Trane Technologies Announces New $5 Billion Share Repurchase Program
Trane Technologies (NYSE:TT) has announced a new $5 billion share repurchase program that will begin after completing its existing 2022 $3 billion program, which has approximately $1.5 billion remaining as of October 31, 2024. The company's board authorization reflects its strong balance sheet and liquidity position, along with confidence in generating future free cash flow.
The company maintains its commitment to deploying 100% of excess cash through a balanced capital allocation strategy, including competitive dividends that grow with earnings and share repurchases when stock trades below calculated intrinsic value. The program's timing will depend on liquidity, cash flow, and market conditions, with execution possible through various methods including open market repurchases.
Trane Technologies (NYSE:TT) ha annunciato un nuovo programma di riacquisto di azioni da 5 miliardi di dollari che inizierà dopo il completamento del suo programma esistente del 2022 da 3 miliardi di dollari, di cui rimangono circa 1,5 miliardi fino al 31 ottobre 2024. L'autorizzazione del consiglio dell'azienda riflette la sua solida situazione patrimoniale e la posizione di liquidità, insieme alla fiducia nella generazione di flussi di cassa liberi futuri.
L'azienda mantiene il suo impegno a utilizzare il 100% della liquidità in eccesso attraverso una strategia di allocazione del capitale bilanciata, compresi dividendi competitivi che crescono con gli utili e riacquisti di azioni quando le azioni sono scambiate al di sotto del valore intrinseco calcolato. La tempistica del programma dipenderà dalla liquidità, dai flussi di cassa e dalle condizioni di mercato, con la possibilità di esecuzione attraverso vari metodi, inclusi i riacquisti sul mercato aperto.
Trane Technologies (NYSE:TT) ha anunciado un nuevo programa de recompra de acciones de 5 mil millones de dólares que comenzará después de completar su programa existente de 3 mil millones de dólares de 2022, del cual aproximadamente quedan 1.5 mil millones hasta el 31 de octubre de 2024. La autorización de la junta de la compañía refleja su sólido balance y posición de liquidez, junto con confianza en la generación de flujo de efectivo libre futuro.
La compañía mantiene su compromiso de destinar el 100% del efectivo excedente a través de una estrategia equilibrada de asignación de capital, incluidos dividendos competitivos que crecen con las ganancias y recompra de acciones cuando las acciones se negocian por debajo del valor intrínseco calculado. La cronología del programa dependerá de la liquidez, el flujo de efectivo y las condiciones del mercado, con posibilidad de ejecución a través de diversos métodos, incluidos los recompras en el mercado abierto.
트레인 테크놀로지스 (NYSE:TT)는 50억 달러 규모의 새로운 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 2022년 자사주 매입 프로그램 30억 달러를 완료한 후 시작될 예정이며, 2024년 10월 31일 기준으로 약 15억 달러가 남아 있습니다. 회사 이사회의 승인은 강력한 재무 상태와 유동성에 대한 신뢰, 미래의 자유 현금 흐름 생성에 대한 확신을 반영합니다.
회사는 자산의 100%를 균형 잡힌 자본 할당 전략을 통해 배당금 증대와 내재 가치 이하 거래 시 자사주 매입으로 배분하겠다는 약속을 유지합니다. 프로그램의 타이밍은 유동성, 현금 흐름 및 시장 상황에 따라 달라지며, 개방 시장에서의 매입을 포함한 다양한 방법으로 실행할 수 있습니다.
Trane Technologies (NYSE:TT) a annoncé un nouveau programme de rachat d'actions de 5 milliards de dollars qui débutera après l'achèvement de son programme existant de 3 milliards de dollars en 2022, dont environ 1,5 milliard de dollars restaient au 31 octobre 2024. L'autorisation du conseil d'administration de l'entreprise reflète sa solide situation financière et sa position de liquidité, ainsi que sa confiance dans la génération de flux de trésorerie disponibles futurs.
L'entreprise maintient son engagement à utiliser 100 % de l'excès de liquidités via une stratégie d'allocation de capital équilibrée, incluant des dividendes compétitifs qui augmentent avec les bénéfices et des rachats d'actions lorsque celles-ci se négocient en dessous de leur valeur intrinsèque calculée. Le calendrier du programme dépendra de la liquidité, des flux de trésorerie et des conditions du marché, avec une exécution possible par divers moyens y compris des rachats sur le marché libre.
Trane Technologies (NYSE:TT) hat ein neues Aktienrückkaufprogramm über 5 Milliarden Dollar angekündigt, das nach Abschluss des bestehenden Programms von 3 Milliarden Dollar aus dem Jahr 2022 beginnen wird, von dem bis zum 31. Oktober 2024 noch etwa 1,5 Milliarden Dollar verbleiben. Die Genehmigung des Unternehmensvorstands spiegelt die starke Bilanz und Liquiditätslage wider sowie das Vertrauen in die künftige Generierung von freiem Cashflow.
Das Unternehmen bekräftigt sein Engagement, 100 % des überschüssigen Bargelds durch eine ausgewogene Kapitalallokationsstrategie einzusetzen, einschließlich wettbewerbsfähiger Dividenden, die mit den Gewinnen wachsen, und Aktienrückkäufen, wenn die Aktien unter dem berechneten inneren Wert gehandelt werden. Der Zeitpunkt des Programms hängt von Liquidität, Cashflow und Marktbedingungen ab, wobei die Durchführung durch verschiedene Methoden, einschließlich Rückkäufen am offenen Markt, möglich ist.
- Authorization of new $5 billion share repurchase program
- Strong balance sheet and liquidity position
- Commitment to 100% excess cash deployment
- Still has $1.5 billion remaining from previous buyback program
- None.
Insights
This
The flexible execution approach through open market purchases allows management to opportunistically acquire shares at attractive valuations. This substantial buyback program should provide meaningful support for the stock price while reducing share count and enhancing per-share metrics. The emphasis on maintaining strong liquidity while executing buybacks reflects prudent balance sheet management.
The timing of this announcement is strategic, coming amid robust operational performance and strong market positioning in the climate solutions sector. The size of the program significantly exceeds the previous
The company's focus on executing buybacks below intrinsic value suggests a disciplined approach to capital deployment that should resonate well with value-oriented investors. The program's flexibility regarding timing and execution methods provides management with optimal control to maximize shareholder value while maintaining operational stability.
SWORDS,
“Today’s announcement reflects our strong balance sheet, liquidity position and continued confidence in our ability to generate strong future free cash flow,” said Dave Regnery, chair and CEO of Trane Technologies. “We remain committed to deploying
The timing of the program will be dependent on the company’s available liquidity and cash flow, and general market conditions. The repurchase program may be executed through various methods, including open market repurchases.
About Trane Technologies
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechnologies.com
This news release includes “forward-looking statements” within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to the timing and execution of the Company’s share repurchase program and the amount of shares to be repurchased (if any). These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.
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Travis Bullard
+1 919-802-2593
Media@tranetechnologies.com
Zachary Nagle
+1 704-990-3913
InvestorRelations@tranetechnologies.com
Source: Trane Technologies
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