Trane Technologies plc

Good morning. Welcome to the Train Technologies Q3 2026 earnings conference call. My name is Warren and I will be your operator for the call. Thank you for joining us.

Thanks, operator. Good morning, and thank you for joining us for Train Technologies' third quarter 2026 earnings conference call. Our webcast and slide presentation are available at traintechnologies.com, where a replay will also be archived. Today's discussion includes forward-looking statements. Key risk factors are detailed in our SEC filings. We also use non-GAAP measures. Explanations and reconciliations are in our press release and presentation appendix. Joining me on today's call are David Regnery, Chair and CEO, Chris Kuehn, Executive Vice President and CFO, and joining us for Q&A is Donnie Simmons, Executive Vice President and Chief Operating Officer. With that, I'll turn the call over to Dave. Dave?

Thanks, Pat, and good morning, everyone. Please turn to slide number three. Our focus strategy is aligned to powerful megatrends and continues to propel strong performance. Today, Global energy systems are stretched and buildings still waste about 30% of the energy they pay for. If we want a sustainable and resilient energy future, efficiency isn't optional. It's imperative. Customers choose trained technologies because we solve this problem at scale. Our smart systems, advanced controls, and deep service expertise allow buildings and industry to optimize their energy footprint in real time. This enables our customers to boost performance, reduce cost, and reduce emissions, and help create more resilient energy systems. When you combine this strong customer demand with our leading innovation and talented team, we are well positioned to deliver differentiated long-term value for our shareholders. Please turn to slide number four. Q3 was another strong quarter. Enterprise organic bookings grew 20% fueled by robust growth across all segments. Our commercial HVAC businesses delivered outstanding performance with global applied bookings up over 40% driving our backlog to 12.5 billion. Organic revenue grew 16% led by the Americas and with growth across all segments. Our service business, which represents about one-third of enterprise revenue, continues to be a resilient growth driver with low teens compound annual growth rate since 2020. All in, we delivered adjusted EPS growth of 25%. This includes a tax benefit of about 10 cents due to timing. Excluding this tax benefit, our underlying adjusted EPS growth is up 23%. We also delivered exceptional free cash flow, reaching $2.8 billion year-to-date. and now expect to deliver free cash flow greater than 100% of net earnings for the full year. Given our robust backlog, strong pipeline and proven execution, we are raising our full year revenue guidance and reaffirming our EPS guidance. Please turn to slide number five. Our third quarter results were driven by standout performance in the America segment. Commercial HVAC delivered exceptional bookings Upload double digits and strong organic revenues up low 20s. As expected, applied solutions revenues ramp significantly with growth exceeding 60%. Services in the Americas continues to be a key growth engine up 10%. The residential business exceeded our expectations with both bookings and organic revenues up approximately 20%. Our transport business also gained momentum with bookings up in the high 30s and revenues up high single digits. In EMEA, our performance was solid and in line with our expectations. Excluding the Middle East, segment bookings were up over 50% and revenues grew high single digits. Our team in Asia Pacific delivered strong results outside of China, with bookings in the rest of Asia up 70% and revenues up in the high teens. China now represents one-third of our Asia-Pacific segment. Now, I'd like to turn the call over to Chris. Chris?