Quarterly ResultApr 30, 2026, 06:22 AM
TT Q1 Adj EPS $2.63 (+7%), Revenue $5B (+6%); Raises FY Guidance
AI Summary
Trane Technologies plc reported strong first-quarter 2026 results, with adjusted continuing EPS of $2.63, a 7% increase, and reported revenues of $5 billion, up 6%. The company achieved record organic bookings growth of 24%, leading to a record backlog of $10.7 billion, up over 30% from year-end 2025. Based on this momentum, Trane Technologies raised its full-year 2026 revenue guidance to approximately 9.5% reported growth and adjusted EPS guidance to $14.75-$14.95.
Key Highlights
- Raised FY26 reported revenue growth guidance to ~9.5% and organic to ~7%.
- Raised FY26 GAAP and adjusted continuing EPS guidance to $14.75-$14.95.
- Q1 2026 adjusted continuing EPS was $2.63, up 7% YoY.
- Q1 2026 reported revenues were $5 billion, up 6% YoY (organic up 3%).
- Record backlog reached $10.7 billion, up over 30% vs. year-end 2025.
- Organic bookings increased 24%, led by Americas Commercial HVAC up ~40%.
- Q1 2026 cash flow from continuing operating activities was $636 million.
- Americas segment organic bookings up 29%, revenues up 4%.