If you're looking for high-powered growth stocks, you're first instinct is probably to look in the tech sector. That makes sense.
Trane Technologies (TT 0.06%) is quietly having a fantastic year. Shares of the heating and cooling solutions company have gained 55% this year at recent prices, crushing the S&P 500 's 23% rally.
TT stock is benefiting from the company's consecutive better-than-expected bottom-line performance and shareholder-friendly moves.
Trane Technologies (TT) reported earnings 30 days ago. What's next for the stock?
Does Trane Technologies (TT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Trane Technologies (TT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
TT consistently rewards its shareholders through dividend payments and share repurchases.
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Trane's Q3 shows strong business growth in North America, alongside some weakness in China. During the quarter, the Company experienced a significant revenue decline in China, with a 50% drop in bookings and a 45% decrease in revenue. The strong growth during the quarter was led by TT's North America business. More specifically, its residential HVAC business in North America grew by 20% year-over-year.
Trane Technologies plc (NYSE:TT ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Zac Nagle - Vice President, Investor Relations Dave Regnery - Chair & Chief Executive Officer Chris Kuehn - Executive Vice President & Chief Financial Officer Conference Call Participants Scott Davis - Melius Research Chris Snyder - Morgan Stanley Julian Mitchell - Barclays Andy Kaplowitz - Citi Joe Ritchie - Goldman Sachs Nigel Coe - Wolfe Research Sahil Manocha - RBC Capital Markets Andrew Obin - Bank of America Tommy Moll - Stephens Noah Kaye - Oppenheimer Operator Good morning. Welcome to the Trane Technologies Q3 2024 Earnings Conference Call.
TT's third-quarter 2024 earnings and revenues improve year over year.
While the top- and bottom-line numbers for Trane Technologies (TT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.