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Trane raises annual profit forecast on commercial HVAC demand
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Trane raises annual profit forecast on commercial HVAC demand
Apr 30, 2026 4:48 AM

April 30 (Reuters) - Trane Technologies ( TT ) raised

its full-year profit and revenue forecast on Thursday after

reporting better-than-expected quarterly results, as rapidly

growing AI-focused data centers boosted demand for its

commercial heating and air-conditioning systems.

Rising temperatures, driven by climate change, have boosted

sales for companies such as Trane ( TT ), as households and businesses

increasingly rely on air conditioning.

* For the full year, Trane ( TT ) now expects adjusted earnings per

share between $14.75 and $14.95, compared with its earlier

forecast of $14.65 to $14.85.

* The company now expects full-year 2026 reported revenue

growth of about 9.5%, above its prior estimate of between 8.5%

and9.5%.

* Trane ( TT ), which owns transport refrigeration company Thermo

King, saw an over 5% rise in quarterly net revenue in its

Americas segment and an 11.5% increase in its EMEA business.

* Trane's ( TT ) first-quarter bookings grew 24%, led by nearly 40%

growth in its Americas commercial HVAC business.

* Trane's ( TT ) adjusted profit rose to $2.63 per share in the

quarter ended March 31, above estimates of $2.53 per share,

according to data compiled by LSEG.

* The Ireland-based company's revenue rose 6% to $4.97

billion, from $4.69 billion a year ago. Analysts on average had

expected revenue of $4.82 billion.

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