TT Trane Technologies (TT) Q4 FY24 earnings call
Trane Technologies delivered robust Q4 FY24 results, marked by strong organic revenue growth and significant adjusted EPS expansion, driven by Commercial HVAC strength and effective capital deployment. The company enters 2025 with an elevated backlog and broad-based demand, though residential and transport markets face near-term headwinds. Management remains optimistic about long-term growth, leveraging innovation and strategic investments.
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TT operating KPIs by quarter
| KPI | This call Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Backlog | $6.75BThis contributed to a highly elevated backlog of $6.75 billion entering 2025.Source: earnings call transcript | — | $7.8BWe delivered strong fourth quarter performance, highlighted by exceptional enterprise organic bookings up 22%, driving record backlog of $7.8 billion.Source: earnings call transcript | $10.7BQ1 was another strong quarter, marked by exceptional enterprise organic bookings, up 24% and a record backlog of $10.7 billion, up over 30% versus year-end 2025.Source: earnings call transcript | $12.1BEnterprise organic bookings were up 37%, driving record backlog of $12.1 billion, up 70% year-over-year.Source: earnings call transcript | +13.1% |
| Manufacturing plants United States | 20+We have over 20 plants in the United States.Source: earnings call transcript | ~20We have about 20 plants in the United States.Source: earnings call transcript | — | 21+So look, we have -- as Chris said, we have over 21 plants now in the United States, for real shortly like that, and we are very, very competitive, as you could see with our results.Source: earnings call transcript | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.