Trane Technologies (TT) Revenue — Quarter Ended Jun 30, 2023
Revenue grew in the latest quarter compared to both the prior quarter and the same period a year earlier. The company reported higher net revenues.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue grew in the latest quarter compared to both the prior quarter and the same period a year earlier. The company reported higher net revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
+28.3%
Change from the immediately preceding quarter.
Year-over-year
+12.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $4.4B | +17.5% |
| Dec 31, 2022 | $4.1B | +14.1% |
| Mar 31, 2023 | $3.7B | +9.2% |
| Jun 30, 2023 | $4.7B | +12.3% |
Revenue performance
The increase in revenue reflects continued business momentum.
Quarterly comparison
Revenue was higher than both the immediately preceding quarter and the same quarter one year ago.
What to watch
Monitor cost of goods sold trends as they may impact profitability.