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.