The company reported net revenues of $4,688.5 million for Q1 2025, up from $4,215.5 million a year earlier, and GAAP operating income of $818.9 million, compared with $633.8 million. Net revenues rose 11% from a year earlier.

1. 01

   The company reported net revenues of $4,688.5 million for Q1 2025, up from $4,215.5 million a year earlier, and GAAP operating income of $818.9 million, compared with $633.8 million. Net revenues rose 11% from a year earlier.

2. 02

   Trane Technologies said total company bookings were $5.3 billion for Q1 2025, with a book-to-bill of 113%. Americas segment net revenues rose 14% to $3,800.7 million, and adjusted operating income was $676.6 million, with an adjusted operating margin of 17.8%.

3. 03

   The company said cash from continuing operating activities was $346 million and free cash flow was $230 million for Q1 2025. It also outlined full-year adjusted continuing EPS guidance of $12.70 to $12.90 and said it expects to perform towards the high end of the range.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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