Trane Technologies Plc (TT)
NYSE:TT
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4.27Last Year’s EPS
3.88Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and demand picture: robust bookings (+24%), record backlog ($10.7B), commercial HVAC and applied solutions significantly outperforming, and raised FY guidance for revenue and adjusted EPS. These positives are tempered by regional headwinds (China, Middle East), tariff/inflation pressures, and a weak transport market with near‑term timing volatility. Overall, the company appears well positioned with strong cash generation, active M&A and buyback capacity, and confidence in acceleration into the second half of the year.Company Guidance
Enterprise Bookings and Backlog Surge
Enterprise organic bookings up 24% in Q1; record backlog of $10.7 billion (noted as >30% vs year-end 2025) with management also citing backlog up nearly 70% year-over-year; Q1 book-to-bill approximately 150%, providing strong revenue visibility.
Revenue and Adjusted EPS Growth; Upgraded Guidance
Enterprise organic revenue growth of 3% in Q1 led by services; adjusted EPS grew 7% in the quarter. Company raised 2026 guidance: organic revenue growth to ~7% (up from prior 6%–7% range), reported revenue guidance to ~9.5%, and adjusted EPS guidance to $14.75–$14.95 (~13%–15% growth). CFO expects Q2 adjusted EPS of $4.20–$4.25.
Commercial HVAC and Applied Solutions Outperformance
Americas Commercial HVAC bookings ~+40% year-over-year and revenues up high single digits; Applied Solutions bookings up >160% (third consecutive quarter of >100% applied bookings growth). Combined Americas and EMEA backlog rose roughly $2.7 billion vs year-end 2025 (includes ~ $1 billion from Stellar).
Services Momentum and Durable Growth
Services (≈1/3 of enterprise revenue) grew double digits in Q1 and have delivered a low‑teens compound annual growth rate since 2020, providing stable recurring revenue and supporting enterprise organic leverage in the high teens.
Strategic Acquisitions and Data Center Expansion (Stellar & LiquidStack)
Acquisition of Stellar Energy added modular data-center cooling capability and ~ $1 billion to backlog; management expects ~ $500 million in revenue from Stellar in 2026 (base was ~$350M at acquisition) and is investing to scale it toward a multi‑hundred‑million to $1B business over 2–3 years. LiquidStack acquisition expanded CDUs and advanced technology exposure.
Strong Capital Allocation and Shareholder Returns
Planned deployment of $2.8B–$3.3B in 2026 including ~ $900M dividends (annualized dividend up 12% to $4.20/share). Year-to-date: ~$340M committed to M&A/strategic investments and ~$300M in share repurchases with ~$4.4B remaining authorization, maintaining a balanced allocation approach.
Operational Discipline and Margin Resilience
Operating margins in Americas and Asia improved by ~10 basis points and ~90 basis points, respectively; management cites business operating system driving high-teens enterprise organic leverage and effective conversion of growth into adjusted EPS (+7%). CapEx guidance raised to ~2%–3% of revenue to support growth.
TT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $479.37 | $492.54 | +2.75% |
Jan 29, 2026 | $393.25 | $425.04 | +8.08% |
Oct 31, 2025 | $444.26 | $446.53 | +0.51% |
Jul 30, 2025 | $467.69 | $428.43 | -8.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trane Technologies Plc (TT) report earnings?
Trane Technologies Plc (TT) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Trane Technologies Plc (TT) earnings time?
Trane Technologies Plc (TT) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TT EPS forecast?
TT EPS forecast for the fiscal quarter 2026 (Q2) is 4.27.