Trane Technologies said bookings for Q3 2025 were $5,979 million ($5,213 million in the prior-year quarter, up 15%), net revenues were $5,743 million (up 6%), and GAAP operating income was $1,165 million (up 14%).

1. 01

   Trane Technologies said bookings for Q3 2025 were $5,979 million ($5,213 million in the prior-year quarter, up 15%), net revenues were $5,743 million (up 6%), and GAAP operating income was $1,165 million (up 14%).

2. 02

   The company said GAAP operating margin for Q3 2025 was 20.3% (up 150 basis points), and adjusted operating margin was 20.6% (up 170 basis points). GAAP continuing EPS was $3.82, and adjusted continuing EPS was $3.88 (up 15%).

3. 03

   Trane Technologies said cash flow from continuing operating activities through September 30, 2025 was $2,054 million, and free cash flow was $1,786 million. It said it had deployed or committed about $2.8 billion of capital through October, including about $1.35 billion for share repurchases.

4. 04

   The company said it expects reported revenue growth of approximately 7% for full-year 2025, and adjusted continuing EPS of $12.95 to $13.05. It put GAAP continuing EPS at approximately $13.15 to $13.25, including $0.20 for non-GAAP adjustments.

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.

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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