Trane Technologies Plc Stock Price, News & Analysis

Trane Technologies plc (NYSE: TT) will participate in a fireside chat at the J.P. Morgan Industrials Conference on Thursday, March 17, 2022, at 11:20 a.m. ET. The event will be available via a live webcast on the company's website under the investor relations section. An archived version of the webcast will be accessible for 30 days post-event. Trane Technologies is recognized as a global climate innovator, offering sustainable solutions through its brands, Trane® and Thermo King®.

Trane Technologies (NYSE:TT) has joined the U.S. Department of Energy's Better Climate Challenge, aligning with its 2030 Sustainability Commitments, which target carbon neutrality and a 10% energy reduction. During an Executive Roundtable, Keith Sultana emphasized commitment to decarbonizing emissions. The company previously halved its operational carbon emissions and aims for a further 50% reduction. Trane is one of over 50 partners involved in this initiative, promoting ambitious greenhouse gas emission goals.

Trane Technologies (NYSE: TT), a leader in climate innovation, announced their participation in the Barclays Industrial Select Conference on February 24, 2022, at 10:55 AM ET. Company leadership will engage in a fireside chat. The event will be accessible via a livestream on their website, with an archived version available for 30 days post-event. Trane Technologies focuses on sustainable climate solutions through their brands Trane® and Thermo King®, offering efficient products and services for buildings, homes, and transportation.

Trane Technologies (NYSE: TT) announced participation in a fireside chat at Citi’s 2022 Global Industrial Tech and Mobility Conference. The event is scheduled for 11:20 AM ET on February 23, 2022. Investors and interested parties can access the live webcast via the Trane Technologies website under the investor relations section. An archived version will be available for 30 days post-event, highlighting the company's commitment to sustainable climate solutions.

The Board of Directors of Trane Technologies (NYSE:TT) declared a quarterly dividend of $0.67 per share, reflecting a 14% increase, with an annualized sum of $2.68. The dividend is payable on March 31, 2022, to shareholders of record as of March 4, 2022. Additionally, a new $3 billion share repurchase program was authorized, to start after the completion of the existing $2 billion program. The company has consistently paid dividends since 1919, emphasizing its confident financial position and commitment to returning value to shareholders.

Trane Technologies (TT) reported impressive financial results for Q4 2021, highlighting record bookings of $4.1 billion, a 28% increase, with total revenues reaching $3.6 billion, up 12%. Adjusted EPS rose 32% to $1.36. The full-year 2021 results also showed record bookings of $16.8 billion and revenues of $14.1 billion. The company’s GAAP operating margin improved by 200 basis points, with a significant backlog of $5.4 billion for future growth. The outlook for 2022 remains strong with projected adjusted EPS growth of 14% to 17%.

Trane Technologies has been recognized as one of America’s Most JUST Companies for the fifth consecutive year, ranking second in the building materials and packaging sector. The company climbed 67 spots from the previous year, highlighting its commitment to employees, community, and environmental sustainability. It also received high marks from the CDP Global Climate Change Report, demonstrating strong management in carbon reduction efforts. Trane's 2030 Sustainability Commitments aim to cut customer emissions by a billion metric tons and achieve gender parity in leadership.

Trane Technologies (NYSE: TT) has announced a significant industry shift by making lower global warming potential (GWP) refrigerants standard in their truck and trailer units. This transition is expected to avoid approximately 650,000 metric tons of CO2e emissions annually, equivalent to the emissions of 143,000 passenger vehicles. The new refrigerants will be included in Thermo King's Precedent® trailer portfolio starting January 2022, with truck products following mid-2022. This change positions the company ahead of upcoming regulations by the California Air Resources Board.