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Market commentary Apr 2008 Verified

Trane commercial momentum offsets weaker residential market

Trane reports continued growth in its commercial HVAC business while experiencing challenging residential market conditions, with residential sales outpacing the broader market.

“We saw continued growth in the commercial part of our business, with strong service sales and our broad global presence driving results. We continued to experience challenging residential conditions, although our residential sales outpaced the market.”

Entities

Trane Inc. · Mentioned
HVAC Sentiment: Mixed

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.