Trane Technologies plc reported third-quarter 2025 financial results with bookings reaching $6.0 billion, an increase of 15 percent compared to the same period in 2024. Organic bookings grew by 13 percent. Net revenues for the quarter were $5.7 billion, up 6 percent year-over-year, with organic revenues rising 4 percent. Excluding the residential segment, enterprise organic bookings and revenues increased by 26 percent and 10 percent, respectively. GAAP operating income for the quarter was $1.2 billion, up 14 percent from the prior year, and GAAP operating margin improved by 150 basis points to 20.3 percent. Adjusted operating income was $1.2 billion, an increase of 15 percent, while the adjusted operating margin rose by 170 basis points to 20.6 percent. Adjusted EBITDA was $1.3 billion, up 11 percent, and the adjusted EBITDA margin increased by 110 basis points to 21.8 percent. GAAP diluted earnings per share from continuing operations were $3.82, up 11 percent, and adjusted continuing earnings per share were $3.88, a 15 percent increase. The enterprise backlog at quarter-end was $7.2 billion, up 7 percent versus year-end 2024. The company reported that commercial HVAC in the Americas led bookings growth, with applied solutions bookings more than doubling year-over-year. Volume growth, price realization, and productivity contributed to the overall financial performance.