for on joining thanks, call. today's Thanks, And Zac. everyone, us
relevant At particularly world, I'd the in for our in details world, most our we the we Technologies. Northern of in particularly of to provide and Before into the business move momentarily Hemisphere. third like quarter Trane and an parts is lives, in acceleration step perspective be the both cases of we've unprecedented COVID-XX daily this why appear present, around change seeing seen the results, on to broader and back level of
we're our let space masks critical is the Overall, very and and of non-residential guard eliminate that time is the of at best can't down. phase defensive billion this of hygiene, building feet we the and pandemic, will XXX turns X.X more communal there in virus. our Over spread feet actions the trillion all weather of in and the wearing to eventually world. contain spent colder represents the of space. non-residential course a square estimate Proper in this order distancing square As and critical is and activities residential indoors, remain
an to some for health right in economies, which healthy of paramount bring with overall the of health of doubt environment of to the no sense space action quality assess to XX% developed or Importantly tenants indoor environments. environments a people there's response and new reinforces an that spend looking safety day contemplating an are every average concern. of Building need physical support. and indoors, occupant indoor all their holistic industry owners, renew air indoor and taking now, for wide standards. certainly improve the and indoor of responsibility And and spaces better Systemic actions requires is and overall the
to collaborate electricity Over a the we past Center and to external Efficiency decade and policies required XX% drive innovation, systems education formed the more for market challenges the after standards that efficient ago, enhance convene modeled experts spaces center Sustainability a and healthy to we or Energy formed deliver and and thought quarter, of leadership, HVAC for internal over already at all we're the communication building's and facing. meet and future present total and demand.
impact for electrical energy strategies represents building for a costs increase quality and air of a in demand can XX%. indoor efficiency, many that know negative significant energy by owners. This XX% to further enhancements challenge have we While
overall the more to broad-based the customers controls, overall conservation help ways our energy we raise critical HVAC as normal. carbon to So efficient through take Trane additional of new of can their implementation system's we measures better air demand. Technologies, a of we energy which is part and quality to increasing emissions want we creating on mitigate economic spaces, the of indoor be through consequences is behalf, that the find that critical impact offsetting At unintended to systems
quo thrive, our when create the stork challenge where by and putting Trane action ambitious a normal our to foundational world. company, the by change a protected to generations. the where lead and a in taking industry is communities the new quality We environment future will for status Technologies ground setting stake that and will and We're commitments is example,
to X the because our equivalent our and committed of or year size to we reducing that's the ethnic emissions. billion by also X X% leadership parity scale, global to Our company tons with To idea on customers' all companies We're XXXX, us, achieve bend join carbon can creating and Gigaton annual reflective XXXX. our curve give gender warming. of and Challenge and goal other world's by of is alone, diversity metric for by the racial gigaton that opportunity the communities. committed just about an to emissions you That's
for Setting year in our other last has change bold that plans transformation another for Trane for Our of planning, shareholders normal analysis culminated against new world one the needs team, and action, all commitment exhibited a team the better around that the blueprint May, creating plan in new and and is decade. has of how our approximately and executing example talented passion we're customers Technologies our after marked
opportunities Our for blue our new and normal, to up. them, emissions turned healthy need are people accessible create to and goal who where skies turned is a down food, medicines simple, moved all water
we and for returns business of transformed for things those as challenges Our these complex shareholders. differentiated positioning right our purpose, climate With fit pressing innovator, making and intersection the focused tackle unique drive sits happen. can at and a
lives. COVID to call XX attest. to Moving today this everyone X, daily pandemic to of our every can Slide global challenges The as to continues ongoing present aspect listening virtually
much recovery the us. is As duration and of made very with of regarding progress the downturn, speed ago still contemplating all were the months shape much and we've and the questions depth the
and the might trajectory of timing, the While landscape mass capabilities effectively promising the there are in that open to remain needs financial change markets challenges, the revenue meet our expansion, end evolving strong of shareholders third pandemic margin EPS delivering for and ongoing focused and vaccines our Despite growth, these exceptional results navigating customers growth, quarter. process several go robust in growth, strong our distribution cash questions. radically positive remain strong agile, availability, to broadly, We teams bookings deliver and outperformed flow. free our
XXXX and to income we along outlook only again of gives performance we outperform for prior our and down do and expect outlook XXXX well. leverage, down current our in of outlook and to strong that confidence XX%, revenues XX% significantly for expect quarter raising But for with revenues our X% Continued some operating fourth also outlook improvement once as roughly well. us EBITDA see as to a the raise
for course X% Assuming be speed comps despite to tough the business down weakness revenues American current the markets. and global of economic and quarter transport continued in just we HVAC fourth recovery, the North expect global
improved have in for than expectations we better based quarter in to gross on execution. levels outlook XXXX four for margin deleverage strong Additionally, continued
Our XXXX. to prior gross the for XX% low range deleverage outlook margin was for
programs third take the of expect investments and the stronger new opportunities high as to fourth quarter. to and conditions business aggressive We levels emerge thrive quarter, growth continue develop. further in maintain and to throughout and improve to and accelerate We actions reinvestment business innovation our
to and strong XXXX. to in flow order as to more reduction in on slate deliver core and We our solutions. accelerate business track delivered in position. both year as liquidity the investments the storage strong and accelerate remain strong our cash IAQ chain a balance and of a initiatives high XXXX projects well opportunities first very half We We other have line course bottom in ROI these stranded costs in cost new We've set and XXXX financial deliver savings. to a and cold free we are sheet savings fixed
capital strategy balanced pause economic capital course all global of play in will to third elements third will optionality. quarter current into preservation strong this elements through a time. on positioned the of quarter allocation You of performance capital favor probably and bring recovery the balanced back speed a allocation strategy the of at well Exiting and based our
excel strategy elevated work world, core trends financial shareholders. sustainability us powers these sustainable We the the every a world the at need And ensure a of to Our redefining energy unchanged. are becoming for differentiated addressing in. for possible remains now passion tier increasing and these safety and our challenging of standard returns live and environments what we is deliver higher what megatrends normal. top the performance efficiency and day. Secular and with This health for are megatrends pressing forward considers more to
Dave? I performance over discuss to in to our quarter. call turn Dave Now the to bookings revenue and like the