Trane Technologies plc (NYSE: TT)
Building Products & Equipment · Dublin, Ireland · Founded 1871
- Market capitalization: $80.0 billion
- Annual revenue: $18.0 billion
- Net income: $2.5 billion
- Employees: 40,000
- Sector: Industrials
- Headquarters: Dublin, Ireland
- Founded: 1871
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Trane Technologies makes HVAC systems, refrigeration equipment, and transport cooling under the Trane and Thermo King brands. They're a major beneficiary of the building decarbonization trend — heat pumps, energy-efficient HVAC, and sustainable refrigerants are all in their wheelhouse. The company was created from the Ingersoll Rand breakup.
Sell HVAC equipment and refrigeration systems to commercial, residential, and transport customers, then earn recurring revenue from service contracts and parts. The installed base of Trane systems in commercial buildings creates a long-tail service revenue stream.
Trane Technologies was created in 2020 when Ingersoll Rand spun off its industrial segment (which took the Ingersoll Rand name) and kept the climate businesses. The Trane brand dates back to 1885. Thermo King, which makes transport refrigeration, was acquired by Ingersoll Rand in 1997.
| Market Capitalization | $80.0B |
| Annual Revenue | $18.0B |
| Net Income | $2.5B |
| Profit Margin | 14% |
| Revenue per Employee | $450000K |
| Stock Exchange | NYSE |
| Ticker Symbol | TT |
Financial data is approximate and based on most recent annual filings.
Trane systems control the climate in roughly 30% of US commercial buildings. Thermo King's refrigeration units keep the cold chain running for food transport across the globe.
Trane Technologies is perfectly positioned for building decarbonization and energy efficiency mandates. The regulatory tailwinds are strong and getting stronger.
What is Trane Technologies plc's revenue?
Trane Technologies plc generates approximately $18.0 billion in annual revenue.
How many employees does Trane Technologies plc have?
Trane Technologies plc employs approximately 40,000 people worldwide.
What is Trane Technologies plc's market cap?
Trane Technologies plc (TT) has a market capitalization of approximately $80.0 billion on the NYSE.
When was Trane Technologies plc founded?
Trane Technologies plc was founded in 1871 and is headquartered in Dublin, Ireland.
Who is the CEO of Trane Technologies plc?
Dave Regnery is the current CEO of Trane Technologies plc.
What is Trane Technologies plc's website?
Trane Technologies plc's official website is tranetechnologies.com.
| CEO | Dave Regnery |
| Sector | Industrials |
| Industry | Building Products & Equipment |
| Founded | 1871 |
| HQ | Dublin |
| Country | Ireland |
| Website | tranetechnologies.com |
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