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

July 28, 2026 at 23:15 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 you need to know.

Trane Technologies beat analysts’ revenue expectations last quarter, reporting revenues of $4.97 billion, up 6% year on year. It was a strong quarter for the company, with a decent beat of analysts’ EBITDA estimates and a beat of analysts’ EPS 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 8.1% year on year, in line with the 8.3% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 Q2 results, giving us a hint as to what we can expect. Carrier Global delivered year-on-year revenue growth of 3.9%, beating analysts’ expectations by 5.6%, and Zurn Elkay reported revenues up 10.5%, topping estimates by 1.6%.

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

Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the building products stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Trane Technologies is down 1.8% during the same time and is heading into earnings with an average analyst price target of $523.75 (compared to the current share price of $471.58).

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