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

Wednesday beat Wall Street estimates for fourth-quarter revenue

and profit, helped by rising demand for heating and

air-conditioning for commercial buildings.

Shares of the company were up 2.5% in premarket trade.

Last year was the hottest on record, prompting homes and

businesses to crank up their air conditioners. Scientists have

linked climate change to greenhouse gas emissions, mainly from

burning fossil fuels.

Trane ( TT ) also saw increased demand for heating and cooling

systems due to the rapid growth of data centers driven by the AI

boom.

The Ireland-based company, which owns transport

refrigeration company Thermo King, saw a 12% rise in quarterly

net revenue in its Americas segment and a 5% rise in its EMEA

segment on the back of strong commercial demand for heating,

ventilation and air conditioning.

The company posted a 10% rise in total quarterly net

revenue to $4.87 billion, compared with analysts' estimates of

$4.79 billion, according to data compiled by LSEG.

On an adjusted basis, Trane Technologies ( TT ) earned $2.61 per

share for the fourth quarter ended Dec. 31, compared with

estimates of $2.54 per share.

Trane ( TT ) now expects revenue to grow between 6.5% and 7.5% in

2025. The company forecasts annual adjusted profit between $12.7

per share and $12.9 per share, compared with analysts'

expectation of $12.66 per share.