Latest news with #TraneTechnologiesplc
Business Wire
07-05-2025
- Business
- Business Wire
Trane Technologies to Present at the Wolfe Research Global Transportation and Industrials Conference
SWORDS, Ireland--(BUSINESS WIRE)--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
Associated Press
30-04-2025
- Business
- Associated Press
Trane Technologies Reports Strong First Quarter Results; Reaffirms Guidance Range and Expects to Perform Towards High-End
SWORDS, Ireland--(BUSINESS WIRE)--Apr 30, 2025-- Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $2.71 for the first quarter of 2025. Adjusted continuing EPS was $2.45, up 26 percent. First-Quarter 2025 Results Financial Comparisons - First-Quarter Continuing Operations 'In the first quarter, our global team delivered outstanding performance through our purpose-driven strategy, extending our consistent track record of results,' said Dave Regnery, chair and CEO of Trane Technologies. 'With strong execution through our proven business operating system, we continue to navigate a dynamic macro environment. Demand for our innovative solutions remains robust, with customers selecting Trane Technologies as their partner of choice. Our strong order growth in the first quarter included another all-time high in bookings for our Americas commercial HVAC business, further elevating our backlog. With our leading innovation, elevated backlog and strong financial position, we are confident in our full-year guidance and expect to perform towards the high-end of the range. We are well positioned to deliver differentiated shareholder value over the long term.' Highlights from the First Quarter of 2025 (all comparisons against first-quarter 2024 unless otherwise noted) First-Quarter Business Review (all comparisons against first-quarter 2024 unless otherwise noted) Americas Segment: innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating, cooling and ventilation systems, building controls and solutions, energy services and solutions, residential heating and cooling; and transport refrigeration systems and solutions. Europe, Middle East and Africa (EMEA) Segment: innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings and transport refrigeration systems and solutions. Asia Pacific Segment: innovates for customers throughout the Asia Pacific region. The Asia Pacific segment encompasses heating, cooling and ventilation systems, services and solutions for commercial buildings and transport refrigeration systems and solutions. Balance Sheet and Cash Flow Full-Year 2025 Guidance This news release includes 'forward-looking' statements within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to our future financial performance and targets, including revenue, EPS, and earnings; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the amount and timing of our dividends, our share repurchase program, anticipated capital commitments for M&A activity, and our capital allocation strategy; our available liquidity; our anticipated revenue growth, and the performance of the markets in which we operate. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, global economic conditions, including recessions and economic downturns, inflation, volatility in interest rates and foreign exchange; trade protection measures such as import or export restrictions, tariffs, or quotas; changing energy prices; worldwide geopolitical conflict; financial institution disruptions; climate change and our sustainability strategies and goals; future health care emergencies on our business, our suppliers and our customers; commodity shortages; price increases; government regulation; restructurings activity and cost savings associated with such activity; secular trends toward decarbonization, energy efficiency and internal air quality, the outcome of any litigation, including the risks and uncertainties associated with the Chapter 11 proceedings for our deconsolidated subsidiaries Aldrich Pump LLC and Murray Boiler LLC; cybersecurity risks; and tax audits and tax law changes and interpretations. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2024, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events and how they may affect the Company. We assume no obligation to update these forward-looking statements. This news release also includes non-GAAP financial information, which should be considered supplemental to, not a substitute for, or superior to, the financial measure calculated in accordance with GAAP. The definitions of our non-GAAP financial information and reconciliation to GAAP are attached to this news release. All amounts reported within the earnings release above related to net earnings (loss), earnings (loss) from continuing operations, earnings (loss) from discontinued operations, adjusted EBITDA and per share amounts are attributed to Trane Technologies' ordinary shareholders. Trane Technologies (NYSE:TT) 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 information, visit # # # 4/30/2025 (See Accompanying Tables) *Q1 Non-GAAP measures definitions Adjusted operating income in 2025 is defined as GAAP operating income adjusted for merger and acquisition transaction costs and a non-cash adjustment for contingent consideration. Adjusted operating income in 2024 is defined as GAAP operating income adjusted for restructuring costs and legacy legal liability. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 2, 3 and 4 of the news release. Adjusted operating margin is defined as the ratio of adjusted operating income divided by net revenues. Adjusted earnings from continuing operations attributable to Trane Technologies plc (Adjusted net earnings) in 2025 is defined as GAAP earnings from continuing operations attributable to Trane Technologies plc adjusted for net of tax impacts of merger and acquisition transaction costs and a non-cash adjustment for contingent consideration. Adjusted net earnings in 2024 is defined as GAAP earnings from continuing operations attributable to Trane Technologies plc adjusted for net of tax impacts of restructuring costs and legacy legal liability. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 2 and 3 of the news release. Adjusted continuing EPS in 2025 is defined as GAAP continuing operations attributable to Trane Technologies plc adjusted for net of tax impacts of merger and acquisition transaction costs and a non-cash adjustment for contingent consideration. Adjusted continuing EPS in 2024 is defined as GAAP continuing operations attributable to Trane Technologies plc adjusted for net of tax impacts of restructuring costs and legacy legal liability. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 2 and 3 of the news release. Adjusted EBITDA in 2025 is defined as adjusted operating income adjusted to exclude depreciation and amortization expense and include other income / (expense), net. Adjusted EBITDA in 2024 is defined as adjusted operating income adjusted to exclude depreciation and amortization expense and include other income / (expense), net. Other income / (expense), net mainly comprises interest income, foreign currency exchange gains and losses and certain components pension and postretirement benefit costs. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 4 and 5 of the news release. Adjusted EBITDA margin is defined as the ratio of adjusted EBITDA divided by net revenues. Adjusted effective tax rate for 2025 is defined as the ratio of income tax expense adjusted for the net tax effect of adjustments for merger and acquisition transaction costs divided by adjusted net earnings. Adjusted effective tax rate for 2024 is defined as the ratio of income tax expense adjusted for the net tax effect of adjustments for restructuring costs and legacy legal liability divided by adjusted net earnings. This measure allows for a direct comparison of the effective tax rate between periods. Free cash flow in 2025 is defined as net cash provided by (used in) continuing operating activities adjusted for capital expenditures, cash payments for restructuring costs, legacy legal liability, and merger and acquisition transaction costs. Free cash flow in 2024 is defined as net cash provided by (used in) continuing operating activities adjusted for capital expenditures, cash payments for restructuring costs, legacy legal liability, and merger and acquisition transaction costs. Please refer to the free cash flow reconciliation on table 8 of the news release. Operating leverage is defined as the ratio of the change in adjusted operating income for the current period (e.g. Q1 2025) less the prior period (e.g. Q1 2024), divided by the change in net revenues for the current period less the prior period. Organic revenue is defined as GAAP net revenues adjusted for the impact of currency and acquisitions. Organic bookings is defined as reported orders in the current period adjusted for the impact of currency and acquisitions. Working capital measures a firm's operating liquidity position and its overall effectiveness in managing the enterprise's current accounts. The Company reports its financial results in accordance with generally accepted accounting principles in the United States (GAAP). The following schedules provide non-GAAP financial information and a quantitative reconciliation of the difference between the non-GAAP financial measures and the financial measures calculated and reported in accordance with GAAP. The non-GAAP financial measures should be considered supplemental to, not a substitute for or superior to, financial measures calculated in accordance with GAAP. They have limitations in that they do not reflect all of the costs associated with the operations of our businesses as determined in accordance with GAAP. In addition, these measures may not be comparable to non-GAAP financial measures reported by other companies. We believe the non-GAAP financial information provides important supplemental information to both management and investors regarding financial and business trends used in assessing our financial condition and results of operations. Non-GAAP financial measures assist investors with analyzing our business results as well as with predicting future performance. In addition, these non-GAAP financial measures are also reviewed by management in order to evaluate the financial performance of each segment. Presentation of these non-GAAP financial measures helps investors and management to assess the operating performance of the Company. As a result, one should not consider these measures in isolation or as a substitute for our results reported under GAAP. We compensate for these limitations by analyzing results on a GAAP basis as well as a non-GAAP basis, prominently disclosing GAAP results and providing reconciliations from GAAP results to non-GAAP results. View source version on CONTACT: Media: Travis Bullard 919-802-2593 [email protected]: Zac Nagle 704-990-3913 [email protected] KEYWORD: EUROPE IRELAND UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ENGINEERING HVAC RESIDENTIAL BUILDING & REAL ESTATE MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY BUILDING SYSTEMS SOURCE: Trane Technologies Copyright Business Wire 2025. PUB: 04/30/2025 06:30 AM/DISC: 04/30/2025 06:29 AM
Business Wire
29-04-2025
- Business
- Business Wire
Trane Technologies to Present at the Oppenheimer Industrial Growth Conference
SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) a global climate innovator, today announced that company leadership will participate in a virtual fireside chat at the Oppenheimer Industrial Growth Conference. They will speak at 11:15 a.m. ET on Monday, May 5, 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
Yahoo
17-04-2025
- Business
- Yahoo
Trane Technologies (TT): Among Louis Navellier's New Stock Picks
We recently published a list of . In this article, we are going to take a look at where Trane Technologies plc (NYSE:TT) stands against other Louis Navellier's new stock picks. Navellier & Associates is an independent money management firm founded in 1987 by renowned growth analyst Louis Navellier. Based in Reno, Nevada, the firm has more than thirty years of experience serving both individual and institutional clients through a disciplined, style-consistent investment approach. The firm's mission is to maximize returns while managing excessive risk, offering customized portfolio strategies that incorporate a proprietary blend of quantitative and fundamental analysis. Navellier's investment philosophy centers around identifying and exploiting inefficiencies in the market to uncover high-potential growth stocks. Unlike market indexes and firms that mimic market indexes, Navellier & Associates focuses on outperforming them, resulting in portfolios with low correlation to benchmarks, increased diversification, and reduced risk. At the heart of Navellier's investment process is a rigorous three-step, bottom-up stock selection methodology. The first step involves applying a proprietary quantitative screening process to evaluate market and individual stock statistics, specifically measuring reward through alpha and risk through standard deviation. This process narrows the investment options to stocks that rank in the upper percentiles for their risk/reward metrics. In the second step, fundamental analysis is used to identify stocks with exceptional profit margins, robust earnings growth, and forward-looking, reasonable price-to-earnings ratios. Finally, a proprietary optimization model allocates stocks within the portfolio to maximize alpha while minimizing volatility, ensuring that each portfolio is well-diversified across multiple sectors and industries. These strategies are particularly well-suited for long-term investors seeking steady returns in both bull and bear markets. Louis Navellier himself brings over three decades of expertise to the firm. Since 1980, he has published quantitative research on growth stocks and remains a leading voice in the investment community. As the Founder, Chairman, Chief Investment Officer, and Chief Compliance Officer of Navellier & Associates, he continues to oversee the same portfolios he helped launch. His investment insights have earned him frequent appearances on CNBC, Fox Business News, and regular quotes in leading financial outlets such as Bloomberg and MarketWatch. He has been featured in major publications like Forbes, Fortune, Barron's, and The Wall Street Journal, and profiled in books such as Secrets of the Investment All-Stars and Investing Under Fire. Today, the firm manages over $1 billion in private and institutional accounts and remains a sought-after resource for high-net-worth individuals and institutions alike. Navellier & Associates offers tailored portfolio reviews, designed to help clients make sound financial decisions aligned with their preferences, individual goals, and risk tolerance. These reviews include a comprehensive portfolio analysis, risk assessment, and personalized investment recommendations. Portfolios managed by Navellier range from $100,000 to over $100 million, and all recommendations are made on a person-by-person basis. This level of customization underscores the firm's belief that every investor is unique and deserves a strategy that reflects their personal financial objectives. In addition to its financial expertise, the Navellier team is composed of passionate professionals who share common interests and life goals with their clients. From hiking and skiing to golfing and parenting, the firm's staff brings a personal touch to its services, fostering genuine connections with investors. Navellier & Associates is deeply committed to providing not only top-tier financial management but also exceptional client service, innovative investment tools, and cutting-edge market research. With a homegrown foundation and a global outlook, Navellier continues to help clients achieve long-term financial security through disciplined, adaptive, and data-driven investment strategies. As of its most recent 13F filing for the fourth quarter of 2024, Navellier & Associates reported managing approximately $834 million in securities. The firm's top ten holdings account for 29.42% of this portfolio, reflecting its concentrated yet carefully optimized investment strategy grounded in systematic analysis and decades of market experience. We searched through Navellier & Associates' Q4 2024 13F filings to identify the new stock picks that the firm invested in during the fourth quarter of the year. From the resultant data, we ranked the equities based on the hedge fund's stake value in each holding. Additionally, we have mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A worker inspecting a newly installed heating unit in a modern home. Trane Technologies plc (NYSE:TT) is an American-Irish domiciled company specializing in heating, ventilation, air conditioning (HVAC), and refrigeration systems. The company's corporate history spans more than 150 years and has been shaped by a series of mergers and strategic spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a U.S.-based industrial tools company. In 2020, following the spin-off of its tools business as a standalone Ingersoll Rand, the remaining business was rebranded as Trane Technologies, focusing entirely on climate control and energy efficiency solutions. For the quarter ended December 2024, Trane Technologies plc (NYSE:TT) outperformed market expectations, posting earnings per share (EPS) of $2.61, a 3.6% surprise above the projected $2.52. Revenue of $4.87 billion also exceeded forecast by $100 million, continuing a reliable trend of earnings beats that underscore the company's strong market position and operational discipline. Building on this momentum, Trane Technologies projects organic revenue growth of 7–8% for 2025 and expects adjusted EPS to fall between $12.70 and $12.90, representing a 13–15% increase. The company is also targeting over 100% free cash flow conversion for the year. Residential market growth is anticipated to reach mid-single digits, while transport markets are expected to remain stable. Despite its positive outlook, Trane Technologies plc (NYSE:TT) faces considerable challenges in the near future. Potential tariff changes could affect the company's cost structures and profitability, while market saturation in specific verticals may limit future growth opportunities. Supply chain disruptions also remain a possible obstacle to meeting growing demand, and broader macroeconomic pressures such as inflation could impact consumer spending behavior. Additionally, evolving regulatory requirements related to environmental policies may affect operational strategies and cost dynamics in the years ahead. Navellier & Associates invested over $4.75 million to purchase 12,867 shares of Trane Technologies plc (NYSE:TT) in the December quarter, effectively placing it in the list of Louis Navellier's new stock picks. For the same quarter, 65 hedge funds out of the 1,009 firms tracked by Insider Monkey reported having stakes in the company, with a combined value of nearly $2.88 billion. Aristotle Atlantic Focus Growth Strategy stated the following regarding Trane Technologies plc (NYSE:TT) in its Q4 2024 : 'Trane Technologies plc (NYSE:TT) detracted from performance in the fourth quarter of 2024. The company reported better than expected revenue and earnings growth at the end of October. The stock declined in December despite two investor conferences early in the month where the company reiterated expectations that current strong trends in commercial HVAC will continue into 2025, the service business is continuing to experience low double-digit growth, and the residential business is expected to improve from a lull in 2024. Higher interest rates have been a drag on industrial stock performance generally in December. Strength in the US dollar in 2025 will impact large cap companies like Trane, which have international exposure.' Overall, TT ranks 4th on our list of Louis Navellier's new stock picks. While we acknowledge the potential of TT, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
30-03-2025
- Business
- Yahoo
Is Trane Technologies (TT) The Most Expensive Stock Insiders Are Dumping In March?
We recently published a list of . In this article, we are going to take a look at where Trane Technologies plc (NYSE:TT) stands against other most expensive stocks insiders are dumping in March. After being in the green for a few trading sessions, the broader market index slid 0.8% on Wednesday, and blue-chip companies declined 0.1%. The NASDAQ Composite was down 1.6% in the early afternoon. On Tuesday, Trump provided an update on tariffs, saying they will likely be more 'lenient than reciprocal,' suggesting a more relaxed approach, reports CNBC. As investors process daily market developments, uncertainty continues to impact the market. In these periods, insider trading often attracts attention, as purchases of company stock by executives may suggest confidence in the company's future. However, insider selling doesn't necessarily imply a lack of faith—it may be driven by personal financial needs or a desire for diversification. Executives frequently rely on pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it should be evaluated in the context of a company's financial health, market trends, and industry changes. What are some of the most expensive stocks insiders have been selling this month so far? To find out, we used Insider Monkey's insider trading stock screener, focusing only on stocks where at least three insiders had sold shares in March. From there, we ranked the 20 stocks with the highest average price per share in times of sales. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). With each stock, we note the average price per share of these sales and the stock's market capitalization. A pump assembly line in a factory, illustrating the scale of the companies heat transfer solutions. Market Capitalization: $81.60 billion Trane Technologies plc (NYSE:TT) designs and manufactures solutions for heating, ventilation, air conditioning, and refrigeration. The Swords, Ireland-headquartered company offers a wide range of products, including air conditioners, heat pumps, chillers, dehumidifiers, energy-efficient systems, and transport refrigeration. It was founded in 1885 and was previously known as Ingersoll-Rand Plc before changing its name in March 2020. For the full year 2024, Trane Technologies (NYSE:TT) reported revenue of $19.8 billion, up 12% year-over-year. GAAP operating margin was up 120 bps from 2024. Bookings were $20.3 billion, up 11% year-over-year, led by Americas Commercial HVAC. This month, five insiders, including the CEO, sold approximately $16.03 million worth of Trane Technologies shares at an average price of $347.57 per share. Since the beginning of the year, the stock lost 1.48% trading at $363.88 per share. However, over the past 12 months, Trane Technologies returned 21.59% to its investors. Twelve Wall Street analysts rate Trane Technologies stock as 'Hold' with a price target of $424.55, according to TipRanks. The average price target suggests a potential upside of 16.57%. Trane Technologies (NYSE:TT) is also one of the . Overall, TT ranks 14th on our list of most expensive stocks insiders are dumping in March. While we acknowledge the potential of TT our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TT but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
