The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, declared a quarterly dividend of $0.94 per ordinary share, or $3.76 per share annualized. The dividend is payable on June 30, 2025, to shareholders of record as of June 6, 2025.

Trane Technologies has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.

Ethisphere Recognizes Trane Technologies as One of the World’s Most Ethical Companies®

Trane Technologies has appointed Matthew Pine, President and CEO of Xylem Inc., to its Board of Directors, effective April 1, 2025. This brings the Board size to 13 members. Pine is expected to be a nominee for election at the 2025 Annual Meeting of Shareholders. He will participate in the company's non-management director compensation program. There are no related transactions or arrangements requiring additional disclosure. The appointment was announced on February 6, 2025.

Trane Technologies reported strong financial results for the fourth quarter and full-year 2024, with significant revenue growth, improved margins, and strong cash flow.

Fourth-quarter revenues reached $4.9 billion, up 10% from the previous year. GAAP operating margin increased by 110 basis points, while adjusted operating margin rose by 70 basis points. Adjusted EBITDA margin improved to 18.3%, and adjusted EPS grew by 20% to $2.61. Bookings increased by 2%, led by high single-digit growth in Americas Commercial HVAC.

For the full year, reported revenues totaled $19.8 billion, reflecting a 12% increase. GAAP operating margin improved by 120 basis points, and adjusted EBITDA margin expanded by 140 basis points. Adjusted EPS rose by 24% to $11.22. Bookings grew by 11%, and the company ended the year with a $6.75 billion backlog, positioning it well for 2025. Free cash flow conversion remained strong at 109%.

The Americas segment saw 12% revenue growth in Q4, driven by strong commercial HVAC bookings. The EMEA segment reported 5% revenue growth, with organic revenues up 7%. The Asia Pacific segment experienced 1% revenue growth, but operating margins expanded significantly.

For 2025, Trane Technologies expects revenue growth of 6.5% to 7.5%, with organic revenue growth of 7% to 8%. GAAP and adjusted EPS are projected to be between $12.70 and $12.90. The company remains focused on sustainability, innovation, and long-term shareholder value, maintaining a strategy of reinvestment and strong cash flow management.