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.
Trane Technologies (NYSE: TT), a leader in climate innovation, will participate in a fireside chat at the J.P. Morgan 2023 Industrials Conference. The event is scheduled for 10:30 a.m. ET on March 16, 2023. Interested parties can access the live webcast through Trane Technologies' official website in the investor relations section. An archived version of the webcast will be available for 30 days post-event. Trane Technologies is committed to delivering sustainable climate solutions through its renowned brands, Trane® and Thermo King®.
SWORDS, IRELAND / ACCESSWIRE / March 1, 2023 / Trane Technologies (NYSE:TT) celebrates the achievements of Vinitha Nalla and Rashmi Vadlakonda, who received The Manufacturing Institute's 2023 Women MAKE Awards. Vinitha was honored for her significant impact as a senior systems engineer, while Rashmi was recognized as an Emerging Leader for her contributions to 3D printing technology. This recognition highlights Trane's commitment to promoting women in manufacturing. The announcement coincides with the beginning of Women's History Month, where Trane will focus on women's contributions to the industry.
Trane Technologies has priced a total of $700 million in senior notes with a 5.250% interest rate due in 2033. The net proceeds will be used to redeem an equal amount of 4.250% senior notes that are maturing on June 15, 2023. The offering closing is expected on March 3, 2023, pending customary conditions. The notes will be guaranteed by several wholly-owned subsidiaries of the Company. BofA Securities, Goldman Sachs, and J.P. Morgan are the underwriters for this offering. Investors are advised to review the related prospectus for more details.
Trane Technologies (NYSE:TT) and Hall County, Georgia, have successfully completed a significant energy and infrastructure upgrade at the Hall County Government Center. This renovation, spanning over 18 months, involved enhancing energy efficiency and indoor air quality in a 131,000-square-foot building originally constructed in 1982. Key upgrades included a conversion of the heating and cooling plant, a reconfiguration of air distribution systems, and the installation of high-efficiency LED lighting with energy-saving features. These improvements are projected to reduce the County's annual energy consumption by approximately 35%, amounting to a savings of roughly 950,000 kWh, equating to a reduction of nearly 675 metric tons in carbon emissions.
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Trane Technologies plc (NYSE:TT) has announced a 12% increase in its quarterly dividend, raising it from $0.67 to $0.75 per share. The annualized dividend will rise from $2.68 to $3.00. This dividend will be payable on March 31, 2023 to shareholders of record on March 3, 2023. The company has increased its dividend by 42% since its strategic realignment as a climate innovator in March 2020, highlighting confidence in its ability to generate strong free cash flow.
Trane Technologies has consistently paid dividends since 1919.
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 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 (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.
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