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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) reported a significant rise in Q1 2021 earnings, with diluted EPS from continuing operations at $0.96 and adjusted EPS at $1.01, a 135% increase year-over-year. Total bookings surged 34% to $4.13 billion, while net revenues rose 14% to $3.02 billion. GAAP operating income jumped 129%, achieving an operating margin of 11.7%. The company raised its full-year guidance, anticipating a revenue growth of approximately 10.5% and adjusted EPS around $6.00. Strong performance across all segments highlights Trane's commitment to sustainability and innovation.
Trane Technologies (NYSE: TT) announced its participation in a virtual fireside chat at the Goldman Sachs 2021 Industrials & Materials Conference. Scheduled for May 12, 2021, at 10:30 AM ET, the event will feature company leadership discussing climate innovation and sustainability. Interested parties can access the live webcast on Trane Technologies' website under the investor relations section. The recording will be available for 30 days after the event.
Thermo King, a brand of Trane Technologies (NYSE: TT), has launched a new air purification solution designed for buses, aiming to enhance public transit safety and support economic recovery. This system is proven to deactivate 98% of certain viruses, including those similar to COVID-19. The solution integrates with bus HVAC units, utilizing advanced graphene-enhanced technology to purify air without harmful byproducts. As public transport ridership recovers, the product aims to instill confidence among commuters, aiding in economic mobility and reducing carbon footprints.
Trane Technologies (NYSE:TT) will host a conference call on May 5, 2021, at 10 a.m. ET to discuss its first-quarter 2021 financial results. The earnings release and presentation will be available before the call on the company's website. A live webcast of the call can be accessed online, with a replay made available later that day. Trane Technologies is recognized as a global climate innovator, offering sustainable solutions through its Trane and Thermo King brands.
Trane Technologies plc (NYSE:TT) has declared a quarterly dividend of $0.59 per share, payable on June 30, 2021, to shareholders on record as of June 4, 2021. This dividend declaration highlights the company’s long-standing commitment to returning value to shareholders, having paid cash dividends consecutively since 1919 and maintaining annual dividends since 1910.
Trane Technologies (NYSE: TT) announces the launch of Thermo King’s E-200, a fully electric refrigeration unit for small trucks, aimed at reducing carbon footprints. Targeted for last mile delivery of perishables, the E-200 is already in use by customers like Gatik and Tesco. With a strategic commitment to sustainability, Trane aims to cut customer greenhouse gas emissions by one gigaton by 2030. The E-200 features smart technology, silent operation, and is ideal for both engine-powered and electric fleets. This innovation enhances the company’s position in the growing demand for sustainable transport solutions.
Trane Technologies plc (NYSE: TT) announced participation in the J.P. Morgan 2021 Industrials Conference, with leadership scheduled to speak at 3:40 PM ET on March 16, 2021. The event will be accessible via live webcast on the company’s website under the investor relations section. An archived version will be available for 30 days post-event.
Trane Technologies focuses on delivering efficient and sustainable climate solutions through its brands, Trane and Thermo King, and its environmentally responsible product portfolio.
Trane Technologies (NYSE: TT) announced that its leadership will participate in a virtual fireside chat at the 2021 Bank of America Global Industrials Conference. This event is scheduled for March 18, 2021, at 12:30 PM ET. The live webcast will be accessible on Trane Technologies' website under investor relations, with an archive available for 30 days post-event. As a global climate innovator, Trane Technologies focuses on efficient and sustainable solutions through its strategic brands, Trane and Thermo King.
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