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Trane Technologies (formerly known as Ingersoll-Rand) is a company that specializes in global climate technologies. It operates Climate segment that delivers energy-efficient products and energy services. The company offers Trane and American Standard Heating & Air Conditioning which provide heating, ventilation, and air conditioning (HVAC) systems, and commercial and residential building services, parts, support, and controls; energy services and building automation through Trane Building Advantage and Nexia; and Thermo King transport temperature control solutions. The company's Industrial segment is now a part of Ingersoll-Rand (formerly Gardner Denver).

TypePublic
Founded1871
HQDublin, IE
Websitetranetechnologies.com

Latest Updates

Employees (est.) (Dec 2019)47,178(+6%)
Job Openings564
Revenue (FY, 2019)$16.6 B(+6%)
Share Price (Nov 2020)$148 (+4%)
Cybersecurity ratingBMore

Key People/Management at Trane Technologies

Michael W. Lamach

Michael W. Lamach

Chairman, CEO
Marcia Avedon

Marcia Avedon

Executive Vice President and Chief Human Resources, Marketing and Communications Officer
Jason Bingham

Jason Bingham

President, Residential HVAC & Supply
Paul Camuti

Paul Camuti

Executive Vice President and Chief Technology and Strategy Officer
Karin de Bondt

Karin de Bondt

President, Thermo King Americas
Allen Ge

Allen Ge

President, HVAC and Transport Solutions Asia Pacific and India
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Trane Technologies Office Locations

Trane Technologies has offices in Dublin, Davidson, Miami, Sint-Stevens-Woluwe and in 1 other location
Dublin, IE (HQ)
Unit 100, Airside Business Park, Swords, Co. Dublin
Sint-Stevens-Woluwe, BE
6 Lenneke Marelaan
Shanghai, CN
10/F, Tower B, City Center of Shanghai 100 Zun Yi Road
Davidson, US
800-E Beaty St
Miami, US
7650 NW 19th St
Show all (6)

Trane Technologies Financials and Metrics

Trane Technologies Revenue

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Trane Technologies's revenue was reported to be $16.60 b in FY, 2019 which is a 5.9% increase from the previous period.
USD

Revenue (Q3, 2020)

3.5b

Gross profit (Q3, 2020)

1.1b

Gross profit margin (Q3, 2020), %

32.5%

Net income (Q3, 2020)

404.6m

EBIT (Q3, 2020)

566.9m

Market capitalization (13-Nov-2020)

35.5b

Closing stock price (13-Nov-2020)

148.0

Cash (30-Sept-2020)

3.2b

EV

37.6b
Trane Technologies's current market capitalization is $35.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

14.2b15.7b16.6b

Revenue growth, %

5%10%6%

Cost of goods sold

9.8b10.8b11.5b

Gross profit

4.4b4.8b5.1b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

3.0b3.9b3.7b3.4b4.4b4.0b3.6b4.5b4.3b2.6b3.1b3.5b

Cost of goods sold

2.1b2.7b2.5b2.4b3.0b2.7b2.5b3.1b2.9b1.9b2.2b2.4b

Gross profit

874.5m1.3b1.2b964.3m1.4b1.3b1.1b1.4b1.4b742.5m978.3m1.1b

Gross profit Margin, %

29%32%32%28%32%33%30%32%32%28%31%32%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

1.5b903.4m1.3b

Accounts Receivable

2.5b2.7b2.8b

Inventories

1.6b1.7b1.7b

Current Assets

6.1b5.7b6.2b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.3b1.3b1.3b1.2b969.5m1.0b1.9b875.6m830.9m2.6b2.4b3.2b

Accounts Receivable

2.2b2.6b2.5b2.5b2.9b2.8b2.7b3.1b3.0b2.1b2.3b2.3b

Inventories

1.6b1.6b1.7b1.8b1.7b1.8b2.0b2.0b1.9b1.5b1.2b

Current Assets

5.4b5.9b5.8b6.1b6.2b6.1b7.1b6.4b6.1b6.6b6.3b7.0b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

1.3b1.4b1.4b

Depreciation and Amortization

353.3m361.5m397.4m

Inventories

(112.4m)(169.9m)18.4m

Accounts Payable

167.2m120.7m80.6m
USDQ1, 2017

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

2.6 x
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Trane Technologies Operating Metrics

FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020

Bookings

$13.67 b$3.44 b$3.85 b$3.65 b$3.56 b$14.49 b$3.91 b$4.55 b$4.05 b$4.14 b$16.65 b$3.74 b$4.45 b$4.16 b$3.98 b$16.33 b$3.07 b

Bookings (Climate)

$2.67 b$3.12 b$2.89 b$2.73 b$3.07 b$3.73 b$3.24 b$3.27 b$2.92 b$3.53 b$3.27 b$3.06 b

Bookings (Industrial)

$762 m$733 m$760 m$834 m$842 m$821 m$809 m$867 m$824 m$913 m$894 m$918 m

Bookings (Americas)

$2.37 b
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Trane Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
EcoFactorJune 13, 2019
Precision Flow SystemsMay 16, 2019$1.46 b
ICS Cool EnergyJanuary 22, 2018
CALMAC CorpNovember 08, 2017
FRIGOBLOCKMarch 04, 2015€100 m
Cameron International Corporation - Centrifugal Compression BusinessJanuary 01, 2015$850 m
200 PARK, INC.
ACCUDYNE INDUSTRIES ACQUISITION S.À R.L
ACCUDYNE INDUSTRIES ASIA PTE. LTD.
ACCUDYNE INDUSTRIES BORROWER S.C.A.
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Trane Technologies Revenue Breakdown

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Trane Technologies revenue breakdown by business segment: 21.2% from Climate and 78.8% from Industrial

Trane Technologies revenue breakdown by geographic segment: 66.0% from United States and 34.0% from Non-U.S.

Human Capital Metrics

Trane Technologies's employees are reported to be approximately 14% female and 86% male.
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Trane Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Trane Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Trane Technologies Online and Social Media Presence

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Trane Technologies News and Updates

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Industrial company Ingersoll-Rand PLC said Tuesday it has named Christopher Kuehn as its chief financial officer, effective next year, replacing Susan Carter, who is retiring. Kuehn is vice president and chief accounting officer at the Dublin-based company, which he joined in 2015. The executive ha…

6 Tips For Sustainable Manufacturing Innovation - Ingersoll Rand Executive

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Transport Refrigeration Units Market Emerging Trends and Strong Application Scope by 2024| Daikin Industries, Carrier, Ingersoll Rand, Mitsubishi Heavy Industries

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HVAC Equipment 2018 Global Market Key Players – Carrier, DAIKIN INDUSTRIES, Ingersoll Rand, Johnson Controls, LG Electronics – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global HVAC Equipment Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
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Trane Technologies Frequently Asked Questions

  • When was Trane Technologies founded?

    Trane Technologies was founded in 1871.

  • Who are Trane Technologies key executives?

    Trane Technologies's key executives are Michael W. Lamach, Marcia Avedon and Jason Bingham.

  • How many employees does Trane Technologies have?

    Trane Technologies has 47,178 employees.

  • What is Trane Technologies revenue?

    Latest Trane Technologies annual revenue is $16.6 b.

  • What is Trane Technologies revenue per employee?

    Latest Trane Technologies revenue per employee is $351.8 k.

  • Who are Trane Technologies competitors?

    Competitors of Trane Technologies include AAON, Ingersoll Rand and Lennox International.

  • Where is Trane Technologies headquarters?

    Trane Technologies headquarters is located at Unit 100, Airside Business Park, Swords, Co. Dublin, Dublin.

  • Where are Trane Technologies offices?

    Trane Technologies has offices in Dublin, Davidson, Miami, Sint-Stevens-Woluwe and in 1 other location.

  • How many offices does Trane Technologies have?

    Trane Technologies has 6 offices.