How has Trane Technology's tax burden changed in recent quarters?
3/30/2025 02:15pm
Trane Technology's tax burden has fluctuated over the past year, with a general upward trend. The company's income tax expense was $205.8 million for the quarter ending Q2 2024, $181.1 million for Q3 2024, $135.2 million for Q4 2024, and $105.5 million for Q1 2025. This indicates that the company's tax burden has decreased from the previous quarter's $205.8 million to the current quarter's $105.5 million, which may be due to factors such as changes in the company's operations, investments, or tax planning strategies.