Record Bookings and Revenue Growth
Trane Technologies achieved record bookings and revenues in Q2 2025, with a 90 basis point expansion in adjusted operating margins and an 18% growth in adjusted EPS.
Americas Commercial HVAC Performance
Americas Commercial HVAC organic bookings reached all-time highs, with increases of over 20%. Orders for Applied Solutions surged by over 60% in the quarter.
Robust Services Business Growth
The services business delivered low teens growth in the quarter, maintaining a low teens compound annual growth rate since 2020.
Strong Backlog and Project Pipeline
The backlog remains strong at $7.1 billion, up 6% compared to year-end 2024, with a commercial HVAC book-to-bill ratio exceeding 100% in all regions.
Increased Revenue and EPS Guidance
Trane Technologies raised its full year revenue guidance to approximately 8% organic growth and adjusted EPS to approximately $13.05, up 16% year-over-year.