Benzinga | Jul 29, 2020 07:32AM EDT

Trane Technologies: Q2 Earnings Insights

Shares of Trane Technologies (NYSE:TT) were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 39.23% over the past year to $1.27, which beat the estimate of $0.74.

Revenue of $3,139,000,000 decreased by 30.68% year over year, which beat the estimate of $2,780,000,000.

Guidance

Trane Technologies hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 29, 2020

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.tranetechnologies.com%2Fnews-and-events%2Fevents%2Fdefault.aspx&eventid=2395610&sessionid=1&key=BC99EAFFCFCDD2C004A420904EE760C0&regTag=&sourcepage=register

Price Action

52-week high: $118.10

Company's 52-week low was at $70.00

Price action over last quarter: Up 35.30%

Company Description

Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $13 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue.