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Trane Technologies' backlog rises 73% to $12.5bn as data centre cooling orders grow
What changed
Trane Technologies reported Q3 2026 revenues of $6.8 billion, up 18% (16% organic), and organic bookings up 20%. Backlog reached $12.5 billion, up 73%, with Americas Commercial HVAC backlog up about 80%. Trane raised its full-year 2026 guidance to about 13.5% reported and about 11% organic revenue growth, a company forecast.
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