Trane Technologies CEO talks Q3 beat, China, and where growth is [Yahoo! Finance Canada]
Trane Technologies plc (TT)
Company Research
Source: Yahoo! Finance Canada
The company reported revenue of $5.44 billion, surpassing Wall Street's estimate of $5.32 billion, while adjusted earnings per share reached $3.37, above the expected $3.24. Josh Lipton and Julie Hyman spoke with Trane Technologies CEO David Regnery about these numbers. "We had a very strong quarter," Regnery tells Market Domination, noting the company's 11% revenue growth and 21% increase in earnings per share. However, Regnery acknowledges challenges in the Chinese market, saying, "It had a tough quarter. Certainly, the markets there are a bit depressed." He also mentions that the company had tightened credit markets in the region as a precautionary measure. Despite these headwinds in China, Regnery emphasized that Trane "performed very, very well" during the quarter. China is "4% of our total revenue, a very small portion of our business." "Our best days are really in front of us," Regnery tells Yahoo Finance, expressing optimism about the company's growth prospects. Regner
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News
- Spotlighting Undiscovered Gems with Potential In November 2024 [Yahoo! Finance]Yahoo! Finance
- Reasons Why You Should Bet on Trane Technologies Stock Now [Yahoo! Finance]Yahoo! Finance
- If You Invested $1000 in Trane Technologies a Decade Ago, This is How Much It'd Be Worth Now [Yahoo! Finance]Yahoo! Finance
- Organic Growth: The Carolina Farm Trust and Trane Technologies [Yahoo! Finance]Yahoo! Finance
- Trane Technologies to Present at the UBS Global Industrials and Transportation ConferenceBusiness Wire
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Earnings
- 10/30/24 - Beat
TT
Sec Filings
- 11/21/24 - Form 8-K
- 11/7/24 - Form SC
- 11/5/24 - Form 4
- TT's page on the SEC website