Trane Technologies: Can HVAC Service Revenue Outweigh Market Cyclicality?

Trane Technologies reported robust financial results for the fourth quarter of 2024, reflecting strong execution across its business segments and demonstrating the benefits of its purpose-driven strategy focused on innovation and sustainability. The company achieved 10% organic revenue growth, expanded adjusted EBITDA margins by 110 basis points, and increased adjusted earnings per share (EPS) by 20%. For the full year, Trane Technologies reported 12% organic revenue growth and 24% adjusted EPS growth, affirming its ability to outperform peer groups in these critical financial metrics.