Trane Technologies just smashed Q2 2026 earnings, raking in $6.35 billion in revenue—up 10% YoY and beating forecasts—while also boosting its full-year EPS outlook to $15.25. With steady five-year revenue growth, healthy margins, and a stock rally post-report, the HVAC giant’s momentum looks strong… though investors should watch its slightly underwhelming EBITDA and shrinking backlog.
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