Discontinued — last reported Q2 '23
Equipment — Net revenues
Trane Technologies Equipment — Net revenues increased by 32.2% to $3.26B in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 14.1%, from $2.86B to $3.26B. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong market demand for new installations and capital investment by customers, while a decrease may indicate a cyclical slowdown or competitive pressure in the equipment market.
Detailed definition
This metric represents the total net revenue generated from the sale of new HVAC systems, climate control units, and tra...
Peer comparison
Peers in the industrial and HVAC manufacturing sectors typically report this as 'Equipment Sales' or 'Product Revenue,' which is often compared against service revenue to assess the balance between one-time sales and recurring revenue streams.
tt_segment_equipment_net_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $2.61B | $2.42B | $2.42B | $2.29B | $2.86B | $2.95B | $2.47B | $3.26B |
| QoQ Change | — | -7.2% | +0.2% | -5.6% | +25.0% | +3.2% | -16.4% | +32.2% |
| YoY Change | — | — | — | — | +9.6% | +21.9% | +7.8% | +14.1% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Trane Technologies's equipment — net revenues?
- Trane Technologies (TT) reported equipment — net revenues of $3.26B in Q2 2023.
- How has Trane Technologies's equipment — net revenues changed year-over-year?
- Trane Technologies's equipment — net revenues increased by 14.1% year-over-year, from $2.86B to $3.26B.
- What does equipment — net revenues mean?
- The total revenue earned from selling new climate control and refrigeration equipment.