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Trane Technologies (TT) Reports Earnings Tomorrow: What To Expect

April 28, 2026 at 23:16 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

TT Cover Image

HVAC company Trane (NYSE: TT) will be reporting results this Thursday before market open. Here’s what to look for.

Trane Technologies beat analysts’ revenue expectations last quarter, reporting revenues of $5.14 billion, up 5.5% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates and a miss of analysts’ adjusted operating income estimates.

Is Trane Technologies a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Trane Technologies’s revenue to grow 2.8% year on year, slowing from the 11.2% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Trane Technologies has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Trane Technologies’s peers in the building products segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Zurn Elkay delivered year-on-year revenue growth of 11.4%, beating analysts’ expectations by 3.2%, and Simpson reported revenues up 9.1%, topping estimates by 6.4%. Zurn Elkay traded up 9.5% following the results while Simpson was also up 2.4%.

Read our full analysis of Zurn Elkay’s results here and Simpson’s results here.

There has been positive sentiment among investors in the building products segment, with share prices up 14.1% on average over the last month. Trane Technologies is up 19.9% during the same time and is heading into earnings with an average analyst price target of $488.02 (compared to the current share price of $484.20).

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