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 plc (NYSE:TT) has announced a 12% increase in its quarterly dividend, raising it from
Trane Technologies has consistently paid dividends since 1919.
Trane Technologies plc (NYSE: TT), a leader in global climate innovation, will participate in a fireside chat at the Barclays Industrial Select Conference. The event is scheduled for 9:45 a.m. EST on Thursday, February 23, 2023. Interested parties can access the live webcast through the Trane Technologies website under the investor relations section. An archived version of the webcast will be available for 30 days after the event. Trane Technologies focuses on environmentally responsible solutions through its brands, Trane® and Thermo King®, offering efficient climate solutions for buildings, homes, and transportation.
Trane Technologies plc (NYSE: TT), a global climate innovator, announced its leadership will participate in a fireside chat at the Citi Global Industrial Tech and Mobility Conference. This event is scheduled for 11:20 a.m. EST on Wednesday, February 22, 2023. The live webcast can be accessed on the Trane Technologies website under the investor relations section. An archive of the webcast will be available for 30 days post-event. Trane Technologies focuses on providing efficient and sustainable climate solutions through its strategic brands, Trane® and Thermo King®.
Trane Technologies (NYSE:TT) reported robust fourth-quarter 2022 results, with revenues reaching $4.1 billion, a 14% increase year-over-year. Adjusted earnings per share (EPS) rose 34% to $1.82. Bookings totaled $4.0 billion, a 2% decline, while the backlog increased 27% to $6.9 billion. For the full year, revenues were $16.0 billion (+13%), with adjusted EPS climbing 21% to $7.36. The company aims for 2023 revenue growth of 7% to 9% and adjusted EPS between $8.20 and $8.50.
Trane Technologies (NYSE:TT) will host a conference call on February 2, 2023, at 10 a.m. ET to discuss its fourth quarter financial results. The earnings release and presentation will be available prior to the call on the company's website. A live webcast of the call will be accessible online, and a replay will be available at approximately 1 p.m. ET on the same day. Trane Technologies is known for its innovative climate solutions through brands like Trane® and Thermo King®.
Trane Technologies (NYSE: TT) is set to showcase its innovative HVAC systems at the Consumer Electronics Show from January 5-8 in Las Vegas, NV. As a founding member of the Home Connectivity Alliance, the company will highlight the first digital solutions in the HVAC industry to integrate seamlessly with smart home devices. This initiative aims to enhance energy efficiency and user experience while paving the way for connected home energy management.
Additionally, Trane recently launched Trane Link and American Standard Link, improving HVAC service efficiency through real-time data sharing.
Trane Technologies (NYSE: TT) has achieved a significant milestone in sustainability with the installation of an electrified Thermal Management System at its Charmes, France facility. This system uses innovative heat pump technology to provide all-electric heating and cooling, expected to reduce 1,800 metric tons of carbon emissions annually—equivalent to powering nearly 230 homes for a year. The facility is already recognized for its sustainability efforts, achieving zero waste to landfill and reducing water consumption by 63% since 2019.
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