The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: This is Pat on for Steve. Had a -- my first one is on the commercial HVAC business. Can you break down your organic growth expectations
for this year between what you expect for services versus equipment and then within that equipment piece, unitary versus global
pod, if possible?
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: Okay. I had to try. And then on the first quarter and first half versus second half dynamics, I may have missed this, but did you say if
any particular end market drives the slow start in volume growth? And in resi specifically, do you think there's going to be much
difference between first half versus second half growth dynamics?
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JANUARY 31, 2022 / 3:00PM, TT.N - Q4 2021 Trane Technologies PLC Earnings Call
Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst
: Got you. And so that supply chain impacts resi and commercial and transport kind of equally is what you're kind of saying.
Question: Emily Shu - BofA Securities, Research Division - Analyst
: This is Emily Shu on for Andrew Obin. So I had a question on IAQ. You had previously guided to IAQ being 1 to 2 points of additional
revenue growth tailwind per year. Does that still stick? And where do you expect that to land in 2022? And have you seen any
momentum in demand for IAQ products given the omicron surge?
Question: Emily Shu - BofA Securities, Research Division - Analyst
: Awesome. And then what kind of visibility do you have on the already passed federal stimulus for K-12 education? For example, are
there any projects you can sort of trace back to stimulus funding? Or do you have a sense of the scope of how much stimulus has
been spent on HVAC since the bill was passed?
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