Summary:
- Trane Technologies (TT, Financial) achieved $4.7 billion in revenue for Q1 2025, marking an 11% year-over-year increase.
- EPS from continuing operations rose to $2.71, while adjusted EPS increased by 26% to $2.45.
- The company reaffirmed its full-year guidance and aims to reach the high-end of its revenue and EPS targets.
Trane Technologies plc (TT) has reported strong financial results for the first quarter of 2025. Revenues reached $4.7 billion, reflecting an 11% increase from the same period last year. The company also noted a robust 4% rise in bookings to $5.3 billion with a book-to-bill ratio of 113%.
The company's GAAP earnings per share (EPS) from continuing operations saw a 41% year-on-year increase, reaching $2.71. Adjusted EPS also showed significant growth, rising 26% from Q1 2024 to $2.45. Trane Technologies reported an enterprise backlog of $7.3 billion, which denotes an approximately $500 million increase compared to the year-end of 2024.
Among its business segments, the Americas showed remarkable performance with a 14% rise in reported revenues amounting to $3.8 billion. The segment achieved a 19.4% operating margin, up from 16.3% the previous year. The EMEA region experienced a 4% increase in revenues to $573.5 million, while the Asia Pacific segment saw revenues decline by 4% to $314.3 million due to a decrease in bookings.
CEO Dave Regnery highlighted the company's strategic execution in a dynamic market environment, citing strong demand for innovative solutions and a solid financial position as key drivers for confident full-year projections. Trane Technologies anticipates full-year 2025 revenues to grow by 7.5% to 8.5%, with organic growth between 7% and 8%, and expects to perform towards the high-end of its guidance range.
