Trane Technologies reported a robust Q3 2025, showcasing record bookings and strong growth in its Commercial HVAC segment, offsetting challenges in the residential market.

• Achieved record quarterly bookings of $6 billion, representing 13% organic growth year-over-year.
• Commercial HVAC bookings surged 30% in the Americas, with applied solutions bookings more than doubling.
• Adjusted EPS grew by 15%, driven by robust performance and margin expansion of 170 basis points.
• Strong free cash flow generation and a $7.2 billion backlog position the company well for future growth.
• Residential segment underperformed with a 30% drop in bookings, consistent with prior guidance.