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TRANE TECHNOLOGIES ™ Trane Technologies Reports Third - Quarter 2021 Results , Reaffirms 2021 Guidance Highlights ( third - quarter 2021 versus third - quarter 2020 , unless otherwise noted ) : • Reported bookings of $ 4.3 billion , up 22 percent ; organic bookings * up 20 percent Reported revenues of $ 3.7 billion , up 6 percent ; organic revenues * up 4 percent GAAP operating margin down 50 bps ; adjusted operating margin * down 60 bps GAAP continuing EPS of $ 1.73 ; adjusted continuing EPS * of $ 1.80 , up 5 percent ● ● * This news release contains non - GAAP financial measures . Definitions of the non - GAAP financial measures can be found in the footnotes of this news release . See attached tables for additional details and reconciliations . SWORDS , Ireland , Nov. 3 , 2021 - Trane Technologies plc ( NYSE : TT ) , a global climate innovator , today reported diluted earnings per share ( EPS ) from continuing operations of $ 1.73 for the third quarter of 2021. Adjusted continuing EPS was $ 1.80 , up 5 percent , which excludes $ 21.5 million related primarily to transformation and other restructuring costs . Third - Quarter 2021 Results Financial Comparisons - Third - Quarter Continuing Operations $ , millions except EPS Bookings Q3 2020 $ 3,490 $ 3,496 $ 567 16.2 % $ 598 $ 585 16.1 % 16.7 % $ 670 $ 655 18.0 % 18.7 % $ 1.73 $ 1.67 $ 1.80 $ 1.72 ( $ 21.5 ) ( $ 18.3 ) ** Primarily related to transformation and other restructuring costs . For details see table 2 of the news release . Net Revenues GAAP Operating Income GAAP Operating Margin Adjusted Operating Income * Adjusted Operating Margin * Adjusted EBITDA * Adjusted EBITDA Margin * GAAP Continuing EPS Adjusted Continuing EPS Restructuring and Transformation Costs ** Q3 2021 $ 4,254 $ 3,720 $ 583 15.7 % Y - O - Y Change 22 % 6 % 3 % ( 50 bps ) 2 % ( 60 bps ) 2 % ( 70 bps ) 4 % 5 % ( $ 3.2 ) Organic Y - O Y Change 20 % 4 % " Customer demand for our innovative , climate control products and services continues to grow . In the third quarter , our global team delivered another quarter of robust bookings growth and record backlog , reaffirming our outlook for 2021 and strengthening our view into 2022 , " said Dave Regnery , CEO of Trane Technologies . " I am proud of the work our team is doing to meet customer needs while managing significant headwinds from persistent material inflation and tight supply chain dynamics . " As we finish the year and head into 2022 with exceptional levels of backlog , our sustainability - focused strategy , powerful cash flow generation and balanced capital deployment position us well to drive continued strong financial performance and deliver differentiated returns for shareholders . " -more