Trane Technologies(US:TT) Businesswire·2026-01-29 11:30Core Insights - Trane Technologies reported strong financial results for Q4 and full-year 2025, with significant growth in earnings per share and revenues, alongside a record backlog [1][2][3] Financial Performance - Q4 2025 GAAP continuing EPS was $2.74, with adjusted continuing EPS at $2.86, reflecting a 10% increase year-over-year [1] - Full-year 2025 GAAP continuing EPS reached $13.14, while adjusted continuing EPS was $13.06, marking a 16% increase compared to 2024 [2] - Total revenues for Q4 2025 were $5.1 billion, up 6% from Q4 2024, with organic revenues increasing by 4% [1][2] - For the full year, reported revenues were $21.3 billion, a 7% increase, with organic revenues up 6% [2][3] Bookings and Backlog - The company achieved a record backlog of $7.8 billion, up 15% from year-end 2024, with significant contributions from the Americas Commercial HVAC segment, which saw a 25% increase [1][2] - Organic bookings for Q4 2025 were up 22%, driven by a 35% increase in the Americas Commercial HVAC segment [1][2] Segment Performance - In the Americas segment, bookings increased by 27% year-over-year, with net revenues up 6% [2][3] - The EMEA segment reported a 12% increase in revenues, with bookings up 19% [2][3] - The Asia Pacific segment experienced a 5% decline in revenues, but bookings were up 2% [2][3] Cash Flow and Balance Sheet - The company reported strong free cash flow conversion of 98% for the year, with free cash flow amounting to $2.9 billion [2][3] - Cash from continuing operating activities for 2025 was $3.2 billion, an increase from $3.18 billion in 2024 [2][3] Future Outlook - For full-year 2026, Trane Technologies expects GAAP and adjusted continuing EPS to be in the range of $14.65 to $14.85, with reported revenue growth projected at approximately 8.5% to 9.5% [2][3]