Recent Updates — TT
Trane Technologies plc reported second quarter 2026 results with organic bookings up 37 percent and a record backlog of $12.1 billion, up 70 percent. Reported revenues reached $6.4 billion, an 11 percent increase, while adjusted continuing EPS rose 11 percent to $4.31 per share. The company raised its full-year 2026 guidance, projecting reported revenue growth of approximately 11.5 percent and adjusted continuing EPS between $15.20 and $15.30. Trane Technologies plc is a global climate innovator that provides heating, cooling, ventilation, and transport refrigeration systems for buildings and transportation.
Trane Technologies plc announced that Mingxiao (Gary) Guo, Senior Vice President and Chief Global Integrated Supply Chain Officer, will depart the company effective August 1, 2006. The departure is not due to any disagreement with the company's operations, policies, or financial controls. Trane Technologies plc is a provider of climate control solutions and climate technology solutions.
Trane Technologies plc appointed Donald E. Simmons as Executive Vice President and Chief Operating Officer, effective July 1, 2026. Mr. Simmons, previously Group President, Americas, will receive a base salary of $950,000, a 100% Annual Incentive Matrix Program target, and an annual equity award target of $4,300,000. He will also receive a one-time long-term equity incentive grant of $400,000 in Restricted Stock Units and $400,000 in stock options, vesting over three years. Trane Technologies plc is a provider of climate control solutions and HVAC systems.
Trane Technologies PLC shareholders elected eleven directors and approved the appointment of PricewaterhouseCoopers as independent auditors at the 2026 Annual General Meeting. Shareholders also approved executive compensation with 162,510,140 votes in favor and authorized proposals regarding the authority to issue shares and the reallotment of treasury shares.