currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshot
Fiserv, Inc. FI reported mixed first-quarter 2025 results. The company’s earnings beat the Zacks Consensus Estimate, while revenues missed the mark.
FI’s adjusted earnings per share of $2.14 beat the consensus mark by 2.9% and gained 13.8% year over year. Adjusted revenues of $4.8 billion missed the consensus estimate by 1.6% but rose 5.5% on a year-over-year basis. (See the Zacks Earnings Calendar to stay ahead of market-making news.)