Trane Technologies Analysts Boost Their Forecasts Following Strong Earnings
1. TT's Q1 net revenue grew 11% to $4.69 billion, exceeding expectations. 2. Bookings also increased by 4% year-over-year, reflecting strong demand. 3. Adjusted EPS of $2.45 surpassed consensus of $2.20, showcasing earnings strength. 4. FY25 sales guidance raised to $21.33-$21.52 billion, above previous estimates. 5. Stock price rose 2.8% post-earnings announcement, indicating positive investor sentiment.