NYSE$TT
Trane Technologies · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong bookings and revenue growth, driven by robust customer demand and effective management of headwinds.
Trane Technologies reported a strong third quarter with robust bookings and revenue growth. Despite facing material inflation and supply chain challenges, the company reaffirmed its 2021 outlook and strengthened its view into 2022, driven by continued customer demand for its climate control products and services.
- Reported bookings increased by 22 percent, with organic bookings up by 20 percent.
- Reported revenues grew by 6 percent, and organic revenues increased by 4 percent.
- GAAP continuing EPS was $1.73, while adjusted continuing EPS was $1.80, a 5 percent increase.
- The company delivered record third-quarter backlog of approximately $5 billion.
Headline financials
Revenue & EPS history
Trane · Revenue · Quarterly
$3.72B
Revenue by segment
Trane · $3.41B total across 2 segments · Q3 2021
- Americas HVAC & Transport$2.91B+6.0%85.5%
- EMEA Climate Solutions$495M+11.2%14.5%
Forward guidance
The company reaffirmed its 2021 guidance.
Tailwinds
- Reported revenues up approximately 13.5 percent versus 2020.
- Organic revenues up approximately 11 percent versus 2020.
- GAAP continuing EPS of $5.80.
- 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 Q3 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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