Trane Technologies (TT) topped analyst expectations in its third quarter results, delivering strong performance on both revenue and earnings. The company reported revenue of $5.44 billion, surpassing Wall Street's estimate of $5.32 billion, while adjusted earnings per share reached $3.37, above the expected $3.24. Josh Lipton and Julie Hyman spoke with Trane Technologies CEO David Regnery about these numbers.

"We had a very strong quarter," Regnery tells Market Domination, noting the company's 11% revenue growth and 21% increase in earnings per share.

However, Regnery acknowledges challenges in the Chinese market, saying, "It had a tough quarter. Certainly, the markets there are a bit depressed." He also mentions that the company had tightened credit markets in the region as a precautionary measure. Despite these headwinds in China, Regnery emphasized that Trane "performed very, very well" during the quarter. China is "4% of our total revenue, a very small portion of our business."

"Our best days are really in front of us," Regnery tells Yahoo Finance, expressing optimism about the company's growth prospects.

Regnery highlights a significant opportunity in the HVAC business, noting that "most buildings are operating about 30% inefficient, meaning that 30% of the energy after the meter is being wasted." This inefficiency represents an opportunity for Trane Technologies to help customers optimize their energy usage to ensure that buildings and their HVAC assets are "performing the way it was designed."

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This post was written by Angel Smith