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Trane Technologies plc (TT) Presents at Bank of America 3...
2026-05-14 · via All Articles on Seeking Alpha

Trane Technologies plc (TT) Bank of America 33rd Annual Industrials, Transportation and Airlines Key Leaders Conference May 13, 2026 11:05 AM EDT

Company Participants

David Regnery - Chairman of the Board & CEO
Christopher Kuehn - Executive VP & CFO

Conference Call Participants

Andrew Obin - BofA Securities, Research Division

Presentation

Andrew Obin
BofA Securities, Research Division

Hi, I'm Andrew Obin, BofA's multi-industrial analyst. And with us, we have management of Trane Technologies. We have David Regnery, Chairman and CEO; and Chris Kuehn, Executive Vice President and CFO. I guess we'll just jump into the fireside, right?

David Regnery
Chairman of the Board & CEO

Great. Thanks, everyone, for coming today. Appreciate it.

Question-and-Answer Session

Andrew Obin
BofA Securities, Research Division

Always a pleasure to have you here. So maybe we can start with tariffs and inflation, now more visible than 90 days ago. Where do you see pressure points on price cost as we head into the second half?

David Regnery
Chairman of the Board & CEO

Chris, I'll let you start?

Christopher Kuehn
Executive VP & CFO

Yes, sure. As we said on our call a couple of weeks ago, it is a bit more inflationary from a tariff perspective and from a raw material input perspective than when we started the year in January. We think we have that captured in our guide. We raised our full year guide to 7% revenue growth and EPS growth of 13% to 15%.

But look, we're going to leverage our business operating system. Unfortunately, we've had to get really good at this over the last 5, 6 years from inflation and our tariffs and looking to mitigation first and then ultimately, if we need to, to deploy pricing. But I think, Andrew, from a relative perspective, as a company that has been in region for region for well over a decade, we