1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
Trane Technologies enjoyed a strong second-quarter performance, which featured 22% top line growth (18% organic) and a 51% increase in adjusted EPS from continuing operations (to $1.92). While Trane had an easy prior-year comparison due to the pandemic (second-quarter 2020 sales were down 13% year over year), the firm's results topped prepandemic levels. Compared with second-quarter 2019, revenue and adjusted EPS were 6% and 12% higher, respectively.
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $12.5 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue.
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