Trane Technologies (TT) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose compared with both the prior quarter and the same quarter a year earlier. The increase reflects continued growth in the company's operations.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose compared with both the prior quarter and the same quarter a year earlier. The increase reflects continued growth in the company's operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.3B
Revenue reported for this quarter.
Quarter-over-quarter
+25.9%
Change from the immediately preceding quarter.
Year-over-year
+12.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.8B
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, 2023 | $4.9B | +11.7% |
| Dec 31, 2023 | $4.4B | +8.6% |
| Mar 31, 2024 | $4.2B | +15.0% |
| Jun 30, 2024 | $5.3B | +12.8% |
Revenue performance
Reported revenue was higher than the preceding quarter, marking a sequential improvement. The year-over-year comparison also showed an increase, extending the positive trend.
Quarterly comparison
Compared with the immediately preceding quarter, revenue advanced. Versus the same quarter one year earlier, revenue was also higher, indicating stronger performance over both periods.
What to watch
Monitor whether revenue growth can be sustained given the company's dependence on working capital management and cash flow generation.