Highlights (third-quarter 2026 versus third-quarter 2025, unless otherwise noted):

Organic bookings* up 20 percent, with broad-based growth across all segmentsBook-to-bill of 107 percent and greater than 100 percent in all segmentsBacklog of $12.5 billion, up 73 percent; Americas Commercial HVAC up approximately 80 percentReported revenues of $6.8 billion, up 18 percent; organic revenues* up 16 percentGAAP continuing EPS of $4.79; adjusted continuing EPS* of $4.86, both up 25 percentYear-to-date free cash flow* of $2.8 billion, up approximately 60 percent

SWORDS, Ireland, Oct. 30, 2026 /PRNewswire/ — Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $4.79 for the third quarter of 2026. Adjusted continuing EPS was $4.86, up 25 percent.

Third-Quarter 2026 Results

Financial Comparisons – Third-Quarter Continuing Operations

“We delivered strong performance in the third quarter, including organic revenue growth of 16 percent, record operating income and earnings-per-share growth of 25 percent,” said Dave Regnery, chair and CEO of Trane Technologies.

“Our focus on sustainability and energy efficiency continues to resonate with customers, driving bookings growth of 20 percent in the quarter and elevating our backlog to $12.5 billion. We are raising our full-year revenue guidance and reaffirming our earnings-per-share guidance, even as we navigate supply chain and inflationary headwinds. With our strong momentum, leading innovation and talented team, we are well positioned to continue delivering differentiated, long-term shareholder value.”

Third-Quarter Business Review (all comparisons against third-quarter 2025 unless otherwise noted)

Americas Segment: innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating, cooling and ventilation systems, building controls and solutions, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions.

Strong bookings of $5.7 billion, up 18 percent; organic bookings up 16 percent. Book-to-bill of 101 percent. Americas segment saw strong bookings growth across Commercial HVAC, Residential and Transport.Reported revenues were up 21 percent, including approximately 2 percentage points related to acquisitions. Organic revenues were up 19 percent.GAAP operating margin was up 40 basis points, adjusted operating margin was up 50 basis points and adjusted EBITDA margin was up 40 basis points.

Europe, Middle East and Africa (EMEA) Segment: innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating, cooling and ventilation systems and services, energy services and solutions, building controls, and transport refrigeration systems.

Strong bookings up 40 percent; organic bookings were up 41 percent. Book-to-bill of 147 percent.Reported revenues were up approximately 1 percent, including approximately 1 percentage point of unfavorable foreign exchange impact. Organic revenues were up 2 percent.GAAP operating margin was down 240 basis points; adjusted operating margin was down 250 basis points and adjusted EBITDA margin was down 230 basis points.

Asia Pacific Segment: innovates for customers throughout the Asia Pacific region. The Asia Pacific segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions.

Strong bookings up 22 percent, organic bookings up 21 percent. Book-to-bill of 128 percent.Reported revenues were up 8 percent, including approximately 1 percentage point of positive foreign exchange impact. Organic revenues were up 7 percent.GAAP operating margin was down 390 basis points, adjusted operating margin was down 390 basis points, adjusted EBITDA margin was down 360 basis points.

Balance Sheet and Cash Flow

Through September 30, 2026, cash flow from continuing operating activities was approximately $3.1 billion and free cash flow was approximately $2.8 billion.Year-to-date through October, the Company deployed or committed approximately $3.4 billion of capital including approximately $930 million for dividends, $1,080 million for M&A, and $1.4 billion for share repurchases.The Company expects to pay a competitive and growing dividend and to deploy 100 percent of excess cash to shareholders over time.

Company Raises Full-Year 2026 Revenue Guidance

The Company expects full-year 2026 reported revenue growth of approximately 13.5 percent and organic revenue growth of approximately 11 percent versus full-year 2025.The Company expects GAAP continuing EPS for full-year 2026 of approximately $15.00 to $15.10, including $0.20 for non-GAAP adjustments. The Company expects adjusted continuing EPS for full-year 2026 of $15.20 to $15.30.Additional information regarding the Company’s 2026 guidance is included in the Company’s third-quarter earnings presentation found at www.tranetechnologies.com in the Investor Relations section.

This news release includes “forward-looking” statements within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue, EPS, and earnings; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the amount and timing of our dividends, our share repurchase program, anticipated capital commitments for M&A activity, and our capital allocation strategy; our available liquidity; our anticipated revenue growth, and the performance of the markets in which we operate.

These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, global economic conditions, including recessions and economic downturns, inflation, volatility in interest rates and foreign exchange; trade protection measures such as import or export restrictions, tariffs, or quotas; changing energy prices; worldwide geopolitical conflict; financial institution disruptions; climate change and our sustainability strategies and goals; future health care emergencies on our business, our suppliers and our customers; commodity shortages; price increases; government regulation; restructurings activity and cost savings associated with such activity; secular trends toward decarbonization, energy efficiency and internal air quality, the outcome of any litigation, including the risks and uncertainties associated with the Chapter 11 proceedings for our deconsolidated subsidiaries Aldrich Pump LLC and Murray Boiler LLC; cybersecurity risks; and tax audits and tax law changes and interpretations. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2025, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events and how they may affect the Company. We assume no obligation to update these forward-looking statements.

This news release also includes non-GAAP financial information, which should be considered supplemental to, not a substitute for, or superior to, the financial measure calculated in accordance with GAAP. The definitions of our non-GAAP financial information and reconciliation to GAAP are attached to this news release.

All amounts reported within the earnings release above related to net earnings (loss), earnings (loss) from continuing operations, earnings (loss) from discontinued operations, adjusted EBITDA and per share amounts are attributed to Trane Technologies’ ordinary shareholders.

Trane Technologies (NYSE:TT) is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more information, visit tranetechnologies.com.

# # #
10/30/2026
(See Accompanying Tables)

Table 1: Condensed Consolidated Income StatementTables 2 – 5: Reconciliation of GAAP to Non-GAAPTable 6: Condensed Consolidated Balance SheetsTable 7: Condensed Consolidated Statement of Cash FlowsTable 8: Balance Sheet Metrics and Free Cash Flow

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SOURCE Trane Technologies plc

LONDON, Oct. 30, 2026 /PRNewswire/ — Rokid, a global pioneer in AI-powered smart eyewear and human-computer interaction, has announced the U.K. retail launch of Rokid Glasses, its AI-powered smart glasses with an integrated display and camera. Shoppers can experience the glasses’ AI features at a dedicated, permanent Rokid display within a distributor-operated retail space at Selfridges London.

Rokid’s U.K. launch follows its earlier appearance at Somerset House London, where the company hosted the first exhibit in Europe guided by Rokid Glasses.

New product launch and special events
In celebration, Rokid has launched the new Rokid AI Glasses Travel Set in the U.K. The travel set includes a pair of clip-on sunglass lenses, an audio concentrator, a charging cable, and a travel pouch to maximise the Rokid Glasses’ utility on extended trips.

Officially priced at £699, the Rokid AI Glasses Travel Set will be discounted to £569 for one day only on 31 October. Customers will also receive a free Rokid Glasses Charging Case and exclusive Rokid Community merchandise with their purchase.

“The U.K. is a strategic market for Rokid and an important step in our European expansion,” said Irene Long, Senior Director of Global Channels and Business Innovation at Rokid. “Our official U.K. website and retail presence at Selfridges bring Rokid Glasses closer to British consumers, making wearable AI easier to experience in everyday life.”

Rokid Glasses brings practical AI features to everyday life
Rokid Glasses is a pair of smart glasses capable of real-time translation in 89 languages, high-definition video and photo capture, visual search, and much more—all enhanced or powered by Rokid’s multimodal AI ecosystem. Rokid Glasses uses the world’s smallest Micro-LED engine and a dual-eye monochrome display to present visual information directly in the wearer’s field of view, without having to check a smartphone display. With a lightweight ergonomic frame, prescription lens support, and long battery life, Rokid Glasses is suitable for all-day wear and any occasion.

Availability
The dedicated, permanent Rokid display is located at the Selfridges Tech Bar in the Technology Hall on the Lower Ground Floor, next to the cinema, at 400 Oxford Street, London W1A 1AB.

About Rokid
Founded in 2014, Rokid is a global pioneer in augmented reality (AR) and AI, creating human-centred smart glasses that integrate intelligence seamlessly into everyday life. The company has introduced a range of innovations across AI and AR hardware, including the first open AI ecosystem for wearables, dual-chip architecture, multilingual voice interaction, intuitive AI shortcuts, and mass-produced smart glasses with display capabilities.

Learn more at gb.rokid.com 

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YANTAI, China, Oct. 30, 2026 /PRNewswire/ — On October 28, the launch event of Jereh Saturn Modular Gas Gensets was held at Jereh Equipment Manufacturing Industrial Park, under the theme “Jereh Saturn™ Launch.” Hanyang Li, Party Secretary and Chairman of Yuchai Group, led a delegation to the unveiling. Prefabricated in the factory and assembled on site, the genset rolled off the line on the same day, delivering faster power supply for oil & gas fields and industrial parks.

In his opening remarks, Zhiyong Li, Chairman of Jereh Group, extended a warm welcome and expressed gratitude to all guests. He noted that global power demand keeps rising, while conventional fixed gas-fired power plants feature lengthy construction cycles and struggle to adapt to rapidly evolving power consumption scenarios.

Jereh and Yuchai have joined forces with complementary strengths: Yuchai supplies the high-performance power core; while Jereh contributes equipment integration, intelligent control and global after-sales service. Saturn serves as a cornerstone of Jereh’s Gas-to-Power strategy. Leveraging its expertise in oil & gas field development and high-end equipment manufacturing, Jereh now offers full value chain covering gas treatment, gas boosting, clean generation and intelligent control.

Hanyang Li spoke highly of Jereh’s technical capabilities and manufacturing excellence. He stated that years of mutual trust in power equipment and power generation applications make Saturn a milestone in the two companies’ strategic partnership. Both parties will further deepen collaboration across applications, markets and services to create new value.

The product outlined Saturn’s core design philosophy: standardized skid-mounted and trailer-mounted configurations, standalone or intelligent multi-unit paralleling, and 50 Hz/60 Hz grid compatibility. Large-scale power systems are built from standardized modules, enabling flexible capacity scaling to shorten commissioning cycles and optimize total lifecycle costs.

Unlike the industry’s single-point best-case figures, all performance metrics of the Saturn series are defined under test boundaries and reproducible measured data. Its power ratings comply with the ISO 8528 COP (Continuous Operating Power) standard, meaning the quoted power output represents the continuous long-term load the unit can reliably sustain. The product features five key quantified advantages:

Zero Jobsite Assembly

Assembly, electrical commissioning, calibration and full-load verification are all completed in the factory. On-site work, only requires gas, cooling water and power connections. No civil works, second-round commissioning or auxiliary equipment are required. Installation time drops 70%.

One Module, Scale on Demand

The unified modular architecture supports standalone operation and intelligent paralleling: customers can start with one module and add units as the business grows, matching investment to business pace and avoiding a large one-off outlay.

Steady in 2 Seconds

Paired with the Jereh Energy Cabin, the genset holds voltage and frequency better than ISO 8528-5 G2 during a 70% step load acceptance and recovers in under 2 seconds — an industry-leading transient response.

Save Cost, Shorter Deployment Timeline, Reduce Manpower

Generating on oilfield associated gas yields up to 3.9 kWh/Nm³, and the levelized cost of gas-fired power is roughly RMB 0.45–0.60/kWh — 60%–70% below diesel.

1400 kW — Ready on Arrival

The SATURN C4 carries four 19.6 L large-displacement engines: 1,400 kW continuous, up to 1,540 kW maximum. That margin covers long-term loading and overload shocks, so customers never pay for the gap between nameplate rating and real carrying capacity.

The launch of Saturn makes a major breakthrough for Jereh’s power equipment business. Jereh will keep deepening three strategic business tracks: data center power supply, industrial energy and new power systems. Through continuous innovation, product upgrades and engineering delivery, Jereh will accelerate the intelligent, large-scale and global rollout of clean power equipment, working with partners worldwide to build reliable, smart energy infrastructure.

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