AI Earnings Predictions for Trane Technologies plc (TT)

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Trane Technologies Reports Strong Second Quarter Results;

Raises Full-Year Revenue and EPS Guidance

Highlights (second-quarter 2026 versus second-quarter 2025, unless otherwise noted):

lOrganic bookings* up 37 percent, led by Americas Commercial HVAC, up 50 percent

lBook-to-bill of 123 percent and greater than 100 percent in all segments

lRecord backlog of $12.1 billion, up 70 percent; Americas Commercial HVAC up 90 percent

lReported revenues of $6.4 billion, up 11 percent; organic revenues* up 9 percent

l GAAP continuing EPS of $4.20; adjusted continuing EPS* of $4.31, up 11 percent

*This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations.

SWORDS, Ireland, July 30, 2026 - Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $4.20 for the second quarter of 2026. Adjusted continuing EPS was $4.31, up 11 percent.

Second-Quarter 2026 Results

Financial Comparisons - Second-Quarter Continuing Operations

$, millions except EPSQ2 2026Q2 2025Y-O-Y ChangeOrganic Y-O-Y Change

Bookings$7,818$5,62639%37%

Net Revenues$6,354$5,74611%9%

GAAP Operating Income$1,224$1,1645%

GAAP Operating Margin19.3%20.3%(100) bps

Adjusted Operating Income*$1,253$1,1667%

Adjusted Operating Margin*19.7%20.3%(60) bps

Adjusted EBITDA*$1,340$1,2507%

Adjusted EBITDA Margin*21.1%21.8%(70) bps

GAAP Continuing EPS$4.20$3.879%

Adjusted Continuing EPS$4.31$3.8811%

Pre-Tax Non-GAAP Adjustments, net**$28.4$2.0$26.4

**For details see table 2 and 3 of the news release.

"We delivered another outstanding quarter, driven by strong execution of our strategy and the dedication of our global team," said Dave Regnery, Chair and CEO of Trane Technologies. "We continue to see heightened demand for our sustainable, energy-efficient solutions, resulting in strong organic revenue growth, exceptional bookings strength, and a record backlog of $12.1 billion. Our Americas Commercial HVAC business delivered a standout performance, with bookings growth of 50 percent and organic revenue growth in the low teens.

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With continued strength across commercial HVAC and improving residential and transport dynamics, we are carrying solid momentum into the second half of the year. Accordingly, we are raising our full-year revenue and EPS guidance and remain confident in our ability to deliver continued market outperformance and long-term shareholder value."

Highlights from the Second Quarter of 2026 (all comparisons against second-quarter 2025 unless otherwise noted)

•Record bookings of $7.8 billion, up 39 percent; organic bookings up 37 percent.

•Book-to-bill was 123 percent, led by Commercial HVAC across all regions.

•Enterprise reported revenues were up 11 percent; organic revenues were up 9 percent.

•GAAP operating margin was down 100 basis points, adjusted operating margin was down 60 basis points and adjusted EBITDA margin was down 70 basis points.

Second-Quarter Business Review (all comparisons against second-quarter 2025 unless otherwise noted)

Americas Segment: innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating, cooling and ventilation systems, building controls and solutions, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions.

$, millionsQ2 2026Q2 2025Y-O-Y ChangeOrganic Y-O-Y Change

Bookings$6,561.8$4,543.544%43%

Net Revenues$5,271.3$4,692.312%11%

GAAP Operating Income$1,149.2$1,052.59%

GAAP Operating Margin21.8%22.4%(60) bps

Adjusted Operating Income$1,165.1$1,052.811%

Adjusted Operating Margin22.1%22.4%(30) bps

Adjusted EBITDA$1,236.3$1,125.310%

Adjusted EBITDA Margin23.5%24.0%(50) bps

•All-time high bookings of $6.6 billion, up 44 percent; organic bookings up 43 percent. Book-to-bill of 124 percent.

•Bookings strength led by Commercial HVAC, up 50 percent, with applied equipment bookings up 130 percent.

•Reported revenues were up 12 percent, including approximately 1 percentage point related to acquisitions. Organic revenues were up 11 percent.

•GAAP operating margin was down 60 basis points, adjusted operating margin was down 30 basis points and adjusted EBITDA margin was down 50 basis points.

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Europe, Middle East and Africa (EMEA) Segment: innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating, cooling and ventilation systems and services, energy services and solutions, building controls, and transport refrigeration systems.

$, millionsQ2 2026Q2 2025Y-O-Y ChangeOrganic Y-O-Y Change

Bookings$753.0$704.77%4%

Net Revenues$697.6$707.9(1)%(4)%

GAAP Operating Income$82.2$122.7(33)%

GAAP Operating Margin11.

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Trane Technologies Reports Strong First Quarter Results;

Raises Full-Year Revenue and EPS Guidance

Highlights (first-quarter 2026 versus first-quarter 2025, unless otherwise noted):

lOrganic bookings* up 24 percent, led by Americas Commercial HVAC, up approximately 40 percent

l Record backlog of $10.7 billion, up over 30 percent versus year-end 2025; Americas Commercial HVAC up over 40 percent

lReported revenues of $5 billion, up 6 percent; organic revenues* up 3 percent

l GAAP continuing EPS of $2.66; adjusted continuing EPS* of $2.63, up 7 percent

*This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations.

SWORDS, Ireland, April 30, 2026 - Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $2.66 for the first quarter of 2026. Adjusted continuing EPS was $2.63, up 7 percent.

First-Quarter 2026 Results

Financial Comparisons - First-Quarter Continuing Operations

$, millions except EPSQ1 2026Q1 2025Y-O-Y ChangeOrganic Y-O-Y Change

Bookings$6,691$5,28327%24%

Net Revenues$4,969$4,6886%3%

GAAP Operating Income$776$819(5)%

GAAP Operating Margin15.6%17.5%(190) bps

Adjusted Operating Income*$795$7605%

Adjusted Operating Margin*16.0%16.2%(20) bps

Adjusted EBITDA*$881$8514%

Adjusted EBITDA Margin*17.7%18.1%(40) bps

GAAP Continuing EPS$2.66$2.71(2)%

Adjusted Continuing EPS$2.63$2.457%

Pre-Tax Non-GAAP Adjustments, net**$(4.0)$(59.2)$55.2

**For details see table 2 and 3 of the news release.

“We are off to a strong start in 2026, with exceptional demand for our sustainable products and services,” said Dave Regnery, Chair and CEO, Trane Technologies. “Enterprise bookings grew 24 percent, led by nearly 40 percent growth in our Americas Commercial HVAC business. We closed the quarter with a record $10.7 billion backlog, up more than 30 percent from year-end, giving us strong visibility for 2026 and beyond.

With this momentum, our talented global team and consistent execution of our strategy, we’re confident in raising our full-year revenue and EPS guidance and well‑positioned to continue delivering differentiated

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results. We are energized by the opportunities ahead to advance our purpose and create value for all stakeholders.”

Highlights from the First Quarter of 2026 (all comparisons against first-quarter 2025 unless otherwise noted)

•Record bookings of $6.7 billion, up 27 percent; organic bookings up 24 percent.

•Book-to-bill was 135 percent, led by global Commercial HVAC.

•Enterprise reported revenues were up 6 percent; organic revenues were up 3 percent.

•GAAP operating margin was down 190 basis points, adjusted operating margin was down 20 basis points and adjusted EBITDA margin was down 40 basis points.

First-Quarter Business Review (all comparisons against first-quarter 2025 unless otherwise noted)

Americas Segment: innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating, cooling and ventilation systems, building controls and solutions, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions.

$, millionsQ1 2026Q1 2025Y-O-Y ChangeOrganic Y-O-Y Change

Bookings$5,508.1$4,221.630%29%

Net Revenues$3,998.4$3,800.75%4%

GAAP Operating Income$711.8$737.8(4)%

GAAP Operating Margin17.8%19.4%(160) bps

Adjusted Operating Income$717.0$676.66%

Adjusted Operating Margin17.9%17.8%10 bps

Adjusted EBITDA$791.0$753.55%

Adjusted EBITDA Margin19.8%19.8%0 bps

•Strong bookings of $5.5 billion, up 30 percent; organic bookings up 29 percent.

•Bookings strength led by Americas Commercial HVAC, up approximately 40 percent, with applied equipment bookings up more than 160 percent.

•Reported revenues were up 5 percent; organic revenues were up 4 percent.

•GAAP operating margin was down 160 basis points, adjusted operating margin was up 10 basis points and adjusted EBITDA margin was flat.

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Europe, Middle East and Africa (EMEA) Segment: innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating, cooling and ventilation systems and services, energy services and solutions, building controls, and transport refrigeration systems.

$, millionsQ1 2026Q1 2025Y-O-Y ChangeOrganic Y-O-Y Change

Bookings$744.2$720.73%(9)%

Net Revenues$639.5$573.512%(1)%

GAAP Operating Income$76.9$83.4(8)%

GAAP Operating Margin12.0%14.5%(250) bps

Adjusted Operating Income$76.2$83.4(9)%

Adjusted Operating Margin11.9%14.5%(260) bps

Adjusted EBITDA$86.5$92.1(6)%

Adjusted EBITDA Margin13.5%16.1%(260) bps

•Bookings up 3 percent; organic bookings down 9 percent.

•Reported revenues were up 12 percent, including approximately

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) — January 29, 2026

TRANE TECHNOLOGIES PLC

(Exact name of registrant as specified in its charter)

Ireland001-3440098-0626632 (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

170/175 Lakeview Drive Airside Business Park Swords Co. Dublin Ireland (Address of principal executive offices, including zip code) +(353)(0)18707400 (Registrant’s phone number, including area code) N/A (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered Ordinary Shares, Par Value $1.00 per ShareTTNew York Stock Exchange 5.250% Senior Notes due 2033TT33New York Stock Exchange 5.100% Senior Notes due 2034 TT34New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2): Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02.Results of Operations and Financial Condition

On January 29, 2026, Trane Technologies plc issued a press release announcing its fourth quarter and full year 2025 results. The information in this Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference.

Item 9.01.Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.Description

99.1 Press Release of Trane Technologies plc dated January 29, 2026.

104Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TRANE TECHNOLOGIES PLC

(Registrant)

Date:January 29, 2026/s/ Christopher J. Kuehn

Christopher J. Kuehn, Executive Vice President and Chief Financial Officer