Trane Technologies plc (TT)

Trane Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	18,227	17,678	15,992	14,136	12,455	13,076
Revenue Growth (YoY)	11.81%	10.54%	13.12%	13.50%	-4.75%	5.93%
Cost of Revenue	12,054	11,820	11,027	9,667	8,651	9,086
Gross Profit	6,174	5,857	4,965	4,470	3,803	3,990
Selling, General & Admin	3,103	2,963	2,546	2,446	2,271	2,320
Other Operating Expenses	92.2	92.2	23.3	-1.1	-4.1	28.4
Operating Expenses	3,195	3,055	2,569	2,445	2,267	2,349
Operating Income	2,979	2,802	2,396	2,024	1,537	1,642
Interest Expense / Income	235	234.5	223.5	233.7	248.7	242.8
Other Expense / Income	59.9	45	39.7	33.8	136.5	-250.6
Pretax Income	2,684	2,522	2,132	1,757	1,152	1,650
Income Tax	530.8	498.4	375.9	333.5	296.8	238.6
Net Income	2,153	2,024	1,757	1,423	854.9	1,411
Net Income Growth	19.39%	15.22%	23.40%	66.50%	-39.41%	5.48%
Shares Outstanding (Basic)	227	228	230	238	240	240
Shares Change	-0.83%	-1.19%	-3.04%	-1.08%	0.22%	-2.47%
EPS (Basic)	9.44	8.85	7.55	5.96	3.56	5.84
EPS (Diluted)	9.36	8.77	7.48	5.87	3.52	5.77
EPS Growth	21.24%	17.25%	27.43%	66.76%	-38.99%	7.85%
Free Cash Flow	2,330	2,098	1,222	1,380	1,289	1,716
Free Cash Flow Per Share	10.25	9.22	5.31	5.81	5.37	7.16
Dividend Per Share	3.090	3.000	2.680	2.360	2.120	2.120
Dividend Growth	11.96%	11.94%	13.56%	11.32%	0%	8.16%
Gross Margin	33.87%	33.13%	31.05%	31.62%	30.54%	30.52%
Operating Margin	16.34%	15.85%	14.98%	14.32%	12.34%	12.56%
Profit Margin	11.81%	11.45%	10.98%	10.07%	6.86%	10.79%
Free Cash Flow Margin	12.78%	11.87%	7.64%	9.76%	10.35%	13.13%
Effective Tax Rate	19.78%	19.76%	17.63%	18.98%	25.77%	14.46%
EBITDA	3,279	3,105	2,680	2,290	1,695	2,181
EBITDA Margin	17.99%	17.56%	16.76%	16.20%	13.61%	16.68%
Depreciation & Amortization	359.8	348.1	323.6	299.4	294.3	288.8
EBIT	2,919	2,757	2,356	1,991	1,400	1,892
EBIT Margin	16.01%	15.59%	14.73%	14.08%	11.24%	14.47%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).