NYSE$TT
Trane Technologies · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Trane Technologies reported strong fourth-quarter and full-year 2020 results, delivering solid bookings growth, flat revenue, strong margin expansion and compelling EPS growth.
Trane Technologies reported flat revenue but achieved strong margin expansion and EPS growth in Q4 2020. The company's adjusted continuing EPS was up 12 percent. Exceptional full-year free cash flow of $1.7 billion, or 158% of adjusted net earnings.
- GAAP operating margin up 180 bps and adjusted operating margin up 150 bps
- GAAP continuing EPS of $1.01; adjusted continuing EPS of $1.03, up 12 percent
- Exceptional cash conversion for full-year 2020; free cash flow of $1.7 billion, 158 percent of adjusted net earnings
- Enterprise reported revenues were flat; enterprise organic revenues were down 1 percent.
Headline financials
Revenue & EPS history
Trane · Revenue · Quarterly
$3.18B
Revenue by segment
Trane · $2.85B total across 2 segments · Q4 2020
- Americas HVAC & Transport$2.39B—83.7%
- EMEA Climate Solutions$465M—16.3%
Forward guidance
The company expects strong adjusted earnings per share in 2021, guiding to a range of $5.30 to $5.50, up 19% to 23%.
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 Q4 2020
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro