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 reported strong Q1 2025 financial results, with bookings reaching $5.3 billion and a book-to-bill ratio of 113%. The company's reported revenues increased 11% to $4.7 billion, with organic revenues also up 11%.
Key highlights include:
- GAAP continuing EPS of $2.71
- Adjusted continuing EPS of $2.45, up 26%
- Enterprise backlog of $7.3 billion, up $500 million from year-end 2024
- Operating margin improved 250 basis points to 17.5%
The Americas segment showed particularly strong performance with bookings of $4.2 billion and a 14% revenue increase. The company reaffirmed its full-year 2025 guidance, expecting revenue growth of 7.5% to 8.5% and adjusted continuing EPS of $12.70 to $12.90, with performance trending toward the high end of the range.
Range Energy and Thermo King have expanded their collaboration to accelerate the commercialization of electric refrigerated trailers across the Americas. This partnership builds on their initial May 2024 collaboration that combined Thermo King's hybrid and electric trailer refrigeration units (TRUs) with Range Energy's eTrailer System.
The expanded alliance focuses on:
- Joint sales and distribution initiatives
- Installation and service support
- Dealer network training and demonstrations
- System maintenance throughout the electric trailers' lifecycle
Customer pilots and public demonstrations have already shown promising results in reducing diesel consumption. The partnership leverages Thermo King's extensive dealer network to reach a broader customer base while ensuring seamless compatibility with Thermo King TRUs across the Americas. This collaboration represents a significant step toward sustainable transportation solutions in the commercial trucking sector.
Trane Technologies (NYSE: TT), a global climate innovator, has announced its upcoming participation in the Oppenheimer Industrial Growth Conference. The company's leadership will engage in a virtual fireside chat scheduled for May 5, 2025, at 11:15 a.m. ET.
Investors and interested parties can access the live webcast through the investor relations section of the Trane Technologies website at www.tranetechnologies.com. For those unable to attend the live session, an archived version of the webcast will remain available for 30 days following the event.
Trane Technologies (NYSE:TT) has been named to the Financial Times' Europe's Climate Leaders list for the fifth consecutive year, recognizing European companies with the highest emissions intensity reductions from 2018-2023.
The company recently opened its Innovation Center in Oberhausen, Germany, showcasing sustainable Trane® heating and cooling solutions and serving as their Center of Excellence for Electrification. In December 2024, TT committed to the UN Global Compact's Forward Faster initiative to advance the 2030 Sustainable Development Goals.
Through its Gigaton Challenge, Trane Technologies aims to reduce greenhouse gas emissions by 1 billion metric tons by 2030, equivalent to 2% of global annual emissions or the combined yearly emissions of Italy, France, and the UK.
Trane Technologies (NYSE:TT) has secured a position on CDP's prestigious 'A List' for the third consecutive year, showcasing its excellence in corporate climate transparency and performance. The company stands among the top 2% of 22,400 scored companies to achieve an 'A' rating in 2023.
The recognition stems from CDP's thorough evaluation of environmental risk management, disclosure comprehensiveness, and leadership in sustainable practices. Mauro Atalla, Senior Vice President and Chief Technology and Sustainability Officer, emphasized the company's commitment to combining climate accountability with customer innovation and strong financial performance.
The achievement adds to Trane Technologies' recent accolades, including placement in the Top Ten of the 2025 JUST 100 and recognition on the Corporate Knights' 2025 Global 100. The company continues to progress toward its 2030 Sustainability Commitments and net-zero pledge by 2050, while maintaining its position as the first in its industry to receive SBTi validation for emissions reduction targets.
Trane Technologies (NYSE:TT) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Wednesday, April 30, 2025, at 10 a.m. ET. The company will release its Q1 earnings report and presentation before the call, making them available on their website.
A live webcast of the conference call will be accessible through the investor relations section of www.tranetechnologies.com. For those unable to attend the live event, a replay will be available on the company's website starting at approximately 1 p.m. ET on the same day.
Trane Technologies (NYSE:TT) has announced its Board of Directors has declared a quarterly dividend of $0.94 per ordinary share, equivalent to $3.76 annualized. The dividend will be paid on June 30, 2025, to shareholders of record as of June 6, 2025.
The company highlights its long-standing commitment to shareholder returns, noting it has maintained consecutive quarterly cash dividends since 1919 and annual dividends since 1910.
Geotab and Thermo King (NYSE: TT) announced a strategic collaboration to integrate Thermo King's TracKing Pro telematics data into Geotab's platform, enhancing cold chain operations management in North America.
The integration provides fleet managers with near real-time visibility and control over temperature-dependent goods transportation through the MyGeotab platform. Key benefits include:
- Near real-time monitoring of cargo temperature and refrigeration unit performance
- Automated temperature alerts for critical events
- Two-way communication for remote setpoint adjustments
- Comprehensive fleet visibility
- Enhanced data accuracy through direct OEM integration
This collaboration aims to strengthen compliance, improve communication, and maintain the integrity of perishable goods such as food and pharmaceuticals during transit.
Trane Technologies (NYSE:TT) has been recognized on Ethisphere's 2025 World's Most Ethical Companies® list for the second consecutive year. The assessment is based on Ethisphere's Ethics Quotient®, evaluating over 240 proof points across ethics, compliance, governance, environmental and social impact, and value chain initiatives.
Dave Regnery, Chair and CEO, emphasized the company's commitment to maintaining high legal, moral, and ethical standards. The recognition follows several other recent accolades, including:
- Inclusion in the JUST 100 for the fourth consecutive year, ranking 6th overall
- Top spot in industry for the third consecutive year
- Listed in Fortune's World's Most Admired Companies for the 13th consecutive year
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.
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