08:32 AM EDT, 04/30/2024 (MT Newswires) -- Trane Technologies ( TT ) reported Q1 adjusted continuing earnings Tuesday of $1.94 per diluted share, up from $1.41 per share a year earlier.

Analysts polled by Capital IQ expected $1.65.

Net revenue for the quarter ended March 31 was $4.22 billion, up from $3.67 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.99 billion.

The company said it now expects 2024 adjusted EPS of $10.40 to $10.50. That compares with its prior range of $10 to $10.30. Analysts polled by Capital IQ expect $10.44.

Revenue growth for the current year is now projected to be between 8% and 9%, the company said. That compares with 7% to 8% previously.

Shares of Trane Technologies ( TT ) were up 7.7% in recent Tuesday premarket activity.

Price: 321.74, Change: +20.88, Percent Change: +6.94