Trane reports Q1 adjusted EPS $1.94, consensus $1.64

Reports Q1 revenue $4.2B, consensus $4B. “Our strong Q1 performance demonstrates the power of our purpose-driven sustainability strategy, uplifting culture and highly engaged team,” said CEO Dave Regnery. “We continue to deliver a leading growth profile among industrials through relentless investment in our business, our proven business operating system, and focused execution in high growth verticals that play to our unique strengths. In Q1, we achieved double-digit revenue growth, an increase of 38% in adjusted earnings per share, and exceptional bookings that drove backlog to $7.7B. Our performance gives us confidence in raising our full-year guidance for organic revenue and adjusted EPS growth and positions us well to continue delivering leading growth and differentiated shareholder returns over the long term.”