Trane Technologies Beat Q1 Estimates On Strong Order Growth, Ups Sales Outlook – Trane Technologies (NYSE:TT)
Trane Technologies plc TT shares are trading higher on Wednesday. The company reported first-quarter net revenue growth of 11% year-over-year to $4.69 billion, surpassing the consensus of $4.46 billion. Bookings increased 4% Y/Y to $5.28 billion in the quarter. Enterprise reported an 11% Y/Y increase in both revenues and organic revenues. Enterprise backlog totaled $7.3 billion at the end of the quarter. Adjusted EBITDA rose 21% Y/Y to $851 million, with…