Trane reports Q1 adjusted cont ops EPS $2.45, consensus $2.20

Reports Q1 revenue $4.69B, consensus $4.46B. “In the first quarter, our global team delivered outstanding performance through our purpose-driven strategy, extending our consistent track record of results,” said Dave Regnery, chair and CEO of Trane (TT) Technologies. “With strong execution through our proven business operating system, we continue to navigate a dynamic macro environment. Demand for our innovative solutions remains robust, with customers selecting Trane Technologies as their partner of choice. Our strong order growth in the first quarter included another all-time high in bookings for our Americas commercial HVAC business, further elevating our backlog. With our leading innovation, elevated backlog and strong financial position, we are confident in our full-year guidance and expect to perform towards the high-end of the range. We are well positioned to deliver differentiated shareholder value over the long term.”