Trane reports record results
IRELAND: Trane Technologies has reported record bookings, revenue, operating margins and earnings per share, with sales reaching $16.8bn in 2021, up 29% on 2020.
The results follow Q4 2021 bookings of $4.1bn up 28% on 2020. The quarter also saw a record backlog of $5.4bn, up 88% year-over-year.
“We delivered another year of strong performance in 2021 through our unwavering focus on our purpose-driven strategy and despite unprecedented inflationary and supply chain challenges,” said Dave Regnery, chair and CEO of Trane Technologies.