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Trane Technologies plc (TT) Wolfe Research 19th Annual Global Transportation & Industrials Conference May 20, 2026 9:15 AM EDT
Company Participants
Donald Simmons - Group President of Americas
Christopher Kuehn - Executive VP & CFO
Conference Call Participants
Nigel Coe - Wolfe Research, LLC
Presentation
Nigel Coe
Wolfe Research, LLC
Okay. Great. So we're going to wrap up this trio of industrial fireside chats with Trane. And very pleased to welcome back to the Wolfe Conference. Chris Kuehn, CFO of Trane; and Donny Simmons, who's the President of the Americas for Trane Technologies. And the Americas is what, 2/3 of the business, Donny. So it's..
Donald Simmons
Group President of Americas
Yes. A little higher than that..
Nigel Coe
Wolfe Research, LLC
A little bit higher than that. Yes, Math is not my strong suit. So -- but great to have you both here. Thanks for taking the time. Chris, I think maybe spend a minute or so just set the scene, and then we'll get into Q&A.
Christopher Kuehn
Executive VP & CFO
Yes. Nigel, thanks for having Donny and I and Pat here at the conference. Good to be back in New York. We know it's going to be a very warm day in New York and maybe a warm couple of days this week. So look, the company had a strong start to the year. Maybe a highlight in the first quarter for us where bookings were up 24%. Think of that in Donny's space. Commercial HVAC bookings were up 40% in the first quarter. Applied bookings were up over 160%. So we had a really good start to the year. Backlog reached $10.7 billion at the end of the first quarter. That's up nearly $3 billion from the start of the year. And think of that as 2/3 organic and about 1/3 from acquisitions.
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