Short answer
Trane Technologies (TT) filed its Q1 2026 10-Q quarterly report on Apr 30, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $5.0B (up 6.0% year over year) with net income of $584M.
Q1 2026 key financials · XBRL
- Revenue
- $5.0B
- +6.0% YoY
- Net income
- $584M
- −3.4% YoY
- Operating margin
- 15.6%
- EPS (diluted)
- $2.62
- −1.9% YoY
Source: XBRL data from the Trane Technologies (TT) Q1 2026 10-Q on SEC EDGAR. USD.
Trane Technologies Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $4,969.4M, up 6.0% YoY from $4,688.5M
- Operating margin 15.6% vs 17.5%; gross margin 34.8% vs 35.8%
- Best segment Asia Pacific: EBITDA margin 23.7% vs 22.5%; worst EMEA: 13.5% vs 16.1%
- Operating cash flow $636.2M vs $345.5M; acquisitions and equity investments $668.2M
- Cash $1,074.2M vs $1,763.3M; $287.3M share repurchases and $1.05 quarterly dividend
- Outlook: strong Americas and European Commercial HVAC; weak transport refrigeration and residential markets; tariff and geopolitical risks intensifying uncertainty
Risk Factors
- New credit agreement dated April 23, 2026, indicating potential changes to financing terms
- Share repurchases approximately $287 million, leaving $4.5 billion authorized
- Market-condition and regulatory requirements governing repurchases
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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