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 (NYSE: TT) is frequently described in its public communications as a global climate innovator, and its news flow reflects that positioning. Company announcements highlight activities across heating, cooling and ventilation systems, transport refrigeration, sustainability initiatives, and advanced digital and AI-enabled climate solutions for buildings, homes and transportation.
Visitors to this news page can review press releases and updates where Trane Technologies discusses quarterly financial results, capital deployment and segment performance across its Americas, EMEA and Asia Pacific segments. These updates often describe trends in commercial HVAC, residential heating and cooling, and transport refrigeration systems and solutions, as well as bookings, revenues and margins.
News items also cover Trane Technologies’ sustainability and circularity efforts. The company has announced circularity impact metrics tied to generating revenue from circular products and services and increasing the use of circular materials, and it links these metrics to broader 2030 Sustainability Commitments, a pledge to reduce customer greenhouse gas emissions by one gigaton, and a pledge to be net-zero by 2050.
Another recurring theme in Trane Technologies’ news is its role in data center thermal management and digital innovation. Recent releases describe an agreement to acquire the Stellar Energy Digital business, a provider of turnkey liquid-to-chip data center cooling solutions, and the launch of a thermal management system reference design for NVIDIA Omniverse DSX Blueprint for gigawatt-scale AI data centers. The company has also reported on projects using BrainBox AI technology, acquired by Trane Technologies, to optimize HVAC systems and reduce energy use and emissions in collaboration with Amazon and AWS.
By following the TT news feed, readers can track how Trane Technologies communicates its financial performance, strategic acquisitions, climate and circularity initiatives, and partnerships in areas such as AI-enabled building optimization and data center cooling.
Trane Technologies (NYSE: TT) will engage in a fireside chat at the Bank of America Global Industrials Conference on March 15, 2022, at 10:35 a.m. GMT (6:35 a.m. ET). This event will be streamed live on the company's website, with an archive available for 30 days post-event. As a global climate innovator, Trane Technologies focuses on delivering sustainable climate solutions through its brands Trane® and Thermo King®. For more information, visit tranetechnologies.com.
Trane Technologies plc (NYSE: TT) will participate in a fireside chat at the J.P. Morgan Industrials Conference on Thursday, March 17, 2022, at 11:20 a.m. ET. The event will be available via a live webcast on the company's website under the investor relations section. An archived version of the webcast will be accessible for 30 days post-event. Trane Technologies is recognized as a global climate innovator, offering sustainable solutions through its brands, Trane® and Thermo King®.
Trane Technologies (NYSE:TT) has joined the U.S. Department of Energy's Better Climate Challenge, aligning with its 2030 Sustainability Commitments, which target carbon neutrality and a 10% energy reduction. During an Executive Roundtable, Keith Sultana emphasized commitment to decarbonizing emissions. The company previously halved its operational carbon emissions and aims for a further 50% reduction. Trane is one of over 50 partners involved in this initiative, promoting ambitious greenhouse gas emission goals.
Trane Technologies (NYSE: TT), a leader in climate innovation, announced their participation in the Barclays Industrial Select Conference on February 24, 2022, at 10:55 AM ET. Company leadership will engage in a fireside chat. The event will be accessible via a livestream on their website, with an archived version available for 30 days post-event. Trane Technologies focuses on sustainable climate solutions through their brands Trane® and Thermo King®, offering efficient products and services for buildings, homes, and transportation.
Trane Technologies (NYSE: TT) announced participation in a fireside chat at Citi’s 2022 Global Industrial Tech and Mobility Conference. The event is scheduled for 11:20 AM ET on February 23, 2022. Investors and interested parties can access the live webcast via the Trane Technologies website under the investor relations section. An archived version will be available for 30 days post-event, highlighting the company's commitment to sustainable climate solutions.
The Board of Directors of Trane Technologies (NYSE:TT) declared a quarterly dividend of $0.67 per share, reflecting a 14% increase, with an annualized sum of $2.68. The dividend is payable on March 31, 2022, to shareholders of record as of March 4, 2022. Additionally, a new $3 billion share repurchase program was authorized, to start after the completion of the existing $2 billion program. The company has consistently paid dividends since 1919, emphasizing its confident financial position and commitment to returning value to shareholders.
Trane Technologies (TT) reported impressive financial results for Q4 2021, highlighting record bookings of $4.1 billion, a 28% increase, with total revenues reaching $3.6 billion, up 12%. Adjusted EPS rose 32% to $1.36. The full-year 2021 results also showed record bookings of $16.8 billion and revenues of $14.1 billion. The company’s GAAP operating margin improved by 200 basis points, with a significant backlog of $5.4 billion for future growth. The outlook for 2022 remains strong with projected adjusted EPS growth of 14% to 17%.
Trane Technologies has been recognized as one of America’s Most JUST Companies for the fifth consecutive year, ranking second in the building materials and packaging sector. The company climbed 67 spots from the previous year, highlighting its commitment to employees, community, and environmental sustainability. It also received high marks from the CDP Global Climate Change Report, demonstrating strong management in carbon reduction efforts. Trane's 2030 Sustainability Commitments aim to cut customer emissions by a billion metric tons and achieve gender parity in leadership.
Trane Technologies (NYSE: TT) has announced a significant industry shift by making lower global warming potential (GWP) refrigerants standard in their truck and trailer units. This transition is expected to avoid approximately 650,000 metric tons of CO2e emissions annually, equivalent to the emissions of 143,000 passenger vehicles. The new refrigerants will be included in Thermo King's Precedent® trailer portfolio starting January 2022, with truck products following mid-2022. This change positions the company ahead of upcoming regulations by the California Air Resources Board.
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