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), a global climate innovator, has been ranked 20th in TIME's list of the World's Most Sustainable Companies. The company has made significant progress in sustainability, reducing customer carbon emissions by 237 million metric tons since 2019, advancing toward its Gigaton Challenge goal of reducing one billion metric tons by 2030.
In 2024, TT launched 190 new products, including a portfolio featuring lower global warming potential refrigerants. The company has also received multiple recognitions, including a top-ten ranking in Corporate Knights' Europe 50 list and inclusion in the Financial Times' Europe's Climate Leaders list for the fifth consecutive year.
Trane Technologies (NYSE: TT) announced that its leadership team will participate in a fireside chat at the Wolfe Research Global Transportation and Industrials Conference on May 21, 2025, at 9:45 a.m. ET. Investors can access the live webcast through the company's website at www.tranetechnologies.com in the investor relations section. The webcast recording will remain available for 30 days after the event.
Trane Technologies reported strong Q1 2025 financial results, with bookings reaching $5.3 billion and a book-to-bill ratio of 113%. The company's reported revenues increased 11% to $4.7 billion, with organic revenues also up 11%.
Key highlights include:
- GAAP continuing EPS of $2.71
- Adjusted continuing EPS of $2.45, up 26%
- Enterprise backlog of $7.3 billion, up $500 million from year-end 2024
- Operating margin improved 250 basis points to 17.5%
The Americas segment showed particularly strong performance with bookings of $4.2 billion and a 14% revenue increase. The company reaffirmed its full-year 2025 guidance, expecting revenue growth of 7.5% to 8.5% and adjusted continuing EPS of $12.70 to $12.90, with performance trending toward the high end of the range.
Range Energy and Thermo King have expanded their collaboration to accelerate the commercialization of electric refrigerated trailers across the Americas. This partnership builds on their initial May 2024 collaboration that combined Thermo King's hybrid and electric trailer refrigeration units (TRUs) with Range Energy's eTrailer System.
The expanded alliance focuses on:
- Joint sales and distribution initiatives
- Installation and service support
- Dealer network training and demonstrations
- System maintenance throughout the electric trailers' lifecycle
Customer pilots and public demonstrations have already shown promising results in reducing diesel consumption. The partnership leverages Thermo King's extensive dealer network to reach a broader customer base while ensuring seamless compatibility with Thermo King TRUs across the Americas. This collaboration represents a significant step toward sustainable transportation solutions in the commercial trucking sector.
Trane Technologies (NYSE: TT), a global climate innovator, has announced its upcoming participation in the Oppenheimer Industrial Growth Conference. The company's leadership will engage in a virtual fireside chat scheduled for May 5, 2025, at 11:15 a.m. ET.
Investors and interested parties can access the live webcast through the investor relations section of the Trane Technologies website at www.tranetechnologies.com. For those unable to attend the live session, an archived version of the webcast will remain available for 30 days following the event.
Trane Technologies (NYSE:TT) has been named to the Financial Times' Europe's Climate Leaders list for the fifth consecutive year, recognizing European companies with the highest emissions intensity reductions from 2018-2023.
The company recently opened its Innovation Center in Oberhausen, Germany, showcasing sustainable Trane® heating and cooling solutions and serving as their Center of Excellence for Electrification. In December 2024, TT committed to the UN Global Compact's Forward Faster initiative to advance the 2030 Sustainable Development Goals.
Through its Gigaton Challenge, Trane Technologies aims to reduce greenhouse gas emissions by 1 billion metric tons by 2030, equivalent to 2% of global annual emissions or the combined yearly emissions of Italy, France, and the UK.
Trane Technologies (NYSE:TT) has secured a position on CDP's prestigious 'A List' for the third consecutive year, showcasing its excellence in corporate climate transparency and performance. The company stands among the top 2% of 22,400 scored companies to achieve an 'A' rating in 2023.
The recognition stems from CDP's thorough evaluation of environmental risk management, disclosure comprehensiveness, and leadership in sustainable practices. Mauro Atalla, Senior Vice President and Chief Technology and Sustainability Officer, emphasized the company's commitment to combining climate accountability with customer innovation and strong financial performance.
The achievement adds to Trane Technologies' recent accolades, including placement in the Top Ten of the 2025 JUST 100 and recognition on the Corporate Knights' 2025 Global 100. The company continues to progress toward its 2030 Sustainability Commitments and net-zero pledge by 2050, while maintaining its position as the first in its industry to receive SBTi validation for emissions reduction targets.