Strong Q2 Performance: Trane Technologies reported record bookings and revenues for Q2 2025, with adjusted EPS growth of 18%, reaching $13.05. The Americas Commercial HVAC segment performed exceptionally, with organic bookings increasing by over 20%, marking new all-time highs.

Forecast Adjustments: The company raised its full-year revenue guidance to approximately 8% organic growth, up from the previous range of 7% to 8%. Adjusted EPS outlook is increased to approximately $13.05, representing a 16% year-over-year rise compared to $12.70-$12.90 previously.

Challenges in Residential HVAC: Residential HVAC revenues fell short due to a temporary industry shortage of R-454B refrigerant cylinders, impacting Q2 results. The segment's growth for the full year is now expected to be flat, down from prior expectations of mid- to high single-digit growth, with a projected $150 million revenue impact in the second half.