Trane Technologies PLC (N:TT)
Business Focus: Heating, Ventilation & Air Conditioning Systems
| Sector: Industrials | Industry: Electrical Components & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 170/175 Lakeview Drive Airside Business Park, Swords, SWORDS 00000 |
| Tel: | N/A |
| Website: | https://www.tranetechnologies.com |
| IR: | See website |
| Key People | ||
| David S. Regnery Chairman of the Board, Chief Executive Officer | Christopher J. Kuehn Chief Financial Officer, Executive Vice President | Mairead A. Magner Chief Human Resource Officer, Senior Vice President |
| Paul A. Camuti Executive Vice President, Chief Technology Officer and Strategy Officer | Raymond D. Pittard Executive Vice President - Supply Chain, Engineering and Information Technology | Evan M. Turtz Senior Vice President, General Counsel, Secretary |
| Keith A. Sultana Senior Vice President - Supply Chain and Operational Services | Elizabeth Elwell Chief Accounting Officer, Vice President | |
| Business Overview |
| Trane Technologies PLC is a global climate innovator. Through its brands, such as Trane and Thermo King, and its portfolio of products and services, it brings climate solutions to buildings, homes, and transportation. Its segments include the Americas, EMEA and Asia Pacific. Its Americas segment serves customers in North America and Latin America and includes commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions. Its EMEA segment serves customers in the Europe, Middle East and Africa region and includes heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions. Its Asia Pacific segment serves customers throughout the Asia Pacific region and includes heating and cooling systems and solutions. It also offers cloud-based connected workplace and enterprise asset management products and solutions. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Trane Technologies PLC revenues increased 11% to $17.68B. Net income before extraordinary items increased 15% to $2.05B. Revenues reflect Equipment segment increase of 10% to $11.98B, Services segment increase of 13% to $5.7B. Net income benefited from Interest income increase of 67% to $15.4M (income). Dividend per share increased from $2.68 to $3.00. |
| Employees: | 40,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $70,957M as of Dec 31, 2023 |
| Annual revenue (TTM): | $17,678M as of Dec 31, 2023 |
| EBITDA (TTM): | $3,261M as of Dec 31, 2023 |
| Net annual income (TTM): | $2,051M as of Dec 31, 2023 |
| Free cash flow (TTM): | $1,405M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,685M as of Dec 31, 2023 |
| Shares outstanding: | 227,173,161 as of Dec 31, 2023 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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