Stock Analysis on Net
Stock Analysis on Net

Trane Technologies plc (NYSE:TT)

This company has been moved to the archive! The financial data has not been updated since May 3, 2023.

Common-Size Income Statement

Trane Technologies plc, common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Products 68.35 67.19 67.22 0.00 0.00
Services 31.65 32.81 32.78 0.00 0.00
Net revenues (legacy) 0.00 0.00 0.00 100.00 100.00
Net revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -49.62 -48.41 -49.35 0.00 0.00
Cost of services sold -19.33 -19.97 -20.11 0.00 0.00
Cost of goods sold (lagacy) 0.00 0.00 0.00 -68.99 -69.23
Cost of goods sold -68.95% -68.38% -69.46% -68.99% -69.23%
Gross profit 31.05% 31.62% 30.54% 31.01% 30.77%
Selling and administrative expenses -15.92 -17.30 -18.23 -18.86 -18.53
Operating income 15.13% 14.31% 12.31% 12.16% 12.24%
Interest expense -1.40 -1.65 -2.00 -1.46 -1.41
Interest income 0.06 0.03 0.04 0.02 0.04
Foreign currency exchange loss -0.11 -0.08 -0.08 -0.07 -0.11
Other components of net periodic benefit cost -0.07 -0.01 -0.12 -0.24 -0.14
Other activity, net -0.03 0.07 0.20 0.09 -0.02
Other income (expense), net -0.15% 0.01% 0.03% -0.20% -0.23%
Earnings before income taxes 13.58% 12.67% 10.34% 10.49% 10.60%
Provision for income taxes -2.35 -2.36 -2.38 -2.13 -1.80
Earnings from continuing operations 11.23% 10.31% 7.96% 8.36% 8.80%
Discontinued operations, net of tax -0.13 -0.15 -0.97 0.24 -0.14
Net earnings 11.10% 10.16% 6.99% 8.61% 8.66%
Net earnings attributable to noncontrolling interests -0.11 -0.09 -0.12 -0.11 -0.13
Net earnings attributable to Trane Technologies plc 10.98% 10.07% 6.86% 8.50% 8.54%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Trane Technologies plc operating income as a percentage of net revenues increased from 2020 to 2021 and from 2021 to 2022.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Trane Technologies plc earnings before income taxes as a percentage of net revenues increased from 2020 to 2021 and from 2021 to 2022.
Net earnings attributable to Trane Technologies plc The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Trane Technologies plc net earnings attributable to Trane Technologies plc as a percentage of net revenues increased from 2020 to 2021 and from 2021 to 2022.