Trane Technologies Analysts Boost Their Forecasts Following Strong Earnings

Trane Technologies plc TT reported upbeat results for the first quarter on Wednesday.The company reported first-quarter net revenue growth of 11% year-over-year to $4.69 billion, surpassing the consensus of$ 4.46 billion.Bookings increased 4% Y/Y to $5.28 billion in the quarter. Enterprise reported an 11% Y/Y increase in both revenues and organic revenues. Adjusted EPS of$ 2.45 (+26% Y/Y) surpassed the street view of $2.20.Trane Technologies has reaffirmed its FY25 adjusted EPS guidance range of$ 12.70-$12. ...