Trane Technologies plc

please press star followed by the number one on your telephone keypad. In the interest of time, we ask that participants please limit themselves to one question and one follow-up. Thank you. I will now turn the call over to Zach Nagel, Vice President of Investor Relations.

Thanks, Operator. Good morning, and thank you for joining us for Terrain Technologies' first quarter 2025 earnings conference call. This call is being webcast on our website at TerrainTechnologies.com, where you'll find the accompanying presentations. We're also recording and archiving this call on our website. Please go to slide two. Statements made in today's call that are not historical facts are considered forward-looking statements and are made pursuant to the safe harbor provisions of federal securities law. Please see our SEC filings for a description of some of the factors that may cause actual results to differ materially from anticipated results. This presentation also includes non-GAAP measures which are explained in the financial tables attached to our news release. Joining me on today's call are Dave McNary, Chair and CEO, and Chris Kuhn, Executive Vice President and CFO. With that, I'll turn the call over to Dave. Dave?

Thanks, Zach, and everyone for joining today's call. Please turn to slide number three. I'd like to begin with a few minutes on our purpose-driven strategy, which enables our differentiated financial results over time. At Trane Technologies, we continuously innovate for a sustainable world, setting the pace for our industry and driving significant customer demand. Our solutions offer very attractive paybacks, helping customers reduce energy use, emissions, and operating costs. These long-term partnerships not only fuel our growth, but also make a positive impact on the world. Our leading innovation, proven business operating system, and uplifting culture enable us to navigate dynamic environments, outperform the markets, and deliver robust free cash flow. This strong, consistent performance positions us to deliver differentiated shareholder value well into the future. Please turn to slide number four. We delivered strong financial results in the first quarter, continuing our track record of industry-leading revenue and EPS growth. Our global team achieved 11% organic revenue growth, 130 basis points of adjusted EBITDA margin expansion, and 26% adjusted EPS growth. Bookings were robust, up 4%, with a book-to-bill ratio of 113% for the enterprise and book-to-bill of 100% or more across all segments and businesses. We added about $500 million to our backlog from year-end 2024, including approximately 400 million in our America's commercial HVAC business. Our commercial HVAC and services businesses have shown outstanding durability and resiliency, compounding growth over multiple years. And our project pipelines continue to grow, highlighting sustained opportunities ahead. Our direct sales strategy enables us to capture more than our fair share of these opportunities, and consistently outgrow our end markets. Our service business represents one-third of our enterprise revenues with a high single-digit compound annual growth rate since 2019 and a low team's CAGR since the inception of Trane Technologies. We pride ourselves on strong execution and delivering for our customers and stakeholders. Despite a dynamic macroeconomic environment, we are confident in our ability to outperform. Our experienced global teams have effectively managed past challenges, consistently improving our business operating system to be more agile and resilient. This system includes advanced mechanisms for pricing, supply chain management, and productivity to manage various inflationary scenarios. We are well prepared to manage the modest cost inflation we expect while minimizing the impact on our customers and driving market growth. Looking forward, we're confident in our ability to deliver results towards the higher end of our full-year revenue and EPS guidance ranges, which Chris will cover in more detail shortly. Please turn to slide number five. In our Americas segment, commercial HVAC bookings set a new quarterly record, surpassing last year's high. Revenue growth was robust with mid-teens growth in equipment and low teens in services. Residential growth was also strong, with bookings up mid-teens and revenues up high teens. Transport refrigeration bookings were down low single digits, and revenues were up mid-single digits, significantly outperforming end markets, which were down around 25%. In our EMEA segment, commercial HVAC bookings were very strong, up mid-teens. revenue was up mid-single digits in line with our expectations for the quarter. Transport bookings were up high single digits. Revenues were up mid-single digits, outperforming end markets, which were down mid-single digits. In Asia Pacific, our team showed resilience with balanced results between China and the rest of Asia. In the rest of Asia, bookings and revenues were strong, up double digits and low 20s respectively. In China, The market remains challenging, with bookings and revenues down low 30s and high 20s, respectively, against tough prior year comps of approximately plus 20% for both. Now, I'd like to turn the call over to Chris. Chris?