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.

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Trane Technologies plc, consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net revenues 3,665,800 4,073,900 4,371,900 4,190,400 3,355,500 3,569,300 3,719,800 3,829,700 3,017,600 3,179,100 3,495,500 3,138,800 2,641,300 4,150,900 4,344,300 4,527,800 3,575,900 3,895,100 4,030,900 4,357,700 3,384,500
Cost of goods sold (2,522,300) (2,854,300) (2,939,100) (2,867,000) (2,366,500) (2,527,800) (2,515,600) (2,559,000) (2,064,400) (2,231,200) (2,360,800) (2,160,500) (1,898,800) (2,904,300) (2,935,800) (3,094,100) (2,517,300) (2,745,000) (2,718,300) (2,964,100) (2,420,200)
Gross profit 1,143,500 1,219,600 1,432,800 1,323,400 989,000 1,041,500 1,204,200 1,270,700 953,200 947,900 1,134,700 978,300 742,500 1,246,600 1,408,500 1,433,700 1,058,600 1,150,100 1,312,600 1,393,600 964,300
Selling and administrative expenses (686,700) (639,000) (693,300) (612,800) (600,800) (605,800) (620,800) (619,700) (600,000) (559,900) (567,800) (554,800) (588,100) (821,200) (785,300) (783,200) (740,100) (703,400) (725,600) (753,300) (720,900)
Operating income 456,800 580,600 739,500 710,600 388,200 435,700 583,400 651,000 353,200 388,000 566,900 423,500 154,400 425,400 623,200 650,500 318,500 446,700 587,000 640,300 243,400
Interest expense (57,600) (55,800) (55,800) (55,900) (56,000) (56,000) (57,700) (59,300) (60,700) (61,900) (62,400) (61,300) (63,100) (63,300) (64,100) (64,700) (50,900) (49,000) (48,500) (50,300) (72,900)
Other income (expense), net (9,400) (2,300) (18,700) (1,600) (700) 14,900 (6,900) 300 (7,200) (3,500) (4,500) (400) 12,500 (10,400) (7,200) 3,400 (18,800) (20,400) (8,500) (3,500) (4,000)
Earnings before income taxes 389,800 522,500 665,000 653,100 331,500 394,600 518,800 592,000 285,300 322,600 500,000 361,800 103,800 351,700 551,900 589,200 248,800 377,300 530,000 586,500 166,500
(Provision) benefit for income taxes (73,200) (73,500) (104,700) (136,600) (61,100) (65,500) (96,800) (122,800) (48,400) (72,400) (89,900) (83,500) (51,000) (74,500) (112,900) (123,300) (43,000) (121,400) 1,100 (128,000) (33,000)
Earnings from continuing operations 316,600 449,000 560,300 516,500 270,400 329,100 422,000 469,200 236,900 250,200 410,100 278,300 52,800 277,200 439,000 465,900 205,800 255,900 531,100 458,500 133,500
Discontinued operations, net of tax (5,500) (5,000) (7,900) (1,600) (7,000) (8,000) (13,300) (200) 900 (1,000) (5,500) (36,200) (78,700) 23,900 24,400 (5,600) (2,100) 5,500 (11,700) (5,900) (9,400)
Net earnings (loss) 311,100 444,000 552,400 514,900 263,400 321,100 408,700 469,000 237,800 249,200 404,600 242,100 (25,900) 301,100 463,400 460,300 203,700 261,400 519,400 452,600 124,100
Net earnings attributable to noncontrolling interests (4,000) (4,900) (4,500) (5,600) (3,200) (3,300) (3,000) (4,300) (2,600) (4,500) (4,000) (3,300) (3,300) (5,000) (4,600) (4,200) (3,800) (7,400) (4,300) (4,500) (3,700)
Net earnings (loss) attributable to Trane Technologies plc 307,100 439,100 547,900 509,300 260,200 317,800 405,700 464,700 235,200 244,700 400,600 238,800 (29,200) 296,100 458,800 456,100 199,900 254,000 515,100 448,100 120,400

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Net revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Trane Technologies plc net revenues decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Trane Technologies plc operating income decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
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 decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Net earnings (loss) 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 (loss) attributable to Trane Technologies plc decreased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.