Q1 2026 Trane Technologies PLC Earnings Call Transcript
Key Points
- Trane Technologies PLC (TT) reported exceptional enterprise organic bookings, up 24%, and a record backlog of $10.7 billion, up over 30% versus year-end 2025.
- The company delivered organic revenue growth of 3%, led by the Americas Commercial HVAC business and double-digit global services growth.
- Adjusted EPS growth was 7%, demonstrating effective operational excellence.
- The acquisition of Stellar Energy added approximately $1 billion to the backlog, enhancing their position in modular data center cooling solutions.
- Trane Technologies PLC (TT) raised its full-year revenue and EPS guidance, reflecting strong market dynamics and operational excellence.
- EMEA margins were impacted by expected first-year acquisition and integration-related costs and lower revenues than forecast in the Middle East.
- The residential segment saw a decline in revenues by mid-single digits, despite bookings being up low single digits.
- The company anticipates continued headwinds in the Middle East, with an estimated $50 million revenue impact in Q2.
- China remains a challenging market with dynamic macro conditions, contributing to a flattish outlook for the Asia Pacific region in 2026.
- The transport market is expected to see a mid-single-digit decline for the full year 2026, with Q2 anticipated to be down roughly mid-teens.
Good morning. Welcome to the Trane Technologies Q1 2026 earnings conference call. My name is Lisa, and I will be your operator for the call. The call will begin in a few moments with the speaker remarks and the Q&A session. (Operator Instructions) I will now turn the call over to Zac Nagle, Vice President of Investor Relations.
Please go ahead, sir.
Thanks, operator. Good morning, and thank you for joining us for Trane Technologies First Quarter 2026 Earnings Conference Call. This call is being webcast on our website at tranetechnologies.com where you'll find the accompanying presentation. We are also recording and archiving this call on our website.
Please note that statements made today are forward-looking and may differ materially from actual results as detailed in our SEC filings. This presentation also includes non-GAAP measures explained in our news release and presentation appendix. Joining me today are Dave Regnery, Chair and CEO and Chris Kuehn, Executive
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
