Trane raises 2026 organic revenue growth outlook to ~11% while reaffirming $15.20-$15.30 EPS (NYSE:TT)

Trane Technologies reported Q3 2026 earnings, highlighting 20% organic bookings growth and a record $12.5B backlog. Full-year revenue growth guidance was raised to 11%, while adjusted EPS guidance was reaffirmed at $15.20-$15.30. Management cited supply chain disruptions and geopolitical factors as challenges, but expressed confidence in returning to 25%+ leverage in 2027.

Trane (TT) reported Q3 2026 earnings with adjusted EPS growth of 23% (25% including a $0.10 tax benefit). Free cash flow reached $2.8B YTD, with full-year guidance raised to over 100% of net earnings. Revenue growth was 16%, driven by strong performance in Americas, EMEA, and Asia Pacific. Full-year organic revenue growth outlook increased to 11%, with EPS guidance reaffirmed at $15.20-$15.30.

Trane Technologies (TT) stock fell 4.8% to $426.79 after Q3 2026 earnings beat estimates but showed margin contraction. Adjusted EPS was $4.86, revenue $6.76B, but guidance fell below consensus. CEO sold shares pre-announcement. Broader market decline added pressure.

Trane Technologies reported 3Q 2026 revenue of $6.76B, up 17.7% YoY, with net income rising 23.9% to $1.05B. EPS increased 25.4% to $4.74. Growth was driven by higher volumes, pricing, and acquisitions, with strong demand in Commercial HVAC and Residential sectors in the Americas.

Trane Technologies (TT) reported Q3 2026 revenue of $6.76B, up 16% YoY, with bookings up 20%. EPS rose 25% to $4.86, beating estimates. Margins compressed due to inflation and supply chain issues. Shares fell 5.5% despite strong growth. Full-year revenue guidance raised to 11% growth, but EPS guidance unchanged.

Trane Technologies (TT) shares dropped 11% to a 7-month low despite beating Q3 earnings and revenue estimates and raising its full-year sales forecast. According to the company, margins narrowed.