Trane reports Q3 adjusted EPS $3.88, consensus $3.78

Reports Q3 revenue $5.74B, consensus $5.78B. “In the third quarter, we delivered 15% adjusted EPS growth and achieved all-time-high quarterly bookings of $6 billion, up 13% organically, despite challenging residential markets,” said Dave Regnery, chair and CEO, Trane (TT) Technologies. “Our commercial HVAC business remains strong, and our project pipeline continues to expand as customers increasingly choose Trane Technologies for the most efficient and sustainable solutions. Our performance continues to be led by Americas commercial HVAC, with organic bookings up 30% — driven by more than 100% growth in applied solutions — and organic revenue up low-teens in the quarter. With our leading innovation, elevated backlog, and strong financial position, we are well-positioned to continue to deliver differentiated shareholder value over the long term.”