By Kelly Cloonan
Shares of Trane Technologies climbed after the company beat Wall Street's expectations in the first-quarter and said it expects to perform toward the high end of its full-year revenue and earnings guidance ranges.
The stock rose 7% to $379.00 on Wednesday. Shares have gained 19% over the past 12 months.
The HVAC manufacturer posted a profit of $604.9 million, or $2.67 a share, compared with $436.3 million, or $1.90 a share, a year earlier.
Stripping out one-time items, earnings per share were $2.45, ahead of estimates of $2.20 a share according to analysts polled by FactSet.
Revenue rose 11% to $4.69 billion. Analysts expected $4.46 billion.
For the full-year, Trane Technologies continues to guide for revenue growth of 7.5% to 8.5% and earnings per share of $12.95 to $13.15. The company said it expects to perform at the high end of both ranges.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 30, 2025 11:01 ET (15:01 GMT)
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