Trane Technologies Plc · NYSE:TT
Trane Technologies — Q3 2026 Earnings Presentation
23 slides from Trane Technologies's earnings presentation, Oct 29, 2026
Slide 1: Third-Quarter 2026 Results
Third-Quarter 2026 Results October 29, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements This presentation includes “forward-looking" statements within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue
Slide 3: Focused Strategy Delivers Differentiated Shareholder Returns
CLEAR PRI OR I TI ES Focused Strategy Delivers Differentiated Shareholder Returns Focused Strategy Delivers Differentiated Shareholder Returns 1 2 3 4 Win Grow Margins Maximize Continue Through and Cash Via Value As With Sustainable Execution Focused Dynamic Capital Innovation Excellence Climate Co.
Slide 4: Strong Bookings and Backlog; Raising FY Revenue and FCF Guidance
Q3 2026 U P D A T E Strong Bookings and Backlog; Raising FY Revenue and FCF Guidance Strong Bookings and Backlog; Raising FY Revenue and FCF Guidance Strong Q3 Results Multiple Drivers Underpin Durable Growth • Organic revenue* up 16% YOY, led by Americas; all segments • Bookings strength across all
Slide 5: Enterprise Bookings Growth of 20% Led By Global Commercial HVAC, Residential, and Americas Transport
Q3 2 0 2 6 O R G A N I C B OOK I NG S A N D R E V EN UES Enterprise Bookings Growth of 20% Led By Global Commercial HVAC, Residential, and Americas Transport Enterprise Bookings Growth of 20% Led By Global Commercial HVAC, Residential, and Americas Transport Q3 Organic* Y-O-Y Change Bookings Revenue
Slide 6: Performance Scoreboard: Strong Revenue & EPS Growth
Q3 2 0 2 6 EN T ER PR I S E R E S U L T S rformance Scoreboard: Strong Revenue EPS Growth Performance Scoreboard: Strong Revenue & EPS Growth Net Revenue Adj. EBITDA Margin* Adj. Operating Margin* Adj. Continuing EPS* +16% -40 -40 +25% Organic* bps bps $6,760 $4.86 21.8% 21.4% $5,743 20.6% 20.2% $3.
Slide 7: Margin Expansion in the Americas, Managing Through Elevated Inflation and Supply Chain Pressure
Q 3 2 0 2 6 S E G M E N T R E S U LT S Margin Expansion in the Americas, Managing Through Elevated Inflation and Supply Chain Pressure, Continued Business Reinvestment Margin Expansion in the Americas, Managing Through Elevated Inflation and Supply Chain Pressure, Continued Business Reinvestment Adj
Slide 8: Strong Bookings & Backlog Support Strong Exit to 2026
M A R K E T U P D AT E Strong Bookings Backlog Support Strong Exit to 2026 Strong Bookings & Backlog Support Strong Exit to 2026 Commercial HVAC • Strong demand across data centers and core markets; YTD growth in 11 of 14 verticals • Q3 book-to-bill >100%; backlog up >80% YOY with a robust project p
Slide 9: Leveraging Value Creation Flywheel to Drive Strong Revenue, EPS and FCF Growth in 2026
2026 GUIDANCE veraging Value Creation Flywheel to Drive Strong Revenue, EPS and FCF Growth in 2026 Leveraging Value Creation Flywheel to Drive Strong Revenue, EPS and FCF Growth in 2026 January 29th FY Guidance July 30th FY Guidance Current FY Guidance* Organic ~+9% ~+11% Revenues** +6% to +7% (~+13
Slide 10: Strong FCF Drives Continued Balanced Capital Deployment Strategy
Strong FCF Drives Continued Balanced Capital Deployment Strategy Strong FCF Drives Continued Balanced Capital Deployment Strategy 1 2 3 Maintain Healthy, Return Capital to Invest for Growth Efficient Balance Sheet Shareholders • Strengthen the core business • Expect to deliver FCF* ≥ 100% • Expect t
Slide 11: Expect to Deploy >$3.4B in 2026
Expect to Deploy >$3.4B in 2026 B AL A N C ED C A PI TAL D E PL O YME N T Expect to Deploy >$3.4B in 2026 • Raising FY 2026 capital deployment from $2.8B- YTD Actual & Revised $3.3B to $3.4B+ Committed October 2026 FY 2026 Target • Increased dividend 12% in 2026, up 98% since the launch of Trane Tec
Slide 12: Topics of Interest
Topics of Interest TECHNOLCG ES
Slide 13: ACT Projecting 2027 Market Recovery; Strong Growth Through 2030
TOPICS OF INTEREST ACT Projecting 2027 Market Recovery; Strong Growth Through 2030 ACT Projecting 2027 Market Recovery; Strong Growth Through 2030 ACT North America Trailer Market Outlook Comments Units in 000’s • ACT 2026 trailer market forecast of ~26.6K, or up ~5% YOY 50 • ACT expects significant
Slide 14: Well Positioned for Strong Performance in 2027
2027 DYNAMICS Well Positioned for Strong Performance in 2027 Well Positioned for Strong Performance in 2027 • Well positioned to capture significant opportunities w/ best-in-class direct sales & service teams Strong CHVAC • Innovation aligned to megatrends and strong multi-year capex cycle; value pr
Slide 15: Positioned to Outperform Over the Long-Term
IN SUMMARY Positioned to Outperform Over the Long-Term Positioned to Outperform Over the Long-Term Secular The markets we serve expected to continue to outgrow Tailwinds GDP, fueled by long-term sustainability megatrends Sustainability We are positioned to outgrow the market and expand Focused Innov
Slide 16: Appendix
Appendix
Slide 17: FY'26 Detailed Guidance for Modeling Purposes
2026 GUIDANCE FY’26 Detailed Guidance for Modeling Purposes FY’26 Detailed Guidance for Modeling Purposes Metric FY Guidance 2026 Commentary • ~Low-twenties% organic leverage* for FY’26 Organic Revenue* ~+11% • Impact of M&A on organic vs reported leverage expected to be ~500 bps (reported leverage
Slide 18: Trane Technologies Sustainability Strategy
SUSTAINABILITY COMMITMENTS Trane Technologies Sustainability Strategy Trane Technologies Sustainability Strategy Global Megatrends Our 2030 Commitments The Gigaton Challenge Leading by Example Opportunity for All Reduce one gigaton of carbon Achieve carbon neutral operations, zero Invest in our peop
Slide 19: Delivering performance through sustainability
A LEGACY OFACTION Delivering performance through sustainability Delivering performance through sustainability 19
Slide 20: Widely Recognized for Sustainability Leadership and Uplifting Culture
SUSTAINABILITY LEADER Widely Recognized for Sustainability Leadership and Uplifting Culture Widely Recognized for Sustainability Leadership and Uplifting Culture Highly Regarded Performance People and Citizenship TIME World’s Most TIME World’s Fortune 2026 World’s Sustainable Companies Best Companie
Slide 21: Q3 YoY Organic Revenues up 16%; Bookings up 20%
Q3 YoY Organic Revenues up 16%; Bookings up 20% Organic* Revenue 2023 2024 2025 2026 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Americas +8% +9% +11% +7% +9% +15% +16% +15% +11% +14% +13% +9% +4% +5% +7% +4% +11% +19% EMEA +15% +8% +3% +8% +8% +4% +5% +8% +7% +6% +6% +3% +3% +2% +3% -1% -
Slide 22: YTD Non-GAAP Measures Definitions
YTD Non-GAAP Measures Definitions YTD Non-GAAP Measures Definitions Adjusted operating income in 2026 is defined as GAAP operating income adjusted for merger and acquisition transaction costs, amortization of acquired backlog intangible asset and restructuring costs. Adjusted operating income in 202
Slide 23: YTD Non-GAAP Measures Definitions
YTD Non-GAAP Measures Definitions YTD Non-GAAP Measures Definitions Adjusted effective tax rate for 2026 is defined as the ratio of income tax expense adjusted for the net tax effect of adjustments for merger and acquisition transaction costs, amortization of acquired backlog intangible asset and re