Trane reports Q4 adjusted EPS $2.17, consensus $2.13

Reports Q4 revenue $4.4B, consensus $4.43B .”Trane Technologies delivered another year of top quartile financial performance in 2023 powered by our purpose-driven strategy, uplifting culture and talented team,” said Dave Regnery, chair and CEO, Trane Technologies. “We achieved record financial results with strong organic revenue growth, powerful free cash flow conversion of 103% and our third consecutive year of adjusted earnings per share growth of 20% or more. Since 2020, we have delivered compound annual revenue growth of 12 percent, adjusted EBITDA margin expansion of 260 basis points and average free cash flow as a percentage of adjusted net earnings* of approximately 100 percent, while deploying approximately $9 billion of capital. With our focused sustainability strategy, proven business operating system, and relentless investment in future growth and innovation, we are well positioned to continue delivering differentiated shareholder returns over the long term.”