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 (NYSE: TT) has launched new digital indoor environmental quality (IEQ) management solutions, aimed at helping building owners and facility managers improve indoor space health and efficiency. The offering integrates exclusive Indoor Air Quality Assessment services with remote monitoring and controls to enhance air quality and HVAC operations. With growing concerns over indoor air quality as businesses reopen, these solutions aim to provide real-time insights and optimize energy usage, aligning with sustainability goals and certification requirements.
Oilon, a Finnish energy technology company, has signed a collaboration agreement with Trane (NYSE: TT) to offer Trane Exergy Series heat pumps in Europe. These heat pumps provide heating capacities up to 120°C, replacing oil and gas boilers in various applications. The partnership promotes environmentally-friendly technologies and is seen as a significant step towards sustainable energy production. Oilon is expanding its industrial heat pump business, with aggressive growth targets anticipated to make it a core focus in the coming years.
Trane Technologies announced a 14% dividend increase from
Trane Technologies has announced the retirement of executive chair Mike Lamach effective
Trane Technologies (NYSE: TT) announced today that its leadership will participate in a virtual fireside chat at the Credit Suisse Global Industrials Conference on Friday, December 3, 2021, at 11:30 AM ET. This event will be streamed live on Trane Technologies' website, and an archive will be available for 30 days post-event. As a global climate innovator, Trane Technologies offers sustainable climate solutions through its brands Trane® and Thermo King®.
Trane Technologies (NYSE: TT) unveiled its zero-emission trailer refrigeration system at the Solutrans trade show in Lyon, France. The AxlePower technology integrates an electric refrigeration unit and efficient battery storage, ensuring optimal cargo temperature sustainably. This innovation meets the growing demand for safe food and medicine transport while reducing energy costs and emissions. The system is compatible with various power sources and currently in testing. Trane commits over $100 million to develop fully electric cold chain solutions by 2023 for EMEA and by 2025 for the Americas.
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Trane Technologies reported third-quarter 2021 results highlighting bookings of $4.3 billion, a 22% increase year-over-year, and revenues of $3.7 billion, up 6%. GAAP continuing EPS rose to $1.73, with adjusted continuing EPS at $1.80, reflecting a 5% growth. Despite strong demand and record backlog of $5 billion, GAAP operating margin declined by 50 bps due to inflation. Cash flow from operating activities reached $1.2 billion. The company maintains a strong outlook, reaffirming its 2021 guidance with anticipated revenue growth of approximately 13.5%.
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