Trane Technologies plc

Trane Technologies Plc is a global climate innovator, which engages in providing efficient and sustainable climate solutions to buildings, homes, and transportation. Its strategic brands include Trane and Thermo King. It operates through the following segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions in North America and Latin America regions. The EMEA segment encompasses heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions in Europe, Middle East, and Africa regions. The Asia Pacific segment encompasses heating and cooling systems, services and solutions for commercial buildings and transport refrigeration systems and solutions in Asia Pacific region. The company was founded in 1871 and is headquartered in Swords, Ireland.

Earnings data Q1 2021

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Trane Technologies excels in 2022, poised for continued growth

Trane Technologies' strong 2022 performance, driven by organic revenue growth and a focus on innovation, positions the company for continued success in 2023. With a strategic capital allocation plan, emphasis on market outperformance, and investments in key growth areas, Trane is poised to deliver differentiated shareholder returns. Challenges in supply chain management are being addressed to ensure sustained growth and customer satisfaction.

Trane Technologies excels in Q1, eyes carbon reduction and tech innovation

Trane Technologies' Q1 performance reflects strong financial metrics, a purpose-driven approach to sustainability, and a focus on innovation. Despite challenges in certain business segments and regions, the company's strategic investments and positive market outlook position it well for continued growth and profitability.

Trane Technologies excels in Q2, eyes sustainable growth opportunities

Trane Technologies' strong Q2 performance, strategic focus on sustainability, and robust backlog position the company for continued growth.
Challenges include moderating price benefits, labor market impacts, and transitioning to new refrigerants, but opportunities in technology acquisitions and cooling solutions abound.
Balanced capital deployment, strong revenue growth, and a resilient portfolio underscore Trane Technologies' resilience and long-term potential.
With a clear vision for a sustainable world, Trane Technologies navigates challenges and seizes opportunities to drive growth and innovation.

Trane Technologies reports strong Q3 results and eyes sustainable growth

Trane Technologies' Q3 2023 showcased robust performance, strategic strengths, some challenges, and promising opportunities for future growth.
The company's focus on sustainability, innovation, and customer relationships underpins its strong financial results and outlook.
Despite certain challenges like pricing pressures and refrigerant transitions, Trane Technologies remains well-positioned for continued success.
Overall, Trane Technologies' performance, backed by a solid strategy and market positioning, bodes well for sustained growth and shareholder returns.

Trane Technologies excels in Q4, eyes growth amidst sector challenges

Trane Technologies' Q4 performance showcases resilience amidst challenges, with a focus on sustainability, innovation, and growth. The company anticipates strong financial results in 2024, balancing sector impacts with strategic investments and a commitment to sustainability.

Trane Technologies excels in Q1 2024, eyes growth opportunities

Trane Technologies' Q1 2024 performance reflects strong growth, particularly in commercial HVAC and services.
Strategic focus on sustainability, innovation, and balanced capital allocation underpin the company's success.
Challenges in residential business growth and applied systems complexity require attention for sustained performance.
Opportunities lie in continued investments, data center solutions, services attachment rate, and strategic acquisitions.

Trane Technologies reports record Q2 bookings and raises full-year guidance

Trane Technologies' Q2 performance reflects strong growth in bookings and revenues, particularly in the Americas. While facing challenges in certain regions, the company remains optimistic about its full-year outlook and is committed to sustainable strategies and investments.

Trane Technologies excels in Q3 2024, eyes growth opportunities

Trane Technologies' Q3 2024 performance reflects strong growth driven by a purpose-driven strategy and operational excellence.
While challenges exist in market dynamics and policy impacts, the company's focus on innovation and strategic investments positions it well for future growth.
Opportunities for expansion and market leadership through raised guidance and sustainable solutions highlight a positive outlook for Trane Technologies.

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Trane Technologies Plc engages in providing solutions to buildings, homes, and transportation. It operates through the following business segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions, residential heating and cooling, and transport refrigeration systems, and solutions in North America and Latin America regions. The EMEA segment includes heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions in Europe, Middle East, and Africa regions. The Asia Pacific segment is involved in heating and cooling systems, services and solutions for commercial buildings and transport refrigeration systems and solutions in Asia Pacific region. The company was founded in 1871 and is headquartered in Swords, Ireland.

SWORDS, Ireland--(BUSINESS WIRE)--Thermo King, a brand of global climate innovator Trane Technologies (NYSE:TT) announced today that its state-of-the-art Thermo King® manufacturing production line in Galway, Ireland, was awarded the ISO 14064-1 (Carbon Neutrality) certification from the National Standards Authority of Ireland (NSAI), the first in the country and one of the first in Europe. The recognition demonstrates the company's path towards their 2030 Sustainability Commitments, which inclu

Trane Technologies' Thermo King Manufacturing Production Line is Among the First in Europe to be ISO-Certified as Carbon Neutral

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced that its Board of Directors has appointed Gary Forsee, retired chair and CEO of Sprint Nextel Corporation and former president of the University of Missouri System, as lead independent director, effective immediately. “As lead independent director, Gary will offer strategic insights, guidance and expertise on governance matters as we create long-term value for all our stakeholders,” said

Trane Technologies Board of Directors Appoints Gary Forsee as Lead Independent Director; Dick Swift Retires After 26 Years of Board Service

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced that Dave Regnery, current president and chief operating officer, has been named chief executive officer and will join the Board of Directors. He succeeds Mike Lamach, who will serve as executive chair of the Board until his planned retirement from the company sometime in the first half of 2022. These changes are effective July 1, 2021. “Dave Regnery is the clear choice to lead Trane Tec

Trane Technologies Appoints Dave Regnery as Chief Executive Officer; Mike Lamach to Serve as Executive Chair Through Transition

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, held its 2021 Annual General Meeting of shareholders in Davidson, North Carolina. During the Annual General Meeting, the company's shareholders considered six proposals: nominations to re-elect 12 members of Trane Technologies' Board of Directors; advisory approval of the compensation of the company's named executive officers; appointment of independent auditors and authorization of the Audit Committ

Trane Technologies Reports Results of Voting from 2021 Annual General Meeting, Declares Quarterly Dividend

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) a global climate innovator, announced today that company leadership will participate in a virtual fireside chat at the Morgan Stanley Sustainable Futures Virtual Conference. They will speak at 2:45 PM ET on Wednesday, June 9, 2021. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available for 30 days follow

Trane Technologies to Present at the Morgan Stanley Sustainable Futures Virtual Conference

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) a global climate innovator, announced today that company leadership will participate in a virtual fireside chat at the UBS Global Industrials and Transportation Virtual Conference. They will speak at 11:00 AM ET on Tuesday, June 8, 2021. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available for 30 days

Trane Technologies to Present at the UBS Global Industrials and Transportation Virtual Conference

LENEXA, Kan., May 26, 2021 /PRNewswire/ -- Synexis today announced the appointment of Karin De Bondt to the Synexis board of directors, effective immediately.

Synexis Names Trane Technologies Executive as New Appointee to Board of Directors

IRVING, Texas, May 20, 2021 /PRNewswire/ -- Service Fusion, a leading provider of field service management (FSM) software, announced today its plans to improve and automate the dealer experience via a multi-phase integration with Trane® Residential and American Standard® Heating and Air Conditioning, leading global providers of indoor comfort solutions and services. This collaboration will drive increased operational efficiencies, improved communications, and better overall experience for home service contractors and their customers.

Service Fusion Expands Partnership with HVAC Leaders Trane and American Standard via Integration Agreement

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, recently earned three prestigious rankings: Forbes ‘America's Best Employers for Diversity', Financial Times ‘Europe's Climate Leaders 2021', and 3BL Media's ‘100 Best Corporate Citizens of 2021.' Inclusion on these rankings recognize the company's significant contributions towards diversity, equity and inclusion (DEI) in the workplace, and outstanding sustainability performance. “Last year, we launc

Trane Technologies Recognized by Forbes, Financial Times and 3BL Media for Leadership in Environmental, Social and Governance (ESG) Performance

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, announced today that it has launched Sustainable Futures, a multiyear corporate citizenship strategy to expand underrepresented students' access to Science, Technology, Engineering and Math (STEM) education, support healthy classrooms, and promote skill building for green careers. As part of its 2030 Sustainability Commitments, the company is committing $100 million and 500,000 volunteer hours to the ef

Trane Technologies Commits $100 Million and 500,000 Volunteer Hours to Building Sustainable Futures for Underrepresented Populations

LENEXA, Kan., May 18, 2021 /PRNewswire/ -- Synexis® LLC today announced it is expanding its strategic relationship with Trane® – by Trane Technologies (NYSE: TT).

Synexis® and Trane® Expand Strategic Relationship

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SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) a global climate innovator, announced today that company leadership will participate in a virtual fireside chat at the Wolfe Industrials Virtual Conference. They will speak at 2:00 PM ET on Wednesday, May 26, 2021. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available 30 days following the event. About

Trane Technologies to Present at the Wolfe Industrials Virtual Conference

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Trane Technologies (TT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Trane Technologies (TT) Hits Fresh High: Is There Still Room to Run?

Trane Technologies plc (TT) CEO Mike Lamach on Q1 2021 Results - Earnings Call Transcript

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, announced today that it has revised its executive and senior leader incentive plan to link directly to Environmental, Social and Governance (ESG) metrics that align with the company's bold 2030 Sustainability Commitments. The company's revised annual incentive plan, which starts this year, holds top executives and approximately 2,300 company leaders accountable for meeting the company's ambitious social

Trane Technologies Ties ESG Metrics to Executive and Employee Compensation as it Accelerates Bold 2030 Sustainability Commitments

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $0.96 for the first quarter of 2021. Adjusted continuing EPS was $1.01, up 135 percent, which excludes $14.7 million related to planned restructuring and transformation costs. First-Quarter 2021 Results Financial Comparisons - First-Quarter Continuing Operations $, millions except EPS Q1 2021 Q1 2020 Y-O-Y Change Organic Y-

Trane Technologies Reports Strong First-Quarter 2021 Results; Raises Full-Year Revenue and EPS Guidance

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) a global climate innovator, announced today that company leadership will participate in a virtual fireside chat at the Goldman Sachs 2021 Industrials & Materials Conference. They will speak at 10:30 AM ET on Wednesday, May 12, 2021. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available 30 days follo

Trane Technologies to Present at the Goldman Sachs 2021 Industrials & Materials Virtual Conference

SWORDS, Ireland--(BUSINESS WIRE)--To help improve public transit safety and support economic recovery, Thermo King, a strategic brand of global climate innovator Trane Technologies (NYSE: TT), has launched a new air purification solution for buses that continuously purifies the air while the bus is in operation. Thermo King's Air Purification Solution has been independently tested and proven to be 98% effective in deactivating certain viruses, including a surrogate for the virus that causes COV

Trane Technologies Launches Air Purification System for Public Buses: 98% Effective in Deactivating Surrogate for Virus That Causes COVID-19*

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its first quarter 2021 financial results on Wednesday, May 5, 2021, at 10 a.m. ET. The company will issue its first quarter earnings release and earnings presentation in advance of the call; both will be available on the Trane Technologies website. A real-time, listen-only webcast of the conference call will be broadcast live over the internet. Individuals wishi

Trane Technologies Schedules First Quarter 2021 Earnings Conference Call

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SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, announced today that it plans to cut its product carbon emissions by nearly 50% by 2030, and that its ambitious emissions reduction targets have been validated by the Science Based Targets Initiative (SBTi). Cutting product emissions in half over the next decade supports Trane Technologies' 2030 Sustainability Commitments, including its Gigaton Challenge to reduce customer emissions by one billion metri

Trane Technologies Plans to Cut Product Carbon Emissions in Half by 2030, Supporting the Paris Agreement Goal of Net-Zero Emissions by 2050

SWORDS, Ireland--(BUSINESS WIRE)--Global climate innovator Trane Technologies (NYSE: TT) continues to advance its Gigaton Challenge, a commitment to reduce customers' carbon footprint by one gigaton of CO2 by 2030, with further electrification of Thermo King's sustainable transport temperature control solutions. The company announced that Thermo King's fully electric, zero-emission E-200 refrigeration unit for small trucks is now available to customers in the United States. Ideal for last mile

Trane Technologies Advances Decarbonization with New, Fully Electric Refrigerated Transport Solution

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) a global climate innovator, announced today that company leadership will participate in a virtual fireside chat at the J.P. Morgan 2021 Industrials Conference. They will speak at 3:40 PM ET on Tuesday, March 16, 2021. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available 30 days following the event. Abo

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