Latest news with #ThermoKing
Reuters
30-07-2025
- Business
- Reuters
Trane Technologies raises annual profit forecast on resilient demand
July 30 (Reuters) - Trane Technologies (2IS.F), opens new tab raised its full-year profit forecast on Wednesday, after topping second-quarter earnings estimates on the back of strong demand for its heating and air-conditioning systems as well as higher pricing. The Ireland-based company's Americas segment - its largest revenue generator - saw robust industrial and commercial demand, helping its quarterly sales to rise 9% to $4.69 billion from a year ago. The firm, which owns transport refrigeration company Thermo King, in April flagged an annual cost impact estimate of $250 million to $275 million from tariffs. However, Trane had said it would aim to soften the blow with price hikes. The company expects its 2025 adjusted profit to be about $13.05 per share, compared with its prior view of $12.70 to $12.90 per share. Trane Technologies posted a second-quarter profit of $3.88 per share on an adjusted basis, beating analysts' average estimate of $3.79 per share, according to data compiled by LSEG. Its quarterly revenue rose about 8% to $5.75 billion, falling marginally short of the $5.78 billion expected by analysts.
Globe and Mail
09-07-2025
- Business
- Globe and Mail
Trane Technologies Schedules Second Quarter 2025 Earnings Conference Call
Trane Technologies plc (NYSE:TT), a global climate innovator, will host a conference call to discuss its second quarter 2025 financial results on Wednesday, July 30, 2025, at 10 a.m. ET. The company will issue its second 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 under the investor relations section. For those unable to listen to the live event, a replay will be available on the company's website at approximately 1 p.m. ET, July 30, 2025. 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 efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at
Associated Press
07-07-2025
- Business
- Associated Press
How a Growth Mindset Sparks Innovation for Electrification Engineer Noah Lopez
Noah Lopez, an Electrification Engineer at the Center for Excellence in Electrification, is a prime example of how a growth mindset can drive innovation and creativity. 'The unofficial statement is that I make things work together that shouldn't,' Noah says with a smile, describing his role. Noah works at one of the flagship brands for Trane Technologies, Thermo King®, a leader in sustainable transport climate control solutions. His day-to-day involves combining batteries and other elements into functional systems to create new solutions. He replicates challenges customers face in the field to resolve them and manages the implementation of aftermarket data loggers into field trials with customers. Noah, a third-generation engineer with a master's degree in mechanical engineering from the University of Illinois at Urbana-Champaign, has been with the company for four years. Before graduation, he heard about the company culture through a friend and was intrigued by the opportunity to work on cutting-edge technology. 'The opportunity to work on 'bleeding edge' technology to help drive new processes and ideas was really interesting to me,' he recalls. Award-winning innovation After joining the company, Noah and his teammates developed two generations of battery electric power systems for demonstrating electrified trailer refrigeration – a significant step in the company's electrification strategy. Their innovative work earned them a patent and the company's prestigious President's Award. 'We figured out how to minimize the amount of power flowing through our battery to maximize the lifetime of the battery,' Noah says. Now, he is working on the integration of external power systems to trailer transport refrigeration units and appreciates the opportunity to work in a job that makes an impact. 'If we aren't sustainable, eventually, we won't be here,' he notes. Nature is especially important to Noah, who spends time outdoors almost daily, even coaching speed skating in the winter months. A collaborative and growth-oriented environment The positive work culture his friend described proved true once Noah joined. 'Our electrification team is a very tight group of competent engineers who all work together without ego,' he says. Noah appreciates the company's growth-mindset approach, which allows learning from mistakes. 'We get to work in the lab with high-end equipment, and if something goes wrong, we get to learn what went wrong and how to fix it, so it won't happen again,' he explains. Mentoring the next generation Noah received mentorship early in his career from Principal Electrification Engineer, Matt Srnec , to help propel his career forward. And now, Noah has his own opportunity to pay it forward by mentoring the company's interns. He helps interns find projects they enjoy, helping to enhance their work experience. 'Having a greater level of enjoyment for the work that they're doing every day, means they're happy to show up and work on it.' For instance, his intern from last year designed and built a test cart repackaging the evolve™ battery system for ease of mobility and storage. 'We worked with the intern to complete the design process from the ground up through completion of the build,' Noah says. 'I want future engineers to have that opportunity for fulfilling project experience.' The evolve™ portfolio is the company's all-electric portfolio, which includes electric refrigeration solutions for truck, trailer, rail, air and marine transport. These zero-emissions product offerings contribute to our company's 2030 Sustainability Commitments to reduce customer greenhouse gas emission by 1 billion metric tons. A perfect fit Noah has found the right fit at the company. 'I get to go play in the lab and do the innovation work that I enjoy,' he says. 'I think that the work that I do every day boldly challenges what's possible,' Noah adds. 'That goes hand in hand with the opportunity to innovate, to make new things, and prove that those random ideas are possible.' Noah's story is a compelling example of how a supportive and innovative work culture can lead to personal and professional growth. For those considering a career in engineering, Noah's journey highlights the exciting opportunities to innovate and grow in a company that values sustainability and creativity. Explore careers that make a difference at Trane Technologies . Visit 3BL Media to see more multimedia and stories from Trane Technologies
Yahoo
28-06-2025
- Business
- Yahoo
Trane Technologies (TT) Expands Liquid Cooling Solutions for AI Data Centers
Trane Technologies plc (NYSE:TT) is one of the 11 best European stocks to invest in. On June 10, Trane announced the expansion of its liquid cooling capabilities for data centers. As part of the initiative, the company introduced new scalable Coolant Distribution Unit (CDU) solutions with capacities ranging from 2.5 megawatts (MW) to 10 MW. A technician in a boiler suit working on an industrial air conditioning system inside a factory. The new CDUs complement Trane's existing 1 MW CDU, providing a broader range of direct-to-chip cooling solutions. According to the company, the expanded platform is designed to address the high-density computing needs of data centers, particularly those driven by the increasing demand for artificial intelligence (AI) workloads. The company said that the new CDUs enable modular scalability. They are also optimized for high-density data centers, ensuring efficient heat transfer directly from IT equipment. Most importantly, the new platform offers up to 10 MW of cooling capacity in a space-saving, factory-skid-mounted design, which also facilitates ease of serviceability. Trane Technologies plc (NYSE:TT) is a climate solutions company based in Ireland. It designs, manufactures, and services energy-efficient heating, ventilation, air conditioning (HVAC), and refrigeration systems. Its key brands are Trane (for buildings and homes) and Thermo King (for transport refrigeration). The company operates across the Americas, EMEA, and Asia Pacific. While we acknowledge the potential of TT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Associated Press
07-05-2025
- Business
- Associated Press
Trane Technologies to Present at the Wolfe Research Global Transportation and Industrials Conference
SWORDS, Ireland--(BUSINESS WIRE)--May 7, 2025-- Trane Technologies plc (NYSE: TT) a global climate innovator, today announced that company leadership will participate in a fireside chat at the Wolfe Research Global Transportation and Industrials Conference. They will speak at 9:45 a.m. ET on Wednesday, May 21, 2025. The live webcast will be accessible on the Trane Technologies website at 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 efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit . View source version on CONTACT: Media: Travis Bullard, Trane Technologies +1-919-802-2593 [email protected]: Zachary Nagle, Trane Technologies +1-704-990-3913 [email protected] KEYWORD: EUROPE IRELAND UNITED STATES NORTH AMERICA NORTH CAROLINA INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY ENVIRONMENT OTHER MANUFACTURING MACHINERY HVAC BUILDING SYSTEMS CLIMATE CHANGE MANUFACTURING SOURCE: Trane Technologies Copyright Business Wire 2025. PUB: 05/07/2025 06:30 AM/DISC: 05/07/2025 06:29 AM
