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Ingersollrand Plc (IR) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Trane Technologies Plc

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CIK: 1659323
-1-

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Ingersoll Rand Reports Strong Third-Quarter 2018 Results

Highlights (Third quarter 2018 versus third quarter 2017, unless otherwise noted):
l
Continuing EPS of $2.11, up 50 percent; adjusted continuing EPS* of $1.75, up 22 percent
 
 
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Reported and organic bookings* up 11 percent; sustained growth in Climate and Industrial
 
 
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Reported and organic revenues* up 10 percent; continued strength in Climate and Industrial
 
 
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Operating margin expansion of 80 bps; adjusted operating margin* higher by 100 bps
 
 
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Continuing EPS guidance is raised to between $5.70 - $5.75 and adjusted continuing EPS guidance is raised to between $5.55 - $5.60 for full year 2018
 
 
*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, October 24, 2018
- Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, today reported diluted earnings per share (EPS) from continuing operations of $2.11 for the third quarter of 2018. Adjusted continuing EPS of $1.75 excludes primarily non-cash tax reform measurement period adjustments and a discrete non-cash tax adjustment in the U.S. totaling $106 million and restructuring costs of $20 million primarily related to ongoing footprint optimization.

Third-Quarter 2018 Results

Financial Comparisons - Third-Quarter Continuing Operations
$, millions except EPS
Q3 2018
Q3 2017
Y-O-Y Change
Organic Y-O-Y Change
Bookings
$4,050
$3,646
11%
11%
Net Revenues
$4,031
$3,671
10%
10%
Operating Income
$587
$506
16%
 
Operating Margin
14.6%
13.8%
0.8 PPts
Adjusted Operating Income*
$607
$516
18%
Adjusted Operating Margin
15.1%
14.1%
1.0 PPts
Continuing EPS
$2.11
$1.41
50%
Adjusted Continuing EPS
$1.75
$1.44
22%
Restructuring Cost
($20.1)
($10.0)
($10.1)





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The following information was filed by Trane Technologies Plc on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Trane Technologies Plc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Inside Trane Technologies Plc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Condensed Consolidated Balance Sheets
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Basis Of Presentation
Business Segment Information
Business Segment Information (Summary Of Operations By Reportable Segments) (Details)
Business Segment Information (Tables)
Commitments And Contingencies
Commitments And Contingencies (Cost/Income Asbestos Related Claims After Recoveries) (Details)
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Product Warranty Liability) (Details)
Commitments And Contingencies (Schedule Of Asbestos-Related Balances) (Details)
Commitments And Contingencies (Tables)
Commitments And Contingencies Commitments And Contingencies (Extended Warranty Accrual) (Details)
Debt And Credit Facilities
Debt And Credit Facilities (Long-Term Debt Excluding Current Maturities) (Details)
Debt And Credit Facilities (Narrative) (Details)
Debt And Credit Facilities (Short-Term Borrowings And Current Maturities Of Long-Term Debt) (Details)
Debt And Credit Facilities (Tables)
Discontinued Operations
Discontinued Operations (Details)
Discontinued Operations (Tables)
Earnings Per Share (Eps)
Earnings Per Share (Eps) (Details)
Earnings Per Share (Eps) (Tables)
Equity
Equity (Components Of Shareholders' Equity) (Details)
Equity (Reconciliation Of Ordinary Shares) (Details)
Equity (Tables)
Equity Equity (Changes In Accumulated Other Comprehensive Income (Loss)) (Details)
Equity Equity (Narrative) (Details)
Equity Equity (Reclassification Adjustments Out Of Accumulated Other Comprehensive Income (Loss)) (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Financial Instruments
Financial Instruments (Narrative) (Details)
Financial Instruments (Tables)
Financial Instruments Schedule Of Derivatives Designated As Hedges Affecting Condensed Consolidated Income Statement And Accumulated Other Comprehensive Income (Details)
Financial Instruments Schedule Of Gains And Losses Of Derivative Financial Instruments Not Designated As Hedges (Details)
Financial Instruments Schedule Of The Fair Values Of Derivative Instruments (Details)
Goodwill
Goodwill (Details)
Goodwill (Tables)
Guarantor Financial Information
Guarantor Financial Information (Condensed Consolidating Balance Sheets) (Details)
Guarantor Financial Information (Condensed Consolidating Statements Of Cash Flows) (Details)
Guarantor Financial Information (Condensed Consolidating Statements Of Comprehensive Income) (Details)
Guarantor Financial Information (Tables)
Income Taxes
Income Taxes (Details)
Intangible Assets
Intangible Assets (Details)
Intangible Assets (Tables)
Inventories
Inventories (Schedule Of Major Classes Of Inventory) (Details)
Inventories (Tables)
Other, Net
Other, Net (Details)
Other, Net (Tables)
Pensions And Postretirement Benefits Other Than Pensions
Pensions And Postretirement Benefits Other Than Pensions (Components Of Net Periodic Postretirement Benefit Cost) (Details)
Pensions And Postretirement Benefits Other Than Pensions (Components Of The Company's Pension-Related Costs) (Details)
Pensions And Postretirement Benefits Other Than Pensions (Narrative) (Details)
Pensions And Postretirement Benefits Other Than Pensions (Tables)
Recent Accounting Pronouncements
Restructuring (Tables)
Restructuring And Related Activities (Tables)
Restructuring Costs (Details)
Restructuring Costs (Notes)
Restructuring Costs (Tables)
Revenue (Details)
Revenue (Notes)
Revenue (Tables)
Revenue - Contract Liability Balances To Be Recognized (Details)
Revenue - Desegregation Of Revenue (Details)
Revenue - Schedule Of Assets And Liabilities (Details)
Revenue - Schedule Of The Impact Of Adopting Asc 606 On The Company???S Balance Sheet (Details)
Revenue Schedule Of Impact Of Adopting Asc 606 On The Comprehensive Income (Details)
Share-Based Compensation
Share-Based Compensation (Grants Of Stock Options And Rsus) (Details)
Share-Based Compensation (Narrative) (Details)
Share-Based Compensation (Share-Based Compensation Expense) (Details)
Share-Based Compensation (Tables)
Share-Based Compensation Share-Based Compensation (Average Fair Value Of Stock Options Granted, Assumptions) (Details)

Material Contracts, Statements, Certifications & more

Trane Technologies Plc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32: Section 1350 Certification
CIK: 1466258
Form Type: 10-Q Quarterly Report
Accession Number: 0001466258-18-000221
Submitted to the SEC: Wed Oct 24 2018 3:43:03 PM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Auto Controls For Regulating Residential And Comml Environments

External Resources:
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