Trane Technologies Q4 adj. EPS $2.86 (+10%); organic bookings +22%, backlog record $7.8B

Trane Technologies plc

2025-FY EPS reported $12.98 revenue$21,321,900,000

Q4 GAAP continuing EPS $2.74; adjusted EPS $2.86 (+10% YoY); revenue $5.1B (+6% reported, +4% organic).
Organic bookings up 22% (Americas Commercial HVAC >35%); record backlog $7.8B (+15% vs year-end 2024).
FY2025: revenue $21.3B (+7% reported); adjusted EPS $13.06 (+16%); adj. EBITDA margin 20.1% (+70 bps).
Free cash flow conversion 98%; GAAP operating margin up 100 bps for full year.

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