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Trane Technologies plc

Trane Technologies plc

NYSE•TT
CEO: Mr. David S. Regnery
Sector: Industrials
Industry: Construction
Listing Date: 1980-03-17
Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, telematic, control, energy efficiency and infrastructure program, geothermal, thermal energy, thermostats, rate chambers, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, diesel-powered, truck, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration and air filtration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers; and through sales and service companies with a supporting chain of distributors. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.
Contact Information
170/175 Lakeview Drive, Airside Business Park, Swords, Ireland
353-1-870-7400
www.tranetechnologies.com
Market Cap
$85.42B
P/E (TTM)
29.3
29.8
Dividend Yield
1.0%
52W High
$476.19
52W Low
$298.15
52W Range
49%
Rank29Top 12.7%
5.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$5.74B+5.54%
4-Quarter Trend

EPS

$3.85+12.57%
4-Quarter Trend

FCF

$954.10M-21.43%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Revenue Growth Net revenues reached $16.18B USD for nine months, increasing 8.1% driven by pricing and volume strength.
Strong Net Earnings Performance Net earnings totaled $2.34B USD for nine months, showing a $361.2M increase over the prior year period.
Gross Margin Expansion Nine months gross profit margin improved 90 basis points to 36.8% due to productivity and price realization.

Risk Factors

Asbestos Bankruptcy Uncertainty Chapter 11 cases for Aldrich and Murray remain pending; ultimate liability resolution timeline is unpredictable.
Macroeconomic and Trade Risks Geopolitical risks, dynamic trade policies, and economic uncertainty could disrupt supply chains and impact performance.
Inventory Obsolescence Reserves Reserves for obsolete inventory were $168.1M USD at period end, requiring ongoing assessment and provisioning.

Outlook

Capital Return Strategy Repurchased $1.2B ordinary shares, exhausting 2022 Authorization; $5.0B remains available under the 2024 Authorization.
Sustainability Commitment Progress Advancing 2030 Gigaton Challenge goals, targeting carbon-neutral operations and zero waste-to-landfill initiatives.
Innovation Investment Focus Investing substantial resources in new product development and technology innovation, approximately 2% of annual revenues.

Peer Comparison

Revenue (TTM)

General Dynamics CorporationGD
$51.51B
+11.9%
Northrop Grumman CorporationNOC
$40.93B
-0.1%
3M CompanyMMM
$24.83B
+1.1%

Gross Margin (Latest Quarter)

Emerson Electric Co.EMR
51.9%
+0.6pp
Automatic Data Processing, Inc.ADP
45.2%
-4.6pp
3M CompanyMMM
41.8%
-0.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PH$110.88B30.226.5%33.7%
ADP$105.55B25.670.4%17.5%
GD$90.99B21.518.3%17.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.6%
Steady Growth
4Q Net Income CAGR
11.9%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 29, 2026
|
EPS:$2.82
|
Revenue:$5.09B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $5.74B+5.5%
    |
    EPS: $3.85+12.6%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 30, 2025|
    Revenue: $5.75B+8.3%
    |
    EPS: $3.92+17.7%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 30, 2025|
    Revenue: $4.69B+11.2%
    |
    EPS: $2.71+41.1%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 6, 2025|
    Revenue: $19.84B+12.2%
    |
    EPS: $11.44+29.3%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $5.44B+11.4%
    |
    EPS: $3.42+24.8%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $5.31B+12.8%
    |
    EPS: $3.33+29.6%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 30, 2024|
    Revenue: $4.22B+15.0%
    |
    EPS: $1.92+43.3%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 8, 2024|
    Revenue: $17.68B+10.5%
    |
    EPS: $8.85+17.2%
    Beat