Trane Technologies plc

Trane Technologies Q2 FY26 — Record Backlog and Raised Full-Year Guidance

• Strength Enterprise organic bookings increased 37%, driving a record backlog of $12.1 billion.
• Watch EMEA margins were impacted by the Middle East conflict, with revenues in the region down about 30% in Q2.

Trane Technologies Q1 FY26 — Record Backlog and Raised Full-Year Guidance

• Strength Enterprise organic bookings increased by 24% in Q1 FY26.
• Watch Geopolitical events in the Middle East are expected to cause a ~$50 million revenue headwind and an estimated $0.05 EPS impact in Q2 FY26.

Trane Technologies Q4 FY25 — Record Bookings and Strong 2026 Outlook

• Strength Enterprise organic bookings increased 22% in Q4 FY25, driving a record backlog of $7.8 billion.
• Watch Softness in residential and transport refrigeration markets impacted Q4 FY25 results.

Trane Technologies Q3 FY25 — Record Bookings and Strong Commercial HVAC Performance

• Strength Record quarterly bookings of $6 billion, representing 13% organic growth year-over-year.
• Watch Residential bookings declined approximately 30% and revenues declined approximately 20%, consistent with prior updates.

Trane Technologies Q1 FY25 — Record Commercial HVAC Orders and Strong EPS Growth

• Strength Global organic revenue growth of 11%.
• Watch China market challenging with bookings and revenues down low 30s and high 20s respectively.

Trane Technologies Q4 FY24 — Strong Organic Growth and Elevated Backlog

• Strength Achieved 10% organic revenue growth in Q4 FY24.
• Watch Americas transport refrigeration markets are expected to bottom in Q1 2025, down about 25% year-over-year.