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 (NYSE: TT) is frequently described in its public communications as a global climate innovator, and its news flow reflects that positioning. Company announcements highlight activities across heating, cooling and ventilation systems, transport refrigeration, sustainability initiatives, and advanced digital and AI-enabled climate solutions for buildings, homes and transportation.
Visitors to this news page can review press releases and updates where Trane Technologies discusses quarterly financial results, capital deployment and segment performance across its Americas, EMEA and Asia Pacific segments. These updates often describe trends in commercial HVAC, residential heating and cooling, and transport refrigeration systems and solutions, as well as bookings, revenues and margins.
News items also cover Trane Technologies’ sustainability and circularity efforts. The company has announced circularity impact metrics tied to generating revenue from circular products and services and increasing the use of circular materials, and it links these metrics to broader 2030 Sustainability Commitments, a pledge to reduce customer greenhouse gas emissions by one gigaton, and a pledge to be net-zero by 2050.
Another recurring theme in Trane Technologies’ news is its role in data center thermal management and digital innovation. Recent releases describe an agreement to acquire the Stellar Energy Digital business, a provider of turnkey liquid-to-chip data center cooling solutions, and the launch of a thermal management system reference design for NVIDIA Omniverse DSX Blueprint for gigawatt-scale AI data centers. The company has also reported on projects using BrainBox AI technology, acquired by Trane Technologies, to optimize HVAC systems and reduce energy use and emissions in collaboration with Amazon and AWS.
By following the TT news feed, readers can track how Trane Technologies communicates its financial performance, strategic acquisitions, climate and circularity initiatives, and partnerships in areas such as AI-enabled building optimization and data center cooling.
Trane Technologies plc (NYSE:TT) has announced a 12% increase in its quarterly dividend, raising it from
Trane Technologies has consistently paid dividends since 1919.
Trane Technologies plc (NYSE: TT), a global climate innovator, announced its leadership will participate in a fireside chat at the Citi Global Industrial Tech and Mobility Conference. This event is scheduled for 11:20 a.m. EST on Wednesday, February 22, 2023. The live webcast can be accessed on the Trane Technologies website under the investor relations section. An archive of the webcast will be available for 30 days post-event. Trane Technologies focuses on providing efficient and sustainable climate solutions through its strategic brands, Trane® and Thermo King®.
Trane Technologies plc (NYSE: TT), a leader in global climate innovation, will participate in a fireside chat at the Barclays Industrial Select Conference. The event is scheduled for 9:45 a.m. EST on Thursday, February 23, 2023. Interested parties can access the live webcast through the Trane Technologies website under the investor relations section. An archived version of the webcast will be available for 30 days after the event. Trane Technologies focuses on environmentally responsible solutions through its brands, Trane® and Thermo King®, offering efficient climate solutions for buildings, homes, and transportation.
Trane Technologies (NYSE:TT) reported robust fourth-quarter 2022 results, with revenues reaching $4.1 billion, a 14% increase year-over-year. Adjusted earnings per share (EPS) rose 34% to $1.82. Bookings totaled $4.0 billion, a 2% decline, while the backlog increased 27% to $6.9 billion. For the full year, revenues were $16.0 billion (+13%), with adjusted EPS climbing 21% to $7.36. The company aims for 2023 revenue growth of 7% to 9% and adjusted EPS between $8.20 and $8.50.
Trane Technologies (NYSE:TT) will host a conference call on February 2, 2023, at 10 a.m. ET to discuss its fourth quarter financial results. The earnings release and presentation will be available prior to the call on the company's website. A live webcast of the call will be accessible online, and a replay will be available at approximately 1 p.m. ET on the same day. Trane Technologies is known for its innovative climate solutions through brands like Trane® and Thermo King®.
Trane Technologies (NYSE: TT) is set to showcase its innovative HVAC systems at the Consumer Electronics Show from January 5-8 in Las Vegas, NV. As a founding member of the Home Connectivity Alliance, the company will highlight the first digital solutions in the HVAC industry to integrate seamlessly with smart home devices. This initiative aims to enhance energy efficiency and user experience while paving the way for connected home energy management.
Additionally, Trane recently launched Trane Link and American Standard Link, improving HVAC service efficiency through real-time data sharing.
Trane Technologies (NYSE: TT) has achieved a significant milestone in sustainability with the installation of an electrified Thermal Management System at its Charmes, France facility. This system uses innovative heat pump technology to provide all-electric heating and cooling, expected to reduce 1,800 metric tons of carbon emissions annually—equivalent to powering nearly 230 homes for a year. The facility is already recognized for its sustainability efforts, achieving zero waste to landfill and reducing water consumption by 63% since 2019.
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