Trane Technologies Q3 revenue rises 11% to $5.4 billion; raises 2024 guidance
Trane Technologies reported third-quarter 2024 revenue of $5.4 billion, up 11 percent, and adjusted continuing EPS of $3.37, up 21 percent. The company raised its full-year 2024 revenue growth and adjusted EPS guidance, which it now expects to be about 11 percent and $11.10, respectively.
Key points
- Q3 2024 GAAP continuing EPS was $3.43 versus $2.74 a year earlier; adjusted continuing EPS was $3.37 versus $2.79.
- Bookings were $5.2 billion, up 5 percent, and backlog was $7.2 billion, up from $6.9 billion at year-end 2023.
- Asia Pacific net revenues fell 21 percent to $298.5 million, while Americas revenues rose 15 percent to $4.5 billion.
- Year-to-date through September 30, 2024, cash flow from continuing operating activities was $2.3 billion and free cash flow was $2 billion.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.