2021 Guidance Update
2021 GUIDANCE UPDATE
Leveraging Value Creation Framework to Outgrow
Improving Markets to Deliver Top-Quartile EPS Growth
Organic
Revenues
Adj. EPS
w/ M&A & FX
Unchanged FY Guidance
+ ~11%
(Up 12.5% w/M&A)
(Up-13.5% w/ M&A & FX)
~$6.05*
($5.95 Organic)
•
•
•
Commentary
FY21 outlook unchanged
Q4 revs supported by record
backlog
Modest shift in timing of revs
between Q3 and Q4 / 2022
(~$150M in revs shifted from Q3;
Expect -$50M to ~$75M to ship in
Q4, balance in 2022)
Cont'd strong pricing offsetting
inflation
Operating
Leverage
Organic 30%+
Free Cash
Flow
= /> Adj. Net
Earnings
See slide 38 for detailed guidance for modeling purposes
Note: Information as of November 3, 2021. NOT AN UPDATE OR REAFFIRMATION
*
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Includes certain Non-GAAP financial measures. See the company's Q3 2021 earnings release for additional details and reconciliations.
TRANE
TECHNOLOGIES
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