TT Trane Technologies (TT) Q1 FY26 earnings call
Trane Technologies delivered a strong Q1 FY26, marked by exceptional organic bookings and a record backlog, providing robust visibility for accelerated revenue growth in the second half. The company raised its full-year revenue and EPS guidance, driven by strong performance in Americas Commercial HVAC and strategic investments in data center solutions, while actively managing regional headwinds and inflationary pressures.
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TT operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Backlog | $6.75BThis contributed to a highly elevated backlog of $6.75 billion entering 2025.Source: earnings call transcript | — | $7.8BWe delivered strong fourth quarter performance, highlighted by exceptional enterprise organic bookings up 22%, driving record backlog of $7.8 billion.Source: earnings call transcript | $10.7BQ1 was another strong quarter, marked by exceptional enterprise organic bookings, up 24% and a record backlog of $10.7 billion, up over 30% versus year-end 2025.Source: earnings call transcript | $12.1BEnterprise organic bookings were up 37%, driving record backlog of $12.1 billion, up 70% year-over-year.Source: earnings call transcript | +13.1% |
| Manufacturing plants United States | 20+We have over 20 plants in the United States.Source: earnings call transcript | ~20We have about 20 plants in the United States.Source: earnings call transcript | — | 21+So look, we have -- as Chris said, we have over 21 plants now in the United States, for real shortly like that, and we are very, very competitive, as you could see with our results.Source: earnings call transcript | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.