Welcome to our dedicated page for Trane Technologies news (Ticker: TT), a resource for investors and traders seeking the latest updates and insights on Trane Technologies stock.
Trane Technologies plc reports developments tied to climate-control products and services for buildings, homes and transportation. The company operates through strategic brands including Trane and Thermo King, with recurring updates on commercial and residential HVAC systems, building controls and solutions, energy services, transport refrigeration, and regional activity in the Americas and Asia Pacific.
Company news commonly covers quarterly results, bookings and backlog trends, guidance, dividend declarations, investor conference presentations, technician training programs, and product or technology progress in energy-efficient HVAC. Updates also include participation in government and industry initiatives involving commercial rooftop units, cold-climate performance and building-system efficiency.
Team Air Distributing, a Kian Capital-backed wholesale distributor of HVAC equipment, has achieved significant expansion milestones and received its eighth Pinnacle Performance Award from Trane Technologies (NYSE: TT). The company launched three new branches in Northern Georgia and Metro Atlanta in January, with plans to open three more locations in June 2024.
The expansion will increase Team Air's presence to 14 branch locations, with an additional four planned for 2025, bringing the total to 18 branches plus its Nashville corporate facility. The company is also extending its Tennessee footprint with a new Tri-Cities branch opening in June. This growth follows Team Air's acquisition of Best Choice Supply and new Georgia territory rights from American Standard in fall 2024.
Notably, five of Team Air's territory managers were recognized among the top 10 sales representatives in the U.S. The company is actively seeking partnerships with founders in wholesale residential and commercial equipment, parts, and supplies sectors.
Trane Technologies (NYSE: TT), a global climate innovator, has announced its leadership team's upcoming participation in a fireside chat at the J.P. Morgan Industrials Conference. The presentation is scheduled for Tuesday, March 11, 2025, at 10:30 a.m. EST.
Investors and interested parties can access the live webcast through the investor relations section of the Trane Technologies website at www.tranetechnologies.com. The webcast recording will remain available for 30 days following the event.
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.