Trane Technologies (TT) Revenue — Quarter Ended Sep 30, 2024
Trane Technologies reported revenue growth in the quarter. The increase was driven by a rise compared to both the prior quarter and the same period last year.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Trane Technologies reported revenue growth in the quarter. The increase was driven by a rise compared to both the prior quarter and the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.4B
Revenue reported for this quarter.
Quarter-over-quarter
+2.5%
Change from the immediately preceding quarter.
Year-over-year
+11.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.4B
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 |
|---|---|---|
| Dec 31, 2023 | $4.4B | +8.6% |
| Mar 31, 2024 | $4.2B | +15.0% |
| Jun 30, 2024 | $5.3B | +12.8% |
| Sep 30, 2024 | $5.4B | +11.4% |
Revenue performance
Revenue for the quarter rose compared to the preceding quarter and also showed an increase relative to the same quarter one year ago.
Quarterly comparison
Revenue sequentially improved from the prior quarter and was also higher than the same quarter last year.
What to watch
The filing notes that a significant portion of operating income is earned in jurisdictions where it is deemed permanently reinvested, which may affect future cash flows.