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 (NYSE: TT) has launched the K-12 Playbook, an online resource aimed at enhancing classroom environments for students across the U.S. This initiative, alongside the Get Smart webinar series commencing on September 15, addresses the growing need for safer school environments post-pandemic. A recent survey revealed that 77% of K-12 decision-makers plan to invest in facility improvements to mitigate virus transmission. These resources aim to provide actionable insights for parents and educators, promoting well-being and learning outcomes in schools.
Trane Technologies plc (NYSE: TT), a leader in climate innovation, announced its participation in a virtual fireside chat at the Morgan Stanley Laguna Conference. Scheduled for 11:15 AM ET on September 14, 2021, the event will be accessible via a live webcast on the Trane Technologies website. An archived version of the webcast will be available for 30 days post-event. Trane Technologies focuses on providing efficient and sustainable climate solutions through its brands, Trane and Thermo King.
On August 31, 2021, enVerid Systems announced that its enVerid Air Purifier will now be marketed by Trane Technologies (NYSE: TT) as part of Trane's Wellsphere™ Indoor Environmental Quality (IEQ) solutions. This ceiling-mounted HEPA air purification solution targets indoor air quality concerns, particularly in commercial spaces. The enVerid Air Purifier captures 99.99% of viruses, including surrogates for COVID-19, and is designed to improve air quality while minimizing noise and tripping hazards. It aligns with CDC and ASHRAE recommendations for air filtration.
Trane Technologies has announced a significant investment of over
Trane Technologies (NYSE: TT) and Nexii Building Solutions Inc. have partnered to create sustainable commercial buildings that significantly lower carbon footprints. Trane will supply HVAC systems for Nexii’s innovative building designs, which utilize the proprietary material ‘Nexiite’ to minimize carbon emissions and construction waste. This collaboration aims to drastically reduce energy usage and facilitate faster build times. Notably, a Starbucks café built using this system is expected to cut operational carbon emissions by 30% compared to traditional buildings, aligning with both companies' sustainability goals.
Trane Technologies (NYSE:TT) reported second-quarter 2021 diluted EPS from continuing operations of $1.91, with adjusted EPS up 51% at $1.92. Bookings increased 34% to $4.39 billion, while net revenues rose 22% to $3.83 billion. GAAP operating income jumped 54% to $651 million, with an operating margin of 17%. The Americas segment saw a 31% boost in bookings, EMEA surged by 67%, while Asia Pacific experienced an 18% increase. Cash flow from operations reached $752 million, and free cash flow was $696 million. The company anticipates continued robust growth in 2021.
Trane Technologies (NYSE:TT) plans to discuss its second quarter 2021 financial results on a conference call scheduled for August 4, 2021, at 10 a.m. ET. The earnings release and presentation will be available on the company’s website prior to the call. Investors can listen to the live webcast via the investor relations section of Trane Technologies' site. A replay of the call will be accessible on the same site shortly after the live event.
Honeywell (Nasdaq: HON) announced a partnership with Trane Technologies (NYSE: TT) to test its new refrigerant, Solstice N41 (R-466A). This initiative targets the transition from R-410A to a more environmentally friendly alternative through a year-long field trial at three U.S. locations. The trials will analyze energy consumption and performance, with Solstice N41 reported to reduce global warming potential by 65%. Honeywell aims to support industry moves towards sustainable refrigerants while ensuring safety and efficiency for users.
Synexis and Trane Technologies (NYSE: TT) are donating 20 biodefense systems to the United Service Organizations of Metropolitan Washington-Baltimore (USO-Metro). These devices, utilizing Dry Hydrogen Peroxide (DHP™), enhance air quality by combating viruses, bacteria, and mold in occupied spaces. Deployed at the USO Warrior and Family Center at Fort Belvoir, Virginia, this partnership aims to support military members and their families. USO-Metro, serving over 300,000 military personnel in the area, emphasizes the importance of improved indoor safety as service members return to shared environments.
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