Trane Technologies plc (TT)

Sector: Industrials|Industry: Building Products & Equipment|Market Cap: $85.16B|Employees: 40K


Trane Technologies is a global climate innovator, providing sustainable and efficient solutions for buildings, homes, and transportation. The company's core business revolves around designing, manufacturing, selling, and servicing HVAC systems, transport refrigeration, and custom refrigeration solutions. With a strong global presence, Trane Technologies leverages its strategic brands, Trane and Thermo King, and a focus on recurring revenue through services and rentals, positioning itself as an industry leader.

  1. Filings

Filing Highlights

Financial Performance

Q2 2024 net revenues reached $5.3B, up 12.8% YoY, driven by strong demand across Americas and EMEA segments. This growth indicates a robust market position and effective sales strategies.

Gross profit margin increased to 36.5% in Q2 2024, a 280 basis point improvement YoY, primarily due to gross productivity and price realization. This indicates improved operational efficiency and pricing power.

Selling and administrative expenses increased by 28.9% YoY to $901.3 million, driven by increased human capital costs and business reinvestment. This increase outpaces revenue growth, suggesting potential margin pressure.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG Initiatives

Market Environment