Trane Technologies raised its annual revenue outlook October 29 after reporting third-quarter sales of approximately $6.8 billion, up 18% from a year earlier.
Organic revenue, which adjusts for acquisitions and currency changes, increased 16%. Organic bookings grew 20%, and the company reported a $12.5 billion backlog, up 73%.
Diluted earnings per share from continuing operations were $4.79. Adjusted continuing earnings were $4.86 per share, with both measures up approximately 25%. Adjustments exclude specified acquisition and restructuring-related items.
The Americas business recorded 21% revenue growth to approximately $5.65 billion and a reported operating margin of 21.9%, compared with 21.5% a year earlier.
Performance differed elsewhere. Revenue rose approximately 1% in Europe, the Middle East and Africa, but reported operating margin fell to 17.2% from 19.6%. Asia-Pacific revenue grew 8%, while operating margin declined to 18.6% from 22.5%.
Trane now expects approximately 13.5% reported annual revenue growth and 11% organic growth. It retained adjusted continuing earnings guidance of $15.20–$15.30 per share. Those full-year amounts remain management forecasts.
Sources: Trane Technologies — October 29 Results: https://investors.tranetechnologies.com/news-and-events/news-releases/news-release-details/2026/Trane-Technologies-Reports-Strong-Third-Quarter-Results-Raises-Full-Year-Revenue-Guidance-Reaffirms-Full-Year-EPS-Guidance/default.aspx