Trane Technologies


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Trane Technologies: Initiation of Coverage – Enhanced Capabilities in the Data Center Sector 


Trane Technologies Plc emerged from the latest earnings with solid results in the first quarter of 2024, reflecting the success of its underlying business strategies and operational excellence. The company offers compelling investment prospects given the ongoing tailwinds in its market segments, continued innovation, and higher revenue and earnings outlook for the year. Strong corresponding results of previous efforts in megaprojects and building services, as well as a robust backlog of $7.7 billion, a 10% increase from the previous year, lend credence to the positive growth trajectory and further validates this investment. This is reinforced by an increase of $800 million for the 2025 backlog and beyond, securing visibility for future growth. The gains were distributed across the company’s spectrum, with its Commercial HVAC businesses particularly noteworthy, boasting over 20% growth. Booking strength showed broad-based growth, firing on nearly all verticals and geographies.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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