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Trane Technologies raises annual profit forecast on resilient demand
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Trane Technologies raises annual profit forecast on resilient demand
Jul 30, 2025 4:47 AM

July 30 (Reuters) - Trane Technologies ( TT ) raised

its full-year profit forecast on Wednesday, after topping

second-quarter earnings estimates on the back of strong demand

for its heating and air-conditioning systems as well as higher

pricing.

The Ireland-based company's Americas segment - its

largest revenue generator - saw robust industrial and commercial

demand, helping its quarterly sales to rise 9% to $4.69 billion

from a year ago.

The firm, which owns transport refrigeration company Thermo

King, in April flagged an annual cost impact estimate of $250

million to $275 million from tariffs. However, Trane ( TT ) had said it

would aim to soften the blow with price hikes.

The company expects its 2025 adjusted profit to be about

$13.05 per share, compared with its prior view of $12.70 to

$12.90 per share.

Trane Technologies ( TT ) posted a second-quarter profit of $3.88

per share on an adjusted basis, beating analysts' average

estimate of $3.79 per share, according to data compiled by LSEG.

Its quarterly revenue rose about 8% to $5.75 billion,

falling marginally short of the $5.78 billion expected by

analysts.

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