NYSE$TT
Trane Technologies · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported strong results driven by robust bookings and revenue growth, significant margin expansion and healthy free cash flow.
Trane Technologies reported a strong second quarter with a 22% increase in revenues and a 51% increase in adjusted EPS. The company saw robust bookings and revenue growth and record backlog, improving overall visibility for 2021 and into 2022.
- Reported bookings of $4.4 billion, up 34 percent; organic bookings up 30 percent
- Reported revenues of $3.8 billion, up 22 percent; organic revenues up 18 percent
- GAAP operating margin up 350 bps; adjusted operating margin up 210 bps
- GAAP continuing EPS of $1.91; adjusted continuing EPS of $1.92, up 51 percent
Headline financials
Revenue & EPS history
Trane · Revenue · Quarterly
$3.83B
Revenue by segment
Trane · $3.49B total across 2 segments · Q2 2021
- Americas HVAC & Transport$2.97B+21.0%85.0%
- EMEA Climate Solutions$523M+40.3%15.0%
Forward guidance
Company expects full-year 2021 reported revenues up approximately 13.5 percent; organic revenues up approximately 11 percent versus 2020. GAAP continuing EPS of $5.80, including EPS of $(0.25) for transformation and other restructuring costs; adjusted continuing EPS of $6.05, up 36 percent versus 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+1.6%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+4.7%
Avg return
30 days after
66%
48 / 73 earnings
Positive
+12.0%
Q3 2023
Best reaction
-8.4%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | -0.4% | -5.8% | |
| Q4 2025 | +8.1% | +10.4% | +17.3% | |
| Q3 2025 | +4.6% | +1.3% | -1.4% | |
| Q2 2025 | -8.4% | -7.9% | -11.8% | |
| Q1 2025 | +8.5% | +14.0% | +21.7% | |
| Q4 2024 | +0.6% | -2.3% | -2.8% | |
| Q3 2024 | -5.2% | -3.5% | +6.6% | |
| Q2 2024 | +1.4% | -4.4% | +10.0% | |
| Q1 2024 | +4.7% | +6.1% | +8.0% | |
| Q4 2023 | +9.8% | +7.2% | +13.5% | |
| Q3 2023 | +12.0% | +14.1% | +19.6% | |
| Q2 2023 | +3.1% | +4.7% | +3.1% | |
| Q1 2023 | -6.7% | -6.3% | -8.2% | |
| Q4 2022 | +4.2% | +0.9% | +8.6% | |
| Q3 2022 | +3.1% | +4.9% | +12.0% | |
| Q2 2022 | +6.7% | +7.4% | +7.0% | |
| Q1 2022 | -2.0% | -3.6% | -0.8% | |
| Q4 2021 | -2.9% | -7.8% | -9.8% | |
| Q3 2021 | -1.1% | +2.3% | +5.6% | |
| Q2 2021 | -5.4% | -6.1% | -3.2% | |
| Q1 2021 | +4.1% | +6.8% | +4.0% | |
| Q4 2020 | +0.1% | -0.3% | +7.8% | |
| Q3 2020 | +6.8% | +11.2% | +16.0% | |
| Q2 2020 | +6.9% | +8.2% | +16.0% | |
| Q1 2020 | -6.3% | -0.9% | +12.2% | |
| Q4 2019 | +3.3% | +4.1% | -1.3% | |
| Q3 2019 | +4.7% | +5.6% | +7.9% | |
| Q2 2019 | +1.2% | -1.1% | -1.7% | |
| Q1 2019 | +1.3% | +3.5% | -0.6% | |
| Q4 2018 | +3.4% | +4.1% | +9.6% | |
| Q3 2018 | +3.9% | +1.5% | +10.9% | |
| Q2 2018 | +7.3% | +6.7% | +9.3% | |
| Q1 2018 | +5.8% | +4.4% | +11.7% | |
| Q4 2017 | +4.4% | -2.2% | -6.7% | |
| Q3 2017 | -5.2% | -7.0% | -11.9% | |
| Q2 2017 | -3.0% | -2.9% | -6.5% | |
| Q1 2017 | +4.2% | +3.6% | +4.3% | |
| Q4 2016 | -1.7% | +0.7% | +0.8% | |
| Q3 2016 | +3.8% | +4.2% | +17.8% | |
| Q2 2016 | -2.5% | -2.6% | -0.8% | |
| Q1 2016 | +3.2% | — | — | |
| Q4 2015 | +0.2% | — | — | |
| Q3 2015 | +3.3% | — | — | |
| Q2 2015 | -5.4% | — | — | |
| Q1 2015 | +1.7% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q3 2014 | +2.9% | — | — | |
| Q2 2014 | +3.9% | — | — | |
| Q1 2014 | +2.8% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q3 2013 | +6.7% | — | — | |
| Q2 2013 | +3.0% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q4 2012 | +0.8% | — | — | |
| Q3 2012 | +1.9% | — | — | |
| Q2 2012 | -2.7% | — | — | |
| Q1 2012 | +0.3% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q3 2011 | -1.2% | — | — | |
| Q2 2011 | -0.5% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q1 2011 | -1.0% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q2 2010 | -1.0% | — | — | |
| Q1 2009 | +3.9% | — | — | |
| Q1 2010 | +3.9% | — | — | |
| Q4 2007 | +2.2% | — | — | |
| Q4 2009 | +2.2% | — | — | |
| Q3 2008 | +4.6% | — | — | |
| Q3 2009 | +4.6% | — | — | |
| Q4 2008 | -0.6% | — | — | |
| Q2 2009 | -0.6% | — | — | |
| Q2 2008 | -0.6% | — | — |
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