Latest news with #sustainable
Yahoo
38 minutes ago
- Business
- Yahoo
Trane Technologies Raises Full-Year Outlook After Record Bookings
Trane Technologies plc (NYSE:TT) raised its full-year guidance Tuesday after posting better-than-expected second-quarter earnings, bolstered by strong demand in its Americas Commercial HVAC segment and record bookings. Despite the upbeat earnings report, the company's shares experienced an 8% decline in morning trading. The climate solutions company reported adjusted earnings of $3.88 per share, an increase of 18% from a year earlier and above the Wall Street consensus of $3.79. Net revenue was $5.75 billion, up 8% year-over-year but just short of analysts' estimates of $5.76 billion. Bookings reached a record $5.63 billion, up 5% from the same quarter last year. This was fueled by more than 60% growth in applied solutions orders within the Americas Commercial HVAC unit. Total enterprise backlog ended the quarter at $7.1 billion, up 6% from the end of EBITDA rose 12% to $1.25 billion, with margins improving 70 basis points to 21.8%. Adjusted operating income rose 14% and margin expanded by 90 bps to 20.3%. 'Our performance continues to be led by Americas Commercial HVAC, with strong demand for our sustainable solutions across a broad base of highly complex projects,' said Chair and CEO Dave Regnery. 'We're confident in raising our full-year revenue and EPS guidance.' Americas revenue grew 9% to $4.69 billion, with bookings up 8%. The unit posted a 130-basis-point gain in adjusted operating margin, driven by robust demand and price realization. EMEA revenue climbed 10% to $707.9 million, but organic growth slowed to 3% and margins contracted 150 basis points due to inflation and reinvestments. Asia Pacific saw bookings fall 16% and revenue drop 7% amid continued volume weakness, with margins down across the board. View more earnings on TT Through the first half of 2025, Trane generated $1.04 billion in operating cash flow and $841 million in free cash flow. The company deployed or committed approximately $1.8 billion, including $1 billion in share repurchases, $420 million in dividends, and $275 million in M&A. Outlook Trane Technologies raised its full-year 2025 adjusted EPS guidance to approximately $13.05, up from the prior $12.70-$12.90 range and above the $12.93 consensus estimate. GAAP EPS guidance was also increased to $13.30, compared to the previous $12.95-$13.15 range and ahead of the $13.03 Street view. Full-year revenue is now expected to reach $21.62 billion, topping both the prior guidance range of $21.33-$21.52 billion and the consensus estimate of $21.53 billion. Trane expects ~9% reported revenue growth for fiscal year 2025, including ~8% organic growth and a 100 basis-point contribution from M&A. The company reaffirmed its commitment to margin discipline, projecting adjusted EPS growth of 16% year over year despite a ~15-cent EPS headwind from acquisitions and $140 million in expected tariff-related costs. Trane also anticipates 25%+ organic leverage and continued strategic investment in digital, automation, and innovation. For the third quarter, the company guided ~6% organic revenue growth and adjusted EPS of ~$3.80+, including a ~3-cent M&A-related impact versus $3.78 Street View. Price Action: TT shares were trading lower by 7.22% to $436.98 at last check Wednesday. Read Next:Image by CC Photo Labs via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Trane Technologies Raises Full-Year Outlook After Record Bookings originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
2 days ago
- Business
- CNN
In Paris, artisanal mattress makers revive a century-old alternative to mass-market beds
Le Briand is one of the last matelassiers, or artisanal mattress makers, in France. The brand says their mattresses can last a lifetime, offering a sustainable alternative to mass produced bedding, Saskya Vandoorne reports.
CNN
2 days ago
- Business
- CNN
In Paris, artisanal mattress makers revive a century-old alternative to mass-market beds
Le Briand is one of the last matelassiers, or artisanal mattress makers, in France. The brand says their mattresses can last a lifetime, offering a sustainable alternative to mass produced bedding, Saskya Vandoorne reports.
Zawya
2 days ago
- Business
- Zawya
Egypt: Raya Foods, Agriculture Ministry discuss cooperation to boost exports, support farmers
Arab Finance: Raya Foods, a portfolio company of Raya Holding for Financial Investments, held a meeting with Egypt's Ministry of Agriculture and Land Reclamation to explore potential collaboration to support the agricultural sector and improve conditions for farmers, as per an emailed press release. The meeting is part of Raya Foods' expansion plans aimed at promoting sustainable agricultural practices, increasing production, and improving export performance in line with Egypt's Vision 2030. Raya Foods presented its agricultural program 'RAP,' which helps meet the technical specifications required by international buyers while adhering to food safety standards. The program is designed to provide specifications tailored to different customer needs. The discussion also addressed the cultivation of crops with demand in global markets, such as jalapenos, and included plans to secure support from international financial institutions to expand production and exports. Raya Foods processes and exports a range of frozen fruits and vegetables. While serving the local market, it exports 99% of its products to destinations including the United States, Europe, Asia, and the Gulf Cooperation Council countries. Focused on meeting daily consumer needs and working with local farms, Raya Foods continues to expand its agricultural operations. These efforts aim to strengthen the competitiveness of Egyptian exports and reinforce Raya Holding's role in agricultural development. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
CNA
3 days ago
- Business
- CNA
Shaping Tomorrow - Engineering a cooler, greener Singapore
02:00 Min Daikin has been cooling Singapore for over 50 years and continues to support the nation's sustainable future. Chairman Mr Ching Khim Huat and MD Mr Chua Ban Hong share how the company continues on its mission to advance innovation, clean air solutions and green workforce development. Shaping Tomorrow About the show: SG60: Shaping Tomorrow is a compelling video series that brings to life the Singapore stories of our most cherished brands. Through their journeys, they reflect on their past, celebrate their present achievements and reaffirm their commitment to shaping the future of our Little Red Dot. Join us as each brand honours its legacy, embraces the now and builds a better tomorrow with Singapore.
