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 (TT) delivers innovative climate solutions through its HVAC systems and transport refrigeration technologies. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and sustainability initiatives.
Access real-time announcements including earnings reports, product innovations, and strategic partnerships. Our curated collection ensures you stay informed about regulatory developments and market trends impacting the HVAC and refrigeration sectors.
Key updates cover operational milestones, environmental initiatives, and leadership changes. Bookmark this page for streamlined access to Trane Technologies' official communications and third-party analyses of its market position.
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 An archived version will be available for 30 days post-event.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.
Trane Technologies (NYSE: TT) has partnered with Aircuity to enhance indoor air quality solutions for building owners in the U.S. and Canada. This integrated system monitors air quality and optimizes ventilation, thereby improving occupant health and energy efficiency. The collaboration supports WELL-Certified buildings and aligns with Trane's Wellsphere initiative aimed at creating healthier indoor environments. The Aircuity sensors provide real-time data through an online dashboard, helping building managers ensure safe indoor conditions, particularly as workplaces reopen post-pandemic.
Trane Technologies (NYSE: TT) announced that its leadership team will participate in a virtual fireside chat at the 2021 Barclays Industrial Select Conference on February 16, 2021, at 4:10 PM ET. The event will be webcast live, and investors can access it through the company's website under the investor relations section. An archive of the discussion will be available for 30 days post-event.
Trane Technologies (NYSE: TT) announced leadership participation in a virtual fireside chat at the 2021 Citi Global Industrials Conference. The event is scheduled for 11:20 AM ET on February 17, 2021. Investors can access the live webcast on the company's website and an archive will be available for 30 days post-event. As a global climate innovator, Trane Technologies offers sustainable climate solutions through its brands Trane and Thermo King, focusing on efficiency and environmental responsibility.
Trane Technologies reported Q4 2020 diluted EPS of $1.01, with adjusted EPS growing 12% to $1.03. Bookings increased 4% year-over-year to $3.17 billion, while net revenues remained flat. Operating margin improved to 12.2%, reflecting strong performance across segments despite COVID-19 impacts. For the full year, net revenues decreased by 5% to $12.45 billion, with adjusted EPS down 8% to $4.46. The company generated $1.7 billion in free cash flow and expects adjusted EPS of $5.30 to $5.50 in 2021, a growth of 19% to 23%.
The Board of Directors of Trane Technologies plc (NYSE:TT) declared a quarterly dividend of $0.59 per share, representing an 11% increase, with an annualized rate of $2.36. The dividend is payable on March 31, 2021, to shareholders of record on March 5, 2021. Additionally, a new share repurchase program of up to $2 billion has been authorized, set to begin after the completion of the current $1.5 billion program. These announcements underline Trane Technologies' strong financial position and commitment to returning value to shareholders.
