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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Earnings data Q3 2023

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Earnings data Q4 2024

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.

Trane Technologies plc (TT) CEO David Regnery on Q3 2021 Results - Earnings Call Transcript

Trane Technologies' (TT) third-quarter 2021 earnings and revenues improve year over year.

Trane Technologies (TT) Q3 Earnings Miss Estimates, Up Y/Y

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today was named one of the first recipients of the Terra Carta Seal for sustainability leadership by HRH The Prince of Wales at an event held in conjunction with the U.N. Climate Change Conference of the Parties (COP26). The inaugural 2021 Terra Carta Seal is part of the Sustainable Markets Initiative and recognizes global companies that are driving innovation and demonstrating commitment and momentum t

Trane Technologies Honored by HRH The Prince of Wales with 2021 Inaugural Terra Carta Seal for Sustainability Leadership

Trane Technologies PLC (NYSE: TT) reported third-quarter revenue growth of 6% year-over-year to $3.72 billion, missing the consensus of $3.78 billion. Organic sales growth was 4%.

Trane Technologies Clocks 6% Revenue Growth In Q3, Misses Consensus; Reaffirms FY21 Outlook

Trane Technologies (TT) delivered earnings and revenue surprises of -3.23% and -2.03%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Trane Technologies (TT) Q3 Earnings and Revenues Miss Estimates

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $1.73 for the third quarter of 2021. Adjusted continuing EPS was $1.80, up 5 percent, which excludes $21.5 million related primarily to transformation and other restructuring costs. Third-Quarter 2021 Results Financial Comparisons - Third-Quarter Continuing Operations $, millions except EPS Q3 2021 Q3 2020 Y-O-Y Change Orga

Trane Technologies Reports Third-Quarter 2021 Results, Reaffirms 2021 Guidance

Trane Technologies' (TT) third-quarter 2021 earnings and revenues are likely to have increased year over year.

What's in Store for Trane Technologies (TT) in Q3 Earnings?

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE:TT), a global climate innovator in heating, ventilation and air conditioning (HVAC) and transport refrigeration, has reaffirmed its commitment to net-zero emissions at the 2021 United Nations Climate Change Conference of Parties (COP26). As part of both the United Nations Framework Convention on Climate Change (UNFCCC) Race to Zero campaign and the Science Based Targets initiatives (SBTi) Business Ambition for 1.5°C, Trane Technologies

Trane Technologies Announces Net-Zero Ambition In Line With UNFCCC “Race to Zero”

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RKT or TT: Which Is the Better Value Stock Right Now?

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, has been named the winner of the Business Transformation Award, as announced at this year's Reuters Responsible Business Awards event. The award recognizes the company for having a business model in line with a clean, resilient and just future. Trane Technologies has long been an industry leader in sustainability, and in 2020 spun-off its industrial businesses to focus on climate innovation. The comp

Trane Technologies Wins Reuters 2021 Responsible Business Award for Business Transformation

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, has completed the acquisition of Farrar Scientific, which the company announced in a press release on September 13, 2021. Farrar Scientific is a critical supplier for bioscience and biopharmaceutical customers that provides proprietary technology to fill an unmet need for flexible, modular, and efficient ultra-low temperature processing and storage, including cooling and heating/thawing. “We are delight

Trane Technologies Completes Acquisition of Farrar Scientific, a Leader in Ultra-Low Temperature Control

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT) – a global climate innovator – is making it easier to understand and optimize home comfort, including the quality of air in your home. “The COVID-19 pandemic has made many of us rethink the air we breathe indoors,” said Jason Bingham, president of Trane Technologies' Residential HVAC business. “An important aspect of helping people feel safe indoors is alleviating airborne health risks, especially those related to viruses, bacteria

How Clean is Your Air, Really?

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its third quarter 2021 financial results on Wednesday, November 3, 2021, at 10 a.m. ET. The company will issue its third 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

Trane Technologies Schedules Third Quarter 2021 Earnings Conference Call

DENVER, Oct. 1, 2021 /PRNewswire/ -- Trane Technologies (NYSE: TT), a global climate innovator, continues to demonstrate that healthy, happy employees are a top priority. Welltok proudly congratulates its client Trane Technologies for winning a Gold Stevie® Award for Great Employers with the Be Well platform, which makes it easy and rewarding for employees to focus on their wellbeing.

Trane Technologies Wins Gold Stevie Award for Great Employers by Focusing on Employee Wellbeing

Trane Technologies PLC (NYSE: TT) has agreed to acquire  Farrar Scientific for a total transaction value of up to $365 million, including a $250 million consideration upfront and a $115 million in additional payout potential. Farrar Scientific is a provider of ultra-low temperature control for biopharmaceutical and other life science applications.

Trane Technologies To Acquire Farrar Scientific For Total Up To $365M

SWORDS, Ireland--(BUSINESS WIRE)-- #challengepossible--Trane Technologies to acquire Farrar Scientific.

Trane Technologies to Acquire Farrar Scientific, a Leader in Ultra-Low Temperature Control for Biopharmaceutical and other Life Science Industries

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, has been named to the Fortune 2021 list of the Best Workplaces in Manufacturing & Production. The list is based on more than 220,000 employee surveys conducted by Great Place to Work, a global authority on workplace culture. The survey captures overall employee experience, including sentiment about growth and development, as well as company values, innovation and leader effectiveness. “Our people

Trane Technologies Named One of the Best Workplaces in Manufacturing & Production by Fortune and Great Place to Work®

Trane Technologies (TT) reported earnings 30 days ago. What's next for the stock?

Trane Technologies (TT) Up 2.9% Since Last Earnings Report: Can It Continue?

SWORDS, Ireland--(BUSINESS WIRE)--Trane® by Trane Technologies (NYSE: TT), a global climate innovator, has launched the “K-12 Playbook,” a new online resource center for parents and schools to help them create a more comfortable and efficient classroom environment for millions of children in the U.S. this school year. Trane also introduced its “Get Smart” webinar and podcast series featuring the nation's foremost authorities on school environments, including scientists, school administrators, e

Trane® Launches K-12 Playbook and “Get Smart” Webcast Series to Help Parents and Schools Create Healthier, More Efficient Classrooms

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 Laguna Conference. They will speak at 11:15 AM ET on Tuesday, September 14, 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 following the event. A

Trane Technologies to Present at the Virtual Morgan Stanley Laguna Conference

WESTWOOD, Mass., Aug. 31, 2021 /PRNewswire/ -- enVerid Systems, a leading provider of indoor air quality (IAQ) and energy efficiency solutions, announced today that its enVerid Air Purifier will be sold by Trane by Trane Technologies™ (NYSE: TT) as part of Trane's Wellsphere™ Indoor Environmental Quality (IEQ) solutions portfolio.

enVerid Systems HEPA Air Purifier Added to Trane Wellsphere Indoor Air Quality Solutions Portfolio

SWORDS, Ireland--(BUSINESS WIRE)-- #challengepossible--Thermo King has announced that it will invest $100 million over the next three years in its all-electric net-zero emissions cold chain portfolio.

Trane Technologies' Thermo King Will Deliver All-Electric, Zero-Emission Solutions for End-to-End Cold Chain by 2023

Trane Technologies (TT) prioritizes improving its business operating system and innovation through transformation initiatives and investments.

Reasons to Hold Trane Technologies (TT) Stock in Your Portfolio

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, has been named to Forbes list of The Best Employers for Women in 2021. This is the first time the company made Forbes' prestigious list under the Trane Technologies name. The list ranks the top 300 employers most preferred by female workers based on those surveyed, and also factors in board and executive management gender representation and gender diversity initiatives. The company ranked third among

Trane Technologies Named One of The Best Employers for Women by Forbes

Trane Technologies PLC (NYSE: TT) and Nexii Building Solutions Inc. (Nexii) have collaborated to create sustainable commercial buildings with significantly reduced carbon footprints.  The financial terms of the deal were not disclosed.

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