Trane Tech Q1: organic bookings +24%, record $10.7B backlog; raises FY guidance

Trane Technologies plc

2026-Q1 EPS reported $2.62 revenue$4,969,400,000

Organic bookings up 24% YoY; Americas Commercial HVAC bookings up ~40%.
Record backlog of $10.7B, up >30% vs year-end 2025; Americas Commercial HVAC up >40%.
Reported revenue $5B (+6%); organic revenue +3%; GAAP EPS $2.66; adjusted EPS $2.63 (+7%).
Full-year revenue and EPS guidance raised to reflect strong demand and backlog.
Management cites strong execution and demand environment across commercial and residential.

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