July 31 (Reuters) - Trane Technologies ( TT ) on

Wednesday raised its full-year profit and revenue forecasts,

anticipating strong demand for heating and air-conditioning

systems from commercial buildings.

Shares of the company were up 3.8% in premarket trade.

The company now expects 2024 adjusted profit of $10.80 per

share, above its previous forecast of between $10.40 and $10.50

per share.

It expects 2024 revenue growth of about 10%, above its

previous expectations of a growth between 8% and 9%.

The company, which operates brands such as Thermo King and

Frigoblock, benefited from increased demand for cooling systems

as homes and businesses cranked up their air conditioners to

escape extreme heat.

Deadly heatwaves across the Northern hemisphere and rising

levels of air pollution have aided demand for air conditioners

and air purifiers.

On an adjusted basis, Trane Technologies ( TT ) earned $3.30 per

share for the second quarter ended June 30, compared with

analysts' estimates of $3.08 per share, according to LSEG data.

Revenue rose 13% to $5.31 billion, above estimates of $5.13

billion.