Trane Technologies Plc Stock Price, News & Analysis

Synexis LLC has expanded its strategic relationship with Trane Technologies (NYSE: TT), with Trane acquiring a non-controlling minority financial interest in Synexis and becoming the exclusive HVAC channel for its Dry Hydrogen Peroxide (DHP™) systems in the U.S. and Canada. This partnership aims to enhance indoor air quality and drive product innovation. Trane's investment will support market education on DHP technology, which effectively reduces pathogens in occupied spaces, ensuring continuous safety without disrupting operations.

Trane Technologies, a recognized global climate innovator, will participate in a virtual fireside chat during the Wolfe Industrials Virtual Conference. The event is scheduled for 2:00 PM ET on May 26, 2021. Interested parties can access the live webcast via the Trane Technologies website, specifically in the investor relations section. An archive of the webcast will be available for viewing for 30 days post-event, allowing stakeholders to stay informed about the company’s sustainable climate solutions for buildings, homes, and transportation.

Trane Technologies (NYSE:TT) reported a significant rise in Q1 2021 earnings, with diluted EPS from continuing operations at $0.96 and adjusted EPS at $1.01, a 135% increase year-over-year. Total bookings surged 34% to $4.13 billion, while net revenues rose 14% to $3.02 billion. GAAP operating income jumped 129%, achieving an operating margin of 11.7%. The company raised its full-year guidance, anticipating a revenue growth of approximately 10.5% and adjusted EPS around $6.00. Strong performance across all segments highlights Trane's commitment to sustainability and innovation.

Trane Technologies (NYSE: TT) announced its participation in a virtual fireside chat at the Goldman Sachs 2021 Industrials & Materials Conference. Scheduled for May 12, 2021, at 10:30 AM ET, the event will feature company leadership discussing climate innovation and sustainability. Interested parties can access the live webcast on Trane Technologies' website under the investor relations section. The recording will be available for 30 days after the event.

Thermo King, a brand of Trane Technologies (NYSE: TT), has launched a new air purification solution designed for buses, aiming to enhance public transit safety and support economic recovery. This system is proven to deactivate 98% of certain viruses, including those similar to COVID-19. The solution integrates with bus HVAC units, utilizing advanced graphene-enhanced technology to purify air without harmful byproducts. As public transport ridership recovers, the product aims to instill confidence among commuters, aiding in economic mobility and reducing carbon footprints.

Trane Technologies (NYSE:TT) will host a conference call on May 5, 2021, at 10 a.m. ET to discuss its first-quarter 2021 financial results. The earnings release and presentation will be available before the call on the company's website. A live webcast of the call can be accessed online, with a replay made available later that day. Trane Technologies is recognized as a global climate innovator, offering sustainable solutions through its Trane and Thermo King brands.

Trane Technologies plc (NYSE:TT) has declared a quarterly dividend of $0.59 per share, payable on June 30, 2021, to shareholders on record as of June 4, 2021. This dividend declaration highlights the company’s long-standing commitment to returning value to shareholders, having paid cash dividends consecutively since 1919 and maintaining annual dividends since 1910.