April 30 (Reuters) - Heating, ventilation and air

conditioning firm Trane Technologies ( TT ) raised its annual

profit forecast on Tuesday, as it cashes in on resilient demand

for heating and air-conditioning systems from commercial

buildings.

Extreme weather events, global warming and rising levels of

air pollution have led to an increase in demand for air

conditioners and air purifiers.

Trane ( TT ) now expects 2024 adjusted continuing profit per share

in the range of $10.40 to $10.50, compared with its previous

forecast of $10.00 to $10.30.

The company, which operates brands such as Thermo King and

Frigoblock, benefited from an increased demand for

environment-friendly heating, cooling and ventilation systems

for commercial buildings and refrigeration systems used in

trucks.

Trane ( TT ) earned an adjusted continuing profit of $1.94 per

share for the first quarter ended March 31, compared with

estimates of $1.64 per share, according to LSEG data.

Net revenues rose 15% to $4.21 billion, compared with Wall

Street expectations of $3.99 billion.