Shares of Trane Technologies PLC (NYSE: TT) surged 6.13% in pre-market trading on Wednesday following the company's impressive first-quarter 2025 financial results that exceeded analyst expectations. The HVAC and refrigeration systems manufacturer reported strong earnings growth and an optimistic outlook, driving investor enthusiasm.

Trane Technologies announced adjusted earnings per share of $2.45 for the quarter, significantly beating the FactSet consensus estimate of $2.20. This represents a substantial 26.29% increase from $1.94 per share in the same period last year. Revenue for the quarter came in at $4.69 billion, surpassing analyst projections of $4.46 billion and marking an 11.20% year-over-year growth.

The company's robust performance was driven by strong demand across its segments, with notable strength in its Americas commercial HVAC business. Trane Technologies reported strong order growth and an elevated backlog, adding approximately $400 million to its backlog compared to year-end 2024. Additionally, the company reaffirmed its full-year 2025 adjusted earnings guidance range of $12.70 to $12.90 per share, expressing confidence in achieving results towards the high end of this range. This positive outlook, combined with the company's strong Q1 results and solid financial position, has fueled investor confidence and contributed to the stock's pre-market rally.