OverviewSuggest Edit

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
Employee Ratings4

Latest Updates

Employees (est.) (Dec 2019)47,178(+6%)
Job Openings1,726
Revenue (FY, 2020)$12.5 B(-24%)
Share Price (Sept 2021)$187(+2%)
Cybersecurity ratingAMore

Key People/Management at Trane Technologies

Michael W. Lamach

Michael W. Lamach

Chairman, CEO
Vicente Reynal

Vicente Reynal

Chief Executive Officer
Marcia Avedon

Marcia Avedon

Executive Vice President and Chief Human Resources, Marketing and Communications Officer
Gary Gillespie

Gary Gillespie

Vice President and General Manager, Industrial Technologies and Services, Americas
Jason Bingham

Jason Bingham

President, Residential HVAC & Supply
Maria Blase

Maria Blase

President of HVAC and Transport Latin America
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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, NC, US
800-E Beaty St
Miami, FL, US
7650 NW 19th St
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Trane Technologies Financials and Metrics

Trane Technologies Revenue

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Trane Technologies's revenue was reported to be $12.45 b in FY, 2020
USD

Revenue (Q1, 2021)

3.0b

Gross profit (Q1, 2021)

953.2m

Gross profit margin (Q1, 2021), %

31.6%

Net income (Q1, 2021)

237.8m

EBIT (Q1, 2021)

353.2m

Market capitalization (15-Sept-2021)

44.7b

Closing stock price (15-Sept-2021)

187.0
Trane Technologies's current market capitalization is $44.7 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

14.2b15.7b16.6b12.5b

Revenue growth, %

5%10%6%

Cost of goods sold

9.8b10.8b11.5b8.7b

Gross profit

4.4b4.8b5.1b3.8b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

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

Cost of goods sold

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

Gross profit

874.5m1.3b1.2b964.3m1.4b1.3b1.1b1.4b1.4b742.5m978.3m1.1b953.2m

Gross profit Margin, %

29%32%32%28%32%33%30%32%32%28%31%32%32%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.5b903.4m1.3b3.3b

Accounts Receivable

2.5b2.7b2.8b2.2b

Inventories

1.6b1.7b1.7b1.2b

Current Assets

6.1b5.7b6.2b6.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

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

Accounts Receivable

2.2b2.6b2.5b2.5b2.9b2.8b2.7b3.1b3.0b2.1b2.3b2.3b2.2b

Inventories

1.6b1.6b1.7b1.8b1.7b1.8b2.0b2.0b1.9b1.5b1.2b1.4b

Current Assets

5.4b5.9b5.8b6.1b6.2b6.1b7.1b6.4b6.1b6.6b6.3b7.0b6.6b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.3b1.4b1.4b

Depreciation and Amortization

353.3m361.5m397.4m294.3m

Inventories

(112.4m)(169.9m)18.4m

Accounts Payable

167.2m120.7m80.6m75.8m
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

A

91/100

SecurityScorecard logo

Trane Technologies Online and Social Media Presence

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Trane Technologies News and Updates

Honeywell Continues Transition To Next-Generation Refrigerant In Collaboration With Trane Technologies

MORRIS PLAINS, N.J., June 29, 2021 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced it will partner with Trane Technologies (NYSE: TT) to accelerate the transition to a next-generation, environmentally preferable refrigerant by field testing Honeywell's Solstice® N41 (R-466A), the...

Trane Technologies to Virtually Present at the 2021 Barclays Industrials Select Conference

Trane Technologies plc (NYSE: TT) a global climate innovator, announced today that company leadership will participate in a virtual fireside chat at the 2021 Barclays Industrial Select Conference. They will speak at 4:10 PM ET on Tuesday, February 16, 2021.

Trane Technologies to Virtually Present at the 2021 Citi Global Industrials Conference

Trane Technologies plc (NYSE: TT) a global climate innovator, announced today that company leadership will participate in a virtual fireside chat at the 2021 Citi Global Industrials Conference. They will speak at 11:20 AM ET on Wednesday, February 17, 2021.

Trane Technologies Reports Strong Fourth-Quarter and Full-Year 2020 Results in Challenging Economic Environment

Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $1.01 for the fourth quarter of 2020. Adjusted continuing EPS was $1.03, up 12 percent, which excludes costs primarily related to planned restructuring and tran…

Trane Technologies Increases Dividend 11% and Authorizes New $2 Billion Share Repurchase Program

The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, declared a quarterly dividend of $0.59 cents per ordinary share, or $2.36 annualized, reflecting an 11% increase. Trane Technologies has paid consecutive quarterly cash dividends on its common shares since 1919 a…

Trane Technologies Named One of the World’s Most Admired Companies by Fortune

Fortune Magazine has named Trane Technologies plc (NYSE:TT), a global climate innovator, to its World’s Most Admired Companies list. The company has been on the list for nine years, and now appears for the first time under the Trane Technologies name.
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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, Vicente Reynal and Marcia Avedon.

  • How many employees does Trane Technologies have?

    Trane Technologies has 47,178 employees.

  • What is Trane Technologies revenue?

    Latest Trane Technologies annual revenue is $12.5 b.

  • What is Trane Technologies revenue per employee?

    Latest Trane Technologies revenue per employee is $264 k.

  • Who are Trane Technologies competitors?

    Competitors of Trane Technologies include Carrier, AAON and Ingersoll Rand.

  • 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.