Welcome to our dedicated page for Trane Technologies Plc news (Ticker: TT), a resource for investors and traders seeking the latest updates and insights on Trane Technologies Plc stock.
Trane Technologies plc (symbol: TT) is a leading global producer in the climate control and transportation refrigeration industry. The company manufactures and services a wide variety of HVAC (Heating, Ventilation, and Air Conditioning) systems for both commercial and residential use. Under its prominent brands, including Trane, American Standard, and Thermo King, Trane Technologies offers solutions that ensure comfort, efficiency, and sustainability.
Headquartered in Ireland, Trane Technologies generates approximately $18 billion in annual revenue, with North America accounting for over 70% of its sales. About 70% of the company's revenue comes from equipment sales, while parts and services contribute the remaining 30%.
The company is at the forefront of innovation, particularly in leveraging artificial intelligence (AI) to enhance the efficiency and performance of its climate control systems. For instance, the Trane® Autonomous Control powered by BrainBox AI® uses AI to optimize HVAC systems automatically, requiring no additional hardware. This is just one example of how Trane Technologies is leading the way in developing smarter, more efficient technologies.
Trane Technologies is deeply committed to sustainability, aiming to reduce its carbon footprint and enhance the energy efficiency of its products. Recent initiatives include the development of advanced climate control systems that can measure and respond to various environmental indicators like humidity and air quality, thanks to sophisticated AI algorithms. This not only helps in maintaining indoor comfort but also supports the broader goal of environmental sustainability.
The company's innovative strategies extend to its partnerships and collaborations. Trane Technologies works with a range of industries to integrate its advanced climate solutions, thereby broadening its impact and market reach. They also invest in future technologies to ensure their products remain adaptable and relevant as the pace of technological advancement accelerates.
Financially, Trane Technologies remains robust, continuously investing in R&D to maintain its competitive edge. The company's strong engineering expertise and commitment to innovation position it well for sustained growth and profitability.
In summary, Trane Technologies plc is a major player in the HVAC and transportation refrigeration industry, known for its innovative, sustainable, and efficient climate control solutions. It continues to lead the market through its commitment to technological advancement and sustainability.
Trane Technologies (NYSE: TT) has announced its participation in an upcoming fireside chat at the Barclays Industrial Select Conference. The company's leadership will present on Wednesday, February 19, 2025, at 9:50 a.m. EST.
Investors and interested parties can access the live webcast through the investor relations section of the Trane Technologies website. The presentation recording will remain available on the company's website for 30 days following the event.
Trane Technologies (NYSE: TT) has announced its participation in the upcoming Citi Global Industrial Tech and Mobility Conference. Company leadership will engage in a fireside chat scheduled for 10:30 a.m. EST on Tuesday, February 18, 2025.
The event will be accessible through a live webcast on the company's website at www.tranetechnologies.com in the investor relations section. Interested parties can access an archive of the webcast for 30 days after the event.
Trane Technologies (NYSE: TT) has announced the appointment of Matthew Pine, president and CEO of Xylem Inc. (NYSE: XYL), to its Board of Directors, effective April 1, 2025. Pine, who has served as Xylem's president and CEO since January 2024, brings over 25 years of experience in general management, sales, marketing, digital and product management.
Prior to his current role, Pine held positions as Xylem's Chief Operating Officer and Senior Vice President, leading the Applied Water and Measurement and Control Solutions segments. His experience includes leadership roles at United Technologies , Vestas Wind Systems, and Lennox International. Pine holds an MBA in finance from Northeastern University and a BA in marketing from the University of Alabama.
Trane Technologies (NYSE:TT) has announced a 12% increase in its quarterly dividend to $0.94 per ordinary share, equivalent to $3.76 per share annualized. The dividend will be paid on March 31, 2025, to shareholders of record as of March 7, 2025.
The company highlighted its strong financial performance, noting a free cash flow conversion of 108% of adjusted net earnings since its 2020 launch. The dividend has increased by more than 75% during this period. Trane Technologies has maintained an impressive dividend history, having paid consecutive quarterly dividends since 1919 and annual dividends since 1910.
Trane Technologies (NYSE:TT) has achieved a remarkable 6th place ranking in the 2025 JUST 100, marking its fourth consecutive year on this prestigious list. The JUST 100, compiled by JUST Capital and published with CNBC, evaluates America's largest public companies based on their commitment to workers, customers, communities, shareholders, and environmental stewardship.
The company maintained its position as the top performer in the Building Materials & Construction industry for the third consecutive year, excelling particularly in three key areas: workers, customers, and communities. Mauro Atalla, Senior Vice President and Chief Technology and Sustainability Officer, attributed this success to the company's global team's dedication to sustainability.
The recognition adds to Trane Technologies' growing list of sustainability accolades, including positions on the Corporate Knights' 2025 Global 100, the Dow Jones Sustainability World and North American Indices, and TIME's inaugural World's Best Companies for Sustainable Growth list.
Trane Technologies (NYSE:TT) reported strong fourth-quarter and full-year 2024 results. Q4 highlights include reported revenues of $4.9 billion (up 10%), GAAP operating margin up 110 bps, and adjusted continuing EPS of $2.61 (up 20%).
Full-year 2024 performance showed reported revenues of $19.8 billion (up 12%), GAAP continuing EPS of $11.35, and adjusted continuing EPS of $11.22 (up 24%). The company achieved strong free cash flow conversion of 109% and bookings of $20.3 billion (up 11%).
For 2025, Trane Technologies expects organic revenue growth of 7-8% and GAAP and adjusted continuing EPS of $12.70 to $12.90. The company maintains a robust $6.75 billion backlog entering 2025.
Trane Technologies (NYSE:TT) has achieved a significant milestone by being named to Fortune's World's Most Admired Companies list for the thirteenth consecutive year. The prestigious ranking, developed in partnership with Korn Ferry, evaluates companies across nine criteria, including investment value, management quality, product excellence, social responsibility, and talent attraction.
Dave Regnery, Chair and CEO, highlighted the company's dedication to sustainability and innovation. The company's 2030 Sustainability Commitments include two major initiatives: the Gigaton Challenge, which aims to reduce customer greenhouse gas emissions by one gigaton, and the Opportunity for All commitment, focused on promoting education and career pathways in green industries and STEM fields.
Trane Technologies (NYSE:TT) has been named to Corporate Knights' 2025 Global 100 ranking for the third time, recognizing its investments in green solutions. The company recently demonstrated its commitment to sustainability through the acquisition of BrainBox AI, whose technology can reduce energy consumption by up to 25% and greenhouse gas emissions by up to 40% in buildings through autonomous HVAC controls and AI.
The company has become the first in its industry to commit to a 40% reduction in embodied carbon through partnerships with material suppliers and circular design implementation. This commitment complements Trane Technologies' existing 2030 Sustainability Commitments and net-zero pledge for 2050.
Trane Technologies (NYSE:TT) has announced it will host a conference call to discuss its fourth quarter 2024 financial results on Thursday, January 30, 2025, at 10 a.m. ET. The company will release its earnings report and presentation before the call, making them available on their website.
A live webcast of the conference call will be accessible through the investor relations section of www.tranetechnologies.com. For those unable to attend the live event, a replay will be available on the company's website starting at approximately 1 p.m. ET on the same day.
Trane Technologies (NYSE: TT) has completed its acquisition of BrainBox AI, a leader in autonomous HVAC controls and generative AI building technology. The acquisition, initially announced on December 18, 2024, combines BrainBox AI's deep learning algorithms with Trane's advanced building management capabilities.
BrainBox AI's technology predicts building energy needs and automates HVAC systems, achieving up to 25% reduction in energy consumption and up to 40% reduction in greenhouse gas emissions. The merger aims to address growing demand for sustainable, autonomous building solutions by integrating both companies' complementary technologies and capabilities.
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