Trane CEO: Our order rates have been off the charts

In an interview on CNBC’s Mad Money, Dave Regnery said backlog at the end of Q1 was $10.7B, up about 30% year over year. The company’s service business has been growing very quickly, he added. The data center vertical is “very strong for us,” he noted, with continued demand in the Americas. The data center pipeline is “more robust than I’ve ever seen it,” he said.