Filing Flows › Trane Technologies (TT) › Q1 2025
Trane Technologies (TT) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Trane Technologies (TT) reported revenue of $4.7B for the first quarter 2025 (Q1 2025), +11% from a year earlier and -4% from the quarter before. Operating margin was 17.5%, net earnings $605M (12.9% of revenue).
Trane Technologies, Q1 2025: revenue $4.7B (+11% year over year), operating margin 17.5%, net earnings $605M, operating cash flow $340M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | -4% | +11% |
| Operating profit | $819M | +1% | +29% |
| Net earnings | $605M | +0.1% | +39% |
| Operating cash flow | $340M | -62% | +37% |
| Free cash flow | $221M | -72% | +35% |
What changed
Revenue was $4.7B in Q1 2025, up 11% year over year and down 4% from the previous quarter.
Operating profit was $0.82B, a 17.5% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, above the 15% margin then. Total costs grew 8% against revenue growth of 11%. Net earnings were $0.60B, up 39% year over year. The effective tax rate was 18.1%.
Operating cash flow was $0.34B (up 37% year over year), 56% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.39B. Capital expenditures of $0.12B left free cash flow of $0.22B.
Questions
What was Trane Technologies' revenue in the first quarter 2025?
Trane Technologies (TT) reported revenue of $4.7B for the first quarter 2025 (Q1 2025), +11% from a year earlier and -4% from the quarter before.
Was Trane Technologies profitable in the first quarter 2025?
Operating profit was $819M (17.5% of revenue) and net earnings $605M.
Source: Trane Technologies 10-Q on SEC EDGAR.