Trane Technologies PLC
NYSE:TT
Income Statement
Earnings Waterfall
Trane Technologies PLC
Revenue
|
17.7B
USD
|
Cost of Revenue
|
-11.8B
USD
|
Gross Profit
|
5.9B
USD
|
Operating Expenses
|
-3B
USD
|
Operating Income
|
2.9B
USD
|
Other Expenses
|
-870.1m
USD
|
Net Income
|
2B
USD
|
Income Statement
Trane Technologies PLC
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
12 351
N/A
|
12 434
+1%
|
12 579
+1%
|
12 750
+1%
|
12 891
+1%
|
13 056
+1%
|
13 114
+0%
|
13 215
+1%
|
13 301
+1%
|
13 307
+0%
|
13 395
+1%
|
13 476
+1%
|
13 509
+0%
|
13 615
+1%
|
13 836
+2%
|
13 938
+1%
|
14 198
+2%
|
14 582
+3%
|
15 031
+3%
|
15 391
+2%
|
12 344
-20%
|
11 763
-5%
|
11 023
-6%
|
10 463
-5%
|
13 076
+25%
|
12 914
-1%
|
12 435
-4%
|
12 459
+0%
|
12 455
0%
|
12 831
+3%
|
13 522
+5%
|
13 746
+2%
|
14 136
+3%
|
14 474
+2%
|
14 835
+2%
|
15 487
+4%
|
15 992
+3%
|
16 302
+2%
|
16 816
+3%
|
17 327
+3%
|
17 678
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(8 710)
|
(8 763)
|
(8 826)
|
(8 933)
|
(8 980)
|
(9 114)
|
(9 169)
|
(9 221)
|
(9 265)
|
(9 230)
|
(9 240)
|
(9 268)
|
(9 298)
|
(9 351)
|
(9 498)
|
(9 573)
|
(9 765)
|
(10 051)
|
(10 359)
|
(10 590)
|
(8 557)
|
(8 169)
|
(7 662)
|
(7 301)
|
(9 048)
|
(8 951)
|
(8 651)
|
(8 655)
|
(8 627)
|
(8 801)
|
(9 207)
|
(9 364)
|
(9 659)
|
(9 963)
|
(10 272)
|
(10 697)
|
(11 027)
|
(11 183)
|
(11 436)
|
(11 722)
|
(11 820)
|
|
Gross Profit |
3 641
N/A
|
3 672
+1%
|
3 753
+2%
|
3 817
+2%
|
3 911
+2%
|
3 942
+1%
|
3 945
+0%
|
3 994
+1%
|
4 036
+1%
|
4 077
+1%
|
4 155
+2%
|
4 208
+1%
|
4 211
+0%
|
4 264
+1%
|
4 338
+2%
|
4 365
+1%
|
4 433
+2%
|
4 530
+2%
|
4 671
+3%
|
4 801
+3%
|
3 787
-21%
|
3 594
-5%
|
3 361
-6%
|
3 162
-6%
|
4 028
+27%
|
3 963
-2%
|
3 784
-5%
|
3 804
+1%
|
3 828
+1%
|
4 030
+5%
|
4 315
+7%
|
4 382
+2%
|
4 477
+2%
|
4 511
+1%
|
4 563
+1%
|
4 791
+5%
|
4 965
+4%
|
5 119
+3%
|
5 380
+5%
|
5 606
+4%
|
5 857
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 453)
|
(2 532)
|
(2 537)
|
(2 495)
|
(2 494)
|
(2 522)
|
(2 535)
|
(2 549)
|
(2 510)
|
(2 523)
|
(2 534)
|
(2 543)
|
(2 572)
|
(2 611)
|
(2 641)
|
(2 671)
|
(2 705)
|
(2 763)
|
(2 820)
|
(2 859)
|
(2 231)
|
(2 084)
|
(1 918)
|
(1 773)
|
(2 305)
|
(2 303)
|
(2 243)
|
(2 241)
|
(2 219)
|
(2 238)
|
(2 331)
|
(2 382)
|
(2 427)
|
(2 453)
|
(2 445)
|
(2 517)
|
(2 546)
|
(2 632)
|
(2 718)
|
(2 819)
|
(2 963)
|
|
Selling, General & Administrative |
(2 456)
|
(2 474)
|
(2 479)
|
(2 488)
|
(2 494)
|
(2 511)
|
(2 532)
|
(2 547)
|
(2 510)
|
(2 523)
|
(2 534)
|
(2 543)
|
(2 572)
|
(2 611)
|
(2 641)
|
(2 671)
|
(2 706)
|
(2 764)
|
(2 820)
|
(2 859)
|
(2 231)
|
(2 084)
|
(1 918)
|
(1 773)
|
(2 305)
|
(2 303)
|
(2 243)
|
(2 241)
|
(2 219)
|
(2 238)
|
(2 331)
|
(2 382)
|
(2 427)
|
(2 436)
|
(2 430)
|
(2 509)
|
(2 546)
|
(2 632)
|
(2 718)
|
(2 819)
|
(2 963)
|
|
Other Operating Expenses |
3
|
(58)
|
(58)
|
(7)
|
0
|
(11)
|
(3)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
(15)
|
(7)
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
1 187
N/A
|
1 140
-4%
|
1 216
+7%
|
1 321
+9%
|
1 418
+7%
|
1 421
+0%
|
1 410
-1%
|
1 445
+3%
|
1 526
+6%
|
1 554
+2%
|
1 621
+4%
|
1 664
+3%
|
1 639
-2%
|
1 653
+1%
|
1 697
+3%
|
1 694
0%
|
1 727
+2%
|
1 767
+2%
|
1 851
+5%
|
1 942
+5%
|
1 556
-20%
|
1 510
-3%
|
1 443
-4%
|
1 389
-4%
|
1 723
+24%
|
1 660
-4%
|
1 541
-7%
|
1 563
+1%
|
1 609
+3%
|
1 792
+11%
|
1 984
+11%
|
2 000
+1%
|
2 050
+3%
|
2 058
+0%
|
2 118
+3%
|
2 274
+7%
|
2 419
+6%
|
2 488
+3%
|
2 662
+7%
|
2 787
+5%
|
2 894
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(284)
|
(279)
|
(256)
|
(226)
|
(230)
|
(231)
|
(255)
|
(256)
|
(223)
|
(206)
|
192
|
194
|
142
|
137
|
(238)
|
(218)
|
(157)
|
(195)
|
(232)
|
(252)
|
(221)
|
(247)
|
(231)
|
(241)
|
(252)
|
(255)
|
(253)
|
(247)
|
(268)
|
(251)
|
(251)
|
(247)
|
(240)
|
(235)
|
(233)
|
(232)
|
(232)
|
(234)
|
(234)
|
(235)
|
(239)
|
|
Non-Reccuring Items |
(82)
|
0
|
0
|
(45)
|
(13)
|
0
|
0
|
0
|
(34)
|
(8)
|
(14)
|
(21)
|
(52)
|
(76)
|
(77)
|
(79)
|
(62)
|
(73)
|
(75)
|
(85)
|
(44)
|
(5)
|
(11)
|
(8)
|
(53)
|
(72)
|
(96)
|
(88)
|
(76)
|
(60)
|
(24)
|
(24)
|
(27)
|
0
|
0
|
0
|
0
|
0
|
(52)
|
(52)
|
(52)
|
|
Total Other Income |
8
|
14
|
10
|
35
|
35
|
4
|
38
|
39
|
(21)
|
(11)
|
(37)
|
(56)
|
12
|
14
|
(15)
|
(36)
|
(90)
|
(71)
|
(22)
|
3
|
(33)
|
1
|
(24)
|
(27)
|
(20)
|
2
|
1
|
(2)
|
24
|
(11)
|
(8)
|
(10)
|
8
|
14
|
13
|
3
|
(15)
|
(23)
|
(33)
|
(25)
|
(35)
|
|
Pre-Tax Income |
830
N/A
|
875
+5%
|
971
+11%
|
1 085
+12%
|
1 209
+11%
|
1 194
-1%
|
1 193
0%
|
1 228
+3%
|
1 248
+2%
|
1 329
+6%
|
1 762
+33%
|
1 781
+1%
|
1 741
-2%
|
1 727
-1%
|
1 367
-21%
|
1 361
0%
|
1 418
+4%
|
1 428
+1%
|
1 523
+7%
|
1 608
+6%
|
1 258
-22%
|
1 259
+0%
|
1 177
-7%
|
1 114
-5%
|
1 399
+26%
|
1 335
-5%
|
1 193
-11%
|
1 226
+3%
|
1 288
+5%
|
1 470
+14%
|
1 700
+16%
|
1 719
+1%
|
1 791
+4%
|
1 837
+3%
|
1 898
+3%
|
2 044
+8%
|
2 172
+6%
|
2 230
+3%
|
2 344
+5%
|
2 475
+6%
|
2 567
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(189)
|
(209)
|
(264)
|
(303)
|
(294)
|
(296)
|
(524)
|
(543)
|
(541)
|
(556)
|
(317)
|
(286)
|
(282)
|
(268)
|
(314)
|
(307)
|
(101)
|
(106)
|
(95)
|
(18)
|
(235)
|
(222)
|
(186)
|
(268)
|
(239)
|
(269)
|
(261)
|
(270)
|
(297)
|
(294)
|
(334)
|
(340)
|
(334)
|
(346)
|
(360)
|
(368)
|
(376)
|
(388)
|
(421)
|
(474)
|
(498)
|
|
Income from Continuing Operations |
641
|
666
|
706
|
782
|
916
|
898
|
670
|
685
|
707
|
773
|
1 445
|
1 495
|
1 460
|
1 459
|
1 053
|
1 054
|
1 317
|
1 323
|
1 427
|
1 590
|
1 023
|
1 037
|
991
|
846
|
1 160
|
1 066
|
932
|
955
|
991
|
1 176
|
1 366
|
1 378
|
1 457
|
1 491
|
1 538
|
1 676
|
1 796
|
1 842
|
1 923
|
2 001
|
2 069
|
|
Income to Minority Interest |
(21)
|
(19)
|
(16)
|
(6)
|
(19)
|
(18)
|
(18)
|
(18)
|
(18)
|
(17)
|
(18)
|
(18)
|
(17)
|
(17)
|
(16)
|
(17)
|
(10)
|
(9)
|
(10)
|
(10)
|
(15)
|
(15)
|
(14)
|
(13)
|
(15)
|
(15)
|
(14)
|
(15)
|
(14)
|
(14)
|
(15)
|
(14)
|
(13)
|
(14)
|
(15)
|
(17)
|
(18)
|
(19)
|
(18)
|
(19)
|
(18)
|
|
Net Income (Common) |
619
N/A
|
610
-1%
|
599
-2%
|
724
+21%
|
932
+29%
|
904
-3%
|
677
-25%
|
687
+1%
|
665
-3%
|
766
+15%
|
1 434
+87%
|
1 511
+5%
|
1 476
-2%
|
1 441
-2%
|
1 052
-27%
|
1 042
-1%
|
1 303
+25%
|
1 306
+0%
|
1 395
+7%
|
1 544
+11%
|
1 338
-13%
|
1 417
+6%
|
1 425
+1%
|
1 369
-4%
|
1 411
+3%
|
1 182
-16%
|
965
-18%
|
906
-6%
|
855
-6%
|
1 119
+31%
|
1 345
+20%
|
1 350
+0%
|
1 423
+5%
|
1 448
+2%
|
1 493
+3%
|
1 635
+10%
|
1 757
+7%
|
1 803
+3%
|
1 880
+4%
|
1 959
+4%
|
2 024
+3%
|
|
EPS (Diluted) |
2.1
N/A
|
2.16
+3%
|
2.23
+3%
|
2.66
+19%
|
3.4
+28%
|
3.36
-1%
|
2.51
-25%
|
2.55
+2%
|
2.48
-3%
|
2.93
+18%
|
5.48
+87%
|
5.77
+5%
|
5.63
-2%
|
5.5
-2%
|
4.05
-26%
|
4.05
N/A
|
5.06
+25%
|
5.16
+2%
|
5.57
+8%
|
6.18
+11%
|
5.35
-13%
|
5.77
+8%
|
5.81
+1%
|
5.59
-4%
|
5.78
+3%
|
4.93
-15%
|
3.98
-19%
|
3.71
-7%
|
3.51
-5%
|
4.6
+31%
|
5.52
+20%
|
5.58
+1%
|
5.88
+5%
|
6.12
+4%
|
6.33
+3%
|
6.98
+10%
|
7.47
+7%
|
7.81
+5%
|
8.16
+4%
|
8.49
+4%
|
8.77
+3%
|