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

Wednesday reported better-than-expected first-quarter results

and reaffirmed its annual profit forecast, benefiting from

rising demand for its heating, ventilation and air conditioning

systems.

Shares of the company rose over 7% in premarket trading.

Rising temperatures as a result of climate change has buoyed

sales for companies like Trane ( TT ), as homes and businesses crank up

their air conditioners.

The Ireland-based company posted an about 14% rise in its

Americas segment, its biggest revenue driver, aided by robust

demand from its commercial customers.

The company, which also owns transport refrigeration

company Thermo King, stuck with its previous adjusted profit per

share forecast of between $12.70 and $12.90 for 2025.

Trane ( TT ), however, raised its revenue growth expectation for

the year, now forecasting a rise of about 7.5% to 8.5%, above

its prior estimate of between 6.5% and 7.5%.

The company posted net revenues of $4.69 billion in the

first quarter, up 11% from a year ago, beating analysts'

expectations of about $4.46 billion, according to data compiled

by LSEG.

It posted an adjusted profit per share of $2.45 for the

quarter, also above analysts' estimate of $2.20.