Trane Technologies (TT) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
-4.7%
Change from the immediately preceding quarter.
Year-over-year
+15.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.2B
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 |
|---|---|---|
| Jun 30, 2023 | $4.7B | +12.3% |
| Sep 30, 2023 | $4.9B | +11.7% |
| Dec 31, 2023 | $4.4B | +8.6% |
| Mar 31, 2024 | $4.2B | +15.0% |
Revenue performance
The reported revenue reflects a sequential decrease from the prior quarter. The year-over-year comparison shows growth relative to the same period last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue may warrant monitoring in the context of broader demand trends.