Latest news with #Commercial
Yahoo
2 days 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
News24
2 days ago
- Business
- News24
Three more people arrested in R300m West Coast shareholder fraud case
Three more people have appeared in the Vredenburg Magistrate's Court in connection with a R300 million shareholder fraud case, bringing the total number of accused to 10. Hawks spokesperson Warrant Officer Zinzi Hani said the unit's Serious Commercial Crime Investigation team in Bellville arrested Benjamin Burger Lubbe, 85, Nicolaas Jacobus Latsky, 77, and Petrus Van Eeden Marais, 64, for fraud, contravention of the Financial Markets Act and contravention of the Companies Act. They appeared in the Vredenburg Magistrate's Court on Tuesday and were released on R10 000 bail each. They will join their seven co-accused, who were arrested in May. The seven are Jacobus Francois Pienaar, 69, Andries Johannes Frederick Eigelaar, 75, Carel Johannes Hendrik Mienie, 56, Carel Johannes Daniel Eigelaar, 70, Meiring Tarrant, 55, Minette Louw, 44, and Albert Johannes Marais, 68. Among them are three lawyers, two auditors, directors and senior officials of associated accused companies. The seven are out on bail of R10 000 each. The case dates back to 2006, when the accused - majority shareholders - allegedly defrauded minority shareholders by manipulating share prices, causing a loss of an estimated R300 million, Hani said. All ten accused will appear in court again on 21 November.
Yahoo
24-07-2025
- Business
- Yahoo
Weekly Crude Inventories Fall More Than Expected; Oil Prices Edge Higher
Commercial crude stockpiles in the US decreased more than projected last week as motor gasoline, pro Sign in to access your portfolio
India.com
21-07-2025
- Politics
- India.com
Jagdeep Dhankhar: A politician, lawyer who braved all odds to become Vice President of India
New Delhi: Vice President Jagdeep Dhankhar resigned on Monday, July 21, 2025. Jagdeep Dhankhar served as the vice president of India from 2022 to 2025. Jagdeep Dhankhar as politician He has been affiliated with multiple political parties in India, including the Bharatiya Janata Party (BJP), the Indian National Congress (INC), and the Janata Dal (JD). He previously served as the Governor of West Bengal from 2019 to 2022. He also served as a Union Minister of State for Parliamentary Affairs in the Chandra Shekhar ministry from 1990 to 1991, and served as a member of Lok Sabha from 1989 to 1991. Between 1993 and 1998, he was a Member of Rajasthan's Legislative Assembly. His personal life Jagdeep Dhankhar was born to Gokal Chand and Kesari Devi on 18 May, 1951 at Village Kithana, Jhunjhunu District, Rajasthan. He married Dr. Sudesh Dhankhar in 1979. The couple has a daughter, Kamna. Had his early education from Class 1 to 5 in village Kithana, at the Government Primary School. He passed from Chittorgarh, Sainik School, after taking the Indian School Certificate Examination recognized by the Cambridge University. He graduated in (Honors) Physics from Maharaja's College, Jaipur. Jagdeep Dhankhar as advocate He did LLB during 1978-1979 from the University of Rajasthan and was enrolled with the Bar Council of Rajasthan as an Advocate with effect from 10.11.1979. He was designated as senior advocate by the High Court of Judicature for Rajasthan with effect from 27.3.1990. Since 1990 Jagdeep Dhankhar had been practicing primarily in the Supreme Court and his focus area of litigation have been in the field of Steel, Coal, Mining and International Commercial Arbitration, amongst others. He has appeared in various High Courts in the country and was the senior-most designated Senior Advocate of the State till assuming the Office of the Governor on 30 July, 2019. How he became the vice president? The BJP nominated Dhankhar as the National Democratic Alliance's candidate on 16 July 2022, for Vice President of India for the 2022 election in August. He contested against the United Opposition's candidate, Margaret Alva. The elections were conducted on 6 August 2022 and, on the same evening, the votes were counted. Dhankhar emerged victorious by securing 528 votes out of 710 valid votes over opposition candidate Margaret Alva's 182. Dhankar assumed the office on 11 August 2022 succeeding Venkaiah Naidu.
The Hindu
13-07-2025
- The Hindu
Seamless service and zero incidents: Solapur Railway Division's remarkable handling of Ashadhi Fair pilgrims
The Solapur Division of Central Railway played a pivotal role in facilitating the pilgrimage of lakhs of Warkari devotees during the Ashadhi Fair 2025 at Pandharpur in Maharashtra, ensuring their travel was safe, seamless, and filled with compassion. As per the information provided by the railway officials, more than two lakh passengers passed through Pandharpur Railway Station alone between July 1 and July 10. In response to the surge, the division successfully operated 239 trains — 121 special and 118 regular — on a single-line section, an exceptional feat of coordination. On the main day of Ekadashi (July 6), 22 trains were run, followed by 18 trains the next day to disperse the massive crowd. Meticulous planning and logistical arrangements Thanks to meticulous planning and teamwork, the entire operation concluded with zero injuries or casualties, marking a significant achievement in crowd management. This success was made possible not only through logistical arrangements but also through the dedication and selfless service of railway staff, security forces, and civil defence volunteers, who guided elderly passengers, provided medical aid, and ensured order at every step. To make ticketing effortless, the existing infrastructure was scaled up with nine additional Unreserved Ticketing Systems (UTS), Automatic Ticket Vending Machines (ATVMs) and Mobile UTS Terminals (electronic devices or tablets carried by ticketing staff). Three holding zones covering 2,680 square metres, equipped with drinking water and toilet facilities, were set up to accommodate pilgrims during peak rush hours. Over 50 passenger guidance boards and special timetables were installed across the city and station to direct devotees to key locations, aided by 24/7 help desks manned by Commercial and RPF staff. Electrical supply was ensured through two standby diesel generator sets of 125 KV each. Indicator boards, including five-line and single-line displays, were placed across platforms and waiting areas. Security was strengthened with increased deployment of personnel and the installation of CCTV cameras and megaphones, with a control room set up at the CCTV hub to oversee safety. Health and emergency arrangements were comprehensive, with a dedicated team of 13 medical personnel, including three doctors on constant duty, supported by ambulance services and volunteers. Cleanliness and hygiene were maintained with 150 mobile toilets, 60 permanent toilets, 20 bathrooms, and continuous sanitation work. Drinking water was made available through 91 taps, with free packaged water and juice distributed by the State for the benefit of the devotees. Commitment to public service 'To handle the massive turnout efficiently, commercial staff were deployed for ticket issuance and checking, while commercial supervisors managed crowd control in shifts. Officers from various departments, including operating, commercial, electrical, signal and telecommunications, engineering, security, and medical, worked in close coordination. The Ashadhi Fair 2025 showcased the Solapur Division's unwavering commitment to public service,' Divisional Railway Manager (DRM) Sujeet Mishra, who supervised operations from Kurduvadi station, said. At Pandharpur station, on-ground supervision was led by Senior Divisional Commercial Manager (Sr DCM) Yogesh Patil, Divisional Security Commissioner (DSC) RPF Aditya, Assistant Security Commissioner (ASC) RPF Shri Rajeev Kanuajia, and Assistant Operating Manager (AOM) Shri Lakhanji Jha. Their efforts, supported by a committed team, ensured end-to-end operational readiness.
