Trane Technologies plc

$439.02

-0.26%

2026-09-02 16:00:03 EDT-$1.13

Industrials

Industrial - Machinery

NYSE

Active Trading

Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers ...

Price Action of TT

$439.02

-0.26%-$1.13

High—

Low—

52W High-13.2%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Trane Technologies plc is a global climate innovator that designs, manufactures, sells, and services solutions for heating, ventilation, air conditioning (HVAC), and transport refrigeration. The company operates through two primary segments: Americas and EMEA/APAC, under two well-known brands – Trane for commercial and residential HVAC systems, and Thermo King for ...Trane Technologies plc is a global climate innovator that designs, manufactures, sells, and services solutions for heating, ventilation, air conditioning (HVAC), and transport refrigeration. The company operates through two primary segments: Americas and EMEA/APAC, under two well-known brands – Trane for commercial and residential HVAC systems, and Thermo King for transport temperature control. Founded in 1885 as a family plumbing business in La Crosse, Wisconsin, by James Trane, the company has a rich history of innovation, including the development of the first convector radiator and later pioneering air conditioning. Today, Trane Technologies is headquartered in Swords, Ireland, and employs over 44,000 people worldwide, with a market capitalization exceeding $106 billion as of the latest data. The company is focused on its 2030 Sustainability Commitments, including the Gigaton Challenge to reduce customer greenhouse gas emissions by one billion metric tons. Its product portfolio includes air conditioners, heat pumps, chillers, controls, transport refrigeration units, and advanced digital solutions. With strong financial performance, including a gross profit margin of 35.4% and net profit margin of 13.3%, Trane Technologies continues to invest in innovation and sustainability, serving customers in buildings, homes, and transportation. Key leadership, including CEO Dave Regnery, drives a culture of integrity and 'Challenge Possible' mentality, aiming to create a more sustainable future.ExpandCollapse

Founded

1885

Employees

44000

CEO

David S. Regnery

Full Name

Trane Technologies plc

Sector

Industrials

Industry

Industrial - Machinery

ROE

34.49%

Market Cap

$96.59B

Current Ratio

1.07

WACC

9.93%

ROIC

23.61%

Contact Information

https://www.tranetechnologies.com

353 1 870 7400

170/175 Lakeview Drive, Swords, DU K67 E1H2

Key Metrics of TT

Snapshot

Latest / TTM · 6 periods

Market Cap

$96.59B

ROCE

25.7%

EV / EBITDA

23.32x

-0.6% YoY

FCF Yield

3.8%

+0.6% YoY

Cash Conversion Cycle

60.5d

Current Ratio

1.07

Quick take

TTM —

Positive CCC

Financial Highlights of TT

Profitability trend

Latest / TTM · 6 periods

Gross Margin

35.4%

Net Margin

13.3%

P/E Ratio

33.57x

n/a

Debt / Equity

0.53

n/a

Current Ratio

1.07

Dividend Yield

0.9%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of TT

Upcoming

Sep 4, 2026Today
Ex-dividend date
$3.98 per share
Sep 30, 2026In 26 days
Dividend payment
$3.98 per share
Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $4.71 · Revenue $6.47B · 12 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $3.60 · Revenue $5.94B · 11 analysts

Recent history

Jul 30, 2026
Q2 FY2026 · Results reported
EPS $4.15 · Revenue $6.35B
View filing
Apr 30, 2026
Q1 FY2026 · Results reported
EPS $2.62 · Revenue $4.97B
View filing
Feb 5, 2026
FY2025 · Annual results
EPS $12.98 · Revenue $21.32B
View filing
Oct 30, 2025
Q3 FY2025 · Results reported
EPS $3.78 · Revenue $5.74B
View filing
Jul 30, 2025
Q2 FY2025 · Results reported
EPS $3.89 · Revenue $5.75B
View filing
Apr 30, 2025
Q1 FY2025 · Results reported
EPS $2.67 · Revenue $4.69B
View filing

Financial Statements of TT

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$21.3B	+7.5%	+27.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$2.9B	+13.7%	+58.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+36.2%	+1.3%	+2.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+18.6%	+5.5%	+23.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+13.7%	+5.7%	+23.9%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$2.8B	+1.3%	+120.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+13.2%	-5.7%	+72.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	53.7%	-25.7%	-0.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.25x	+3.4%	-2.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$21.4B	+6.3%	+5.1%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	12.98 vs 13.02	-0.3%	4.15 vs 4.71	-11.8%
Revenue Surprise	$21.3B vs $21.3B	+0.3%	$6.4B vs $6.5B	-1.8%

Insider Transactions of TT

Acquisitions (A)

Since Jun 5, 2026

Disposals (D)

Since Jun 5, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 5, 2026	Regnery David S	director, officer: Chair and CEO	Ordinary Shares	A	43,778	$70.22
Aug 5, 2026	Regnery David S	director, officer: Chair and CEO	Ordinary Shares	D	43,778	$475.00
Aug 5, 2026	Regnery David S	director, officer: Chair and CEO	Stock Option (Right to Buy)	D	43,778	$70.22
Aug 4, 2026	Schaeffer Melissa N.	director	Ordinary Shares	D	145	$472.27
Jul 1, 2026	Simmons Donald E.	officer: EVP & Chief Operating Officer	Ordinary Shares	A	826	—

Earnings Call Transcript of TT

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Welcome to the Trane Technologies Q2 2026 Earnings Call. My name is Lisa, and I will be your operator for the call. The call will begin in a few moments with the speaker remarks and the Q&A session. . I will now turn the call over to Zac Nagle, Vice President of Investor Relations. Please go ahead, sir. Zac Nagle: Good morning, and thank you for joining us for Train Technologies Second Quarter 2026 Earnings Conference Call. You can access our webcast and slide presentation at tranetechnologies.com, A replay will be archived there as well. Today's discussion includes forward-looking statements. Key risk factors are listed in our SEC filings. We also use non-GAAP measures. Explanations and reconciliations are in our press release and presentation appendix. Joining me are David Regnery, Chair and CEO; Chris Kuehn, Executive Vice President and CFO, and joining us for Q&A is Donald Simmons, Executive Vice President and Chief Operating Officer. With that, I'll turn the call over to Dave. Dave? David Regnery: Thanks, Zach, and good morning, everyone. Please turn to Slide #3. I will start with a few thoughts on how our focused strategy continues to propel our performance. Elevated energy prices are driving companies to assess their operations, and customers are choosing train technologies to enhance performance, save energy and reduce operating costs. Our Smart systems integrated controls and Agentic AI allow buildings to predict, act and optimize in real time for industry-leading efficiency and resiliency. Our strategy is built on a strong foundation, our robust business operating system, a powerful cash flow engine and an uplifting engaging culture. This formula positions us to deliver differentiated long-term value to our people, our customers, our shareholders and our communities. Please turn to Slide #4. Q2 was another strong quarter. Enterprise organic bookings were up 37%, driving record backlog of $12.1 billion, up 70% year-over-year. Organic revenue grew 9%, led by America's Commercial HVAC and services and residential and adjusted EPS increased 11%. Our commercial HVAC businesses delivered outstanding performance, particularly in the Americas, where bookings reached an all-time high up 50% year-over-year. Applied bookings were up 130%, marking our fourth consecutive quarter of growth above 100%. On a 2-year stack, applied bookings are up more than 4x. We are fueling robust growth for 2026 and beyond. Our exceptional bookings, record backlog and healthy pipeline provides strong visibility to accelerating revenue in the second half. Our historic backlog also lays a strong foundation for continued market outperformance in the future. with approximately $6 billion slated for 2027 and beyond. Services, which represents about 1/3 of enterprise revenue continued to be a consistent, durable growth driver with low teens compound annual growth rate since 2020. Residential was strong in the quarter, and we expect second half tailwinds driven …

Leadership Team of TT

12 executives

Name	Title	Compensation	Gender	Year Born	Status
David S. Regnery	Chairman of the Board & Chief Executive Officer	USD 5,156,865	Male	1963	Active
Christopher J. Kuehn	Executive Vice President & Chief Financial Officer	USD 2,306,403	Male	1973	Active
Donald E. Simmons	Executive VP & COO	USD 1,645,130	Male	1972	Active
Mauro Atalla	Senior VP, Chief Technology & Sustainability Officer	USD 1,622,577	Male	1969	Active
Mingxiao Guo	Senior VP & Chief Global Integrated Supply Officer	USD 103,020	Male	1969	Active
Zachary A. Nagle	Vice President of Investor Relations	—	Male	—	Active
Carrie Amendum Ruddy	Senior Vice President, Chief Communications & Marketing Officer	—	Female	—	Active
Elizabeth Elwell	Vice President, Chief Accounting Officer & Principal Accounting Officer	—	Female	1974	Active
Mairead A. Magner	Senior Vice President & Chief Human Resources Officer	—	Female	1978	Active
Victoria Lazar	SVP, General Counsel & Corporate Secretary	—	Female	1966	Active
Jason E. Bingham	President of Residential HVAC & Supply	—	Male	—	Active
Allen W. Ge	Group President of Asia Pacific	—	Male	—	Active

Recent News of TT

Seeking Alpha7/30/2026Neutral

Trane Technologies plc (TT) Q2 2026 Earnings Call Transcript

Zacks Investment Research7/30/2026Neutral

TT's Q2 Earnings & Revenues Beat Estimates, Increase Year Over Year

Trane Technologies surpasses Q2 estimates as commercial HVAC demand, record backlog and stronger bookings support a higher 2026 outlook.

Zacks Investment Research7/30/2026Neutral

Trane Technologies (TT) Q2 Earnings and Revenues Beat Estimates

Trane Technologies (TT) came out with quarterly earnings of $4.31 per share, beating the Zacks Consensus Estimate of $4.27 per share. This compares to earnings of $3.88 per share a year ago.

Business Wire7/30/2026Neutral

Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $4.20 for the second quarter of 2026. Adjusted continuing EPS was $4.31, up 11 percent. Second-Quarter 2026 Results Financial Comparisons - Second-Quarter Continuing Operations $, millions except EPS Q2 2026 Q2 2025 Y-O-Y Change Organic Y-O-Y Change Bookings $7,818 $5,626 39% 37% Net Revenues $6,354 $5,746 11% 9% GAAP Opera.

Zacks Investment Research7/29/2026Neutral

Why Trane Technologies (TT) is a Top Growth Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Historical Employee Count of TT

Current

44,000

Change

-2.22%

Minimum

37,000

Maximum

45,000

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	44,000	10-K	Feb 5, 2026	View
Dec 31, 2024	45,000	10-K	Feb 6, 2025	View
Dec 31, 2023	40,000	10-K	Feb 8, 2024	View
Dec 31, 2022	39,000	10-K	Feb 10, 2023	View
Dec 31, 2021	37,000	10-K	Feb 7, 2022	View

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Trane Technologies plc