Highlights (fourth-quarter 2024 versus fourth-quarter 2023, unless otherwise noted): Reported revenues of $4.9 billion, up 10 percent; organic revenues* up 10 percent GAAP operating margin up 110 bps; adjusted operating margin* up 70 bps Adjusted EBITDA margin* of 18.3 percent, up 110 bps GAAP continuing EPS of $2.67; adjusted continuing EPS* of $2.61, up 20 percent Organic bookings up 2 percent, led by Americas Commercial HVAC, up high single-digits Highlights (full-year 2024 versus full-year 2023, unless otherwise noted): Reported revenues of $19.8 billion, up 12 percent; organic revenues up 12 percent GAAP operating margin up 120 bps; adjusted operating margin up

Trane Technologies (NYSE:TT), a global climate innovator, has been recognized in Corporate Knights' 2025 Global 100 ranking. This is the third time Trane Technologies has been featured on this annual list, which recognizes leading companies for their investments in green solutions such as renewable energy, energy efficiency and the circular economy. "It's an incredible honor to be recognized in Corporate Knights' 2025 Global 100 ranking," said Mauro Atalla, Senior Vice President, Chief Technology and Sustainability Officer, Trane Technologies. "This acknowledgment underscores our dedication to pioneering groundbreaking innovations for our customers, pushing the boundaries of possibility a

Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its fourth quarter 2024 financial results on Thursday, January 30, 2025, at 10 a.m. ET. The company will issue its fourth quarter earnings release and earnings presentation in advance of the call; both will be available on the Trane Technologies website. A real-time, listen-only webcast of the conference call will be broadcast live over the internet. Individuals wishing to listen can access the call through the company's website at www.tranetechnologies.com under the investor relations section. For those unable to listen to the live event, a replay will be available on the company's webs

Trane Technologies (NYSE:TT), a global climate innovator, announced that it has completed the acquisition of BrainBox AI, a pioneer in autonomous HVAC controls and generative Artificial Intelligence (AI) building technology. The acquisition was previously announced in a press release on December 18, 2024. BrainBox AI uses advanced deep learning algorithms to predict building energy needs and automate HVAC systems, thus reducing energy consumption by up to 25% and reducing greenhouse gas (GHG) emissions by up to 40%. The acquisition builds on the companies' existing collaboration and combines BrainBox AI's leading Artificial Intelligence technology with Trane Technologies' advanced buildin

Trane Technologies (NYSE:TT), a global climate innovator, has been named to the S&P Dow Jones Sustainability World Index for the fourth consecutive year and the North America Index for the fourteenth consecutive year. The company performed in the 98th percentile in the Building Products industry in the S&P Global Corporate Sustainability Assessment (CSA score as of November 22, 2024), with a score of 100 in the Energy category, highlighting excellence in energy consumption and management programs. "Inclusion in the S&P Dow Jones Sustainability Indices highlights our steadfast commitment and leadership in driving meaningful environmental change," said Dave Regnery, Chair and CEO of Trane T

Combines BrainBox AI's leading Artificial Intelligence technology with Trane Technologies' advanced building management and digital capabilities to meet fast-growing demand for sustainable, autonomous building solutions Accelerates and scales smart building technologies that reduce demand-side energy consumption and greenhouse gas (GHG) emissions Trane Technologies (NYSE:TT), a global climate innovator, announced that it has signed a definitive agreement to acquire BrainBox AI, a pioneer in autonomous HVAC controls and generative Artificial Intelligence (AI) building technology. Headquartered in Montreal, Canada, a global AI hub, BrainBox AI has developed an industry-leading enterp

Trane Technologies (NYSE:TT), a global climate innovator, announced the appointment of Mauro Atalla as Chief Technology and Sustainability Officer, effective January 5, 2025. Atalla will report to Chair and CEO Dave Regnery as part of the executive leadership team and will lead the product development, innovation and sustainability strategies for Trane Technologies globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217846827/en/Mauro Atalla joins Trane Technologies as Chief Technology and Sustainability Officer (Photo: Business Wire) "We're excited to welcome Mauro as our new Chief Technology and Sustainability Officer,

The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, authorized a new share repurchase program of up to $5 billion, to commence upon the completion of the company's 2022 $3 billion program. As of October 31, 2024, the 2022 program had approximately $1.5 billion remaining. "Today's announcement reflects our strong balance sheet, liquidity position and continued confidence in our ability to generate strong future free cash flow," said Dave Regnery, chair and CEO of Trane Technologies. "We remain committed to deploying 100% of excess cash over time through our balanced capital allocation strategy, which includes maintaining a competitive dividend that grows

Trane Technologies (NYSE:TT), a global climate innovator, has been recognized in TIME's inaugural ranking of the World's Best Companies for Sustainable Growth. Developed in collaboration with market research company Statista, the list highlights companies that excel in sustainable growth and financial stability while minimizing their environmental footprint. "Being named to the inaugural list of the World's Best Companies for Sustainable Growth is a tremendous honor," said Dave Regnery, Chair and CEO of Trane Technologies. "We are proud to foster a culture that prioritizes innovation for customers, value for shareholders, and the well-being of our employees and the environment. This recog

Trane Technologies plc (NYSE:TT) a global climate innovator, today announced that company leadership will participate in a fireside chat at the UBS Global Industrials and Transportation Conference. They will speak at 8:50 a.m. EST on Tuesday, December 3, 2024. The live webcast will be accessible on the Trane Technologies website at www.tranetechnologies.com under the investor relations section. An archive of the webcast will be available for 30 days following the event. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficien

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11-K - Trane Technologies plc (0001466258) (Filer)

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Melius downgraded Trane from Buy to Hold and set a new price target of $398.00

Northcoast initiated coverage of Trane with a rating of Buy and set a new price target of $500.00

UBS resumed coverage of Trane with a rating of Buy and set a new price target of $500.00 from $375.00 previously

HSBC Securities downgraded Trane from Buy to Hold and set a new price target of $405.00

Morgan Stanley initiated coverage of Trane with a rating of Overweight and set a new price target of $425.00

JP Morgan upgraded Trane from Underweight to Neutral and set a new price target of $191.00

BofA Securities upgraded Trane from Underperform to Neutral and set a new price target of $210.00 from $187.00 previously

HSBC Securities initiated coverage of Trane with a rating of Buy and set a new price target of $256.00

Oppenheimer initiated coverage of Trane with a rating of Perform

UBS upgraded Trane from Neutral to Buy and set a new price target of $200.00 from $168.00 previously

Trane Technologies (NYSE:TT), a global climate innovator, announced the appointment of Mauro Atalla as Chief Technology and Sustainability Officer, effective January 5, 2025. Atalla will report to Chair and CEO Dave Regnery as part of the executive leadership team and will lead the product development, innovation and sustainability strategies for Trane Technologies globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217846827/en/Mauro Atalla joins Trane Technologies as Chief Technology and Sustainability Officer (Photo: Business Wire) "We're excited to welcome Mauro as our new Chief Technology and Sustainability Officer,

Trane Technologies (NYSE:TT), a global climate innovator, announced the appointment of Riaz Raihan as Chief Digital Officer, effective December 11. Raihan will report to Chair and CEO Dave Regnery as part of the executive leadership team and will lead the digital strategy for Trane Technologies globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231211638010/en/Riaz Raihan joins Trane Technologies as Chief Digital Officer (Photo: Business Wire) "The appointment of Riaz as Chief Digital Officer is an exciting milestone for Trane Technologies as we continue to broaden our digital services and solutions," said Dave Regnery, ch

Trane Technologies (NYSE:TT), a global climate innovator, is pleased to announce Deidra Parrish Williams and Britt Smith have been named as 2023 Women on the Rise by Paradigm for Parity®. The annual accolade highlights women who are breaking barriers in corporate leadership and show the value of gender parity, including racial equity in the workforce. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231005221036/en/Britt Smith and Deidra Parrish Williams recognized as 2023 Women on the Rise by Paradigm for Parity®. (Photo: Business Wire) "We are extremely proud to see Deidra and Britt recognized with this prestigious award," said

Trane Technologies (NYSE:TT), a global climate innovator, today announced the appointment of Ana Paula Assis to its Board of Directors, effective immediately. Assis is the Chair and General Manager of IBM in Europe, the Middle East and Africa (EMEA). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231004432631/en/Ana Paula Assis joins Trane Technologies' Board of Directors (Photo: Business Wire) "Ana Paula has been instrumental in driving growth and transformation in markets around the world throughout her career," said Dave Regnery, chair and CEO of Trane Technologies. "Her international business leadership and her deep technolo

Trane Technologies plc (NYSE:TT), a global climate innovator, held its 2022 Annual General Meeting of shareholders in Adare, Ireland. During the Annual General Meeting, the company's shareholders considered six proposals: nominations to reelect 11 members of Trane Technologies' Board of Directors; advisory approval of the compensation of the company's named executive officers; appointment of independent auditors and authorization of the Audit Committee to set the auditors' remuneration; renewal of the Board of Directors' existing authority to issue shares; renewal of the Board of Directors' existing authority to issue shares for cash without first offering shares to existing shareholders;

Marcia Avedon, executive vice president and chief human resources, marketing and communications officer, to retire in April Mairéad Magner named senior vice president and chief human resources officer Carrie Amendum Ruddy named senior vice president and chief communications and marketing officer Trane Technologies (NYSE:TT), a global climate innovator, today announced that Marcia Avedon, Ph.D., executive vice president and chief human resources, marketing and communications officer, has announced her planned retirement from the company in April 2022 after 15 years of service and a distinguished career. Mairéad Magner has been named senior vice president and chief human resources offi

Executive chair Mike Lamach to retire from the company on December 31, 2021 The Board of Directors of Trane Technologies (NYSE:TT), a global climate innovator, has appointed CEO Dave Regnery as chair of the Board, effective January 1, 2022. Regnery succeeds Mike Lamach, who has served as executive chair through the CEO transition and plans to formally retire from the company on December 31, 2021 following a smooth and successful transition of leadership. As previously announced, Gary Forsee, retired chair and CEO of Sprint Nextel Corporation and former president of the University of Missouri System, will continue to serve as lead independent director. "Dave's appointment as chair of the

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced that its Board of Directors has appointed Gary Forsee, retired chair and CEO of Sprint Nextel Corporation and former president of the University of Missouri System, as lead independent director, effective immediately. “As lead independent director, Gary will offer strategic insights, guidance and expertise on governance matters as we create long-term value for all our stakeholders,” said Mike Lamach, chair and CEO, Trane Technologies. “Given his long tenure on the Board, Gary has a strong understanding of our businesses and end markets. In addition to his deep business and

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE: TT), a global climate innovator, today announced that Dave Regnery, current president and chief operating officer, has been named chief executive officer and will join the Board of Directors. He succeeds Mike Lamach, who will serve as executive chair of the Board until his planned retirement from the company sometime in the first half of 2022. These changes are effective July 1, 2021. “Dave Regnery is the clear choice to lead Trane Technologies into the future, consistent with our comprehensive succession plan,” said Lamach. “Dave has worked alongside me to shape nearly every aspect of our global business – from our busi

LENEXA, Kan., May 26, 2021 /PRNewswire/ -- Synexis today announced the appointment of Karin De Bondt to the Synexis board of directors, effective immediately. De Bondt is the president of Thermo King Americas, a strategic brand of Trane Technologies plc (NYSE:TT), and worldwide leader in delivering sustainable solutions to strengthen the cold chain and create healthier air quality for transit. She is a member of Trane Technologies' Executive Leadership Team and is currently responsible for the management, operations, and financial performance of Thermo King Americas. "We're p