Every material Form 8-K Trane Technologies has filed with the SEC since October 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Trane Technologies reported third-quarter 2026 net revenues of $6.8 billion, representing an 18 percent increase year-over-year, alongside GAAP continuing EPS of $4.79 and adjusted continuing EPS of $4.86. Driven by strong demand and a backlog reaching $12.5 billion, the company raised its full-year 2026 reported revenue growth guidance to approximately 13.5 percent while reaffirming its full-year EPS guidance.
Third-quarter reported revenues reached $6.8 billion, up 18 percent compared with $5.7 billion in the third quarter of 2025.
GAAP continuing EPS was $4.79 and adjusted continuing EPS was $4.86, both increasing 25 percent year-over-year.
Total backlog stood at $12.5 billion as of the end of the third quarter of 2026, up 73 percent.
Full-year 2026 reported revenue growth guidance was raised to approximately 13.5 percent.
Trane Technologies reported second-quarter 2026 revenue of $6.4 billion, up 11 percent, and GAAP continuing EPS of $4.20 versus $3.87 a year earlier. The company raised its full-year 2026 revenue and EPS guidance, citing strong commercial HVAC demand and a record backlog of $12.1 billion.
Q2 2026 net revenues $6,354 million, up 11 percent; organic revenues up 9 percent
Adjusted continuing EPS $4.31, up 11 percent from $3.88; GAAP continuing EPS $4.20 versus $3.87
Full-year 2026 adjusted continuing EPS guidance raised to $15.20 to $15.30; GAAP EPS guidance $15.00 to $15.10
Record backlog of $12.1 billion; EMEA adjusted operating margin fell 420 basis points to 13.1 percent
Trane Technologies said its Senior Vice President and Chief Global Integrated Supply Chain Officer, Mingxiao (Gary) Guo, will leave the company effective August 1, 2026, under a separation agreement. The filing says the departure is not the result of any disagreement with the company on operations, policies, practices, controls or financial matters.
Mingxiao (Gary) Guo's departure is effective August 1, 2026; the decision was made July 20, 2026.
Under the separation agreement, the company is forgoing the clawback of certain sign-on bonus payments made to Mr. Guo.
The filing states the departure is not due to any disagreement on operations, policies, practices, controls or financial matters.
Trane Technologies appointed Donald (Donny) Simmons, currently Group President, Americas, as Executive Vice President and Chief Operating Officer effective July 1, 2026, reporting to Chair and CEO Dave Regnery. The filing sets his base salary at $950,000 and his annual equity award target at $4,300,000, and says the role will oversee the company's regional business units and operations.
Simmons, age 55, has been Group President, Americas since January 2024 and is a 25-year company veteran, according to the press release.
Offer letter dated June 5, 2026 sets a $950,000 base salary, a 100% Annual Incentive Matrix Program target and a $4,300,000 annual equity award target.
One-time long-term equity grant of $400,000 in restricted stock units and $400,000 in stock options, each vesting ratably over three years.
Announced in an 8-K and press release dated June 10, 2026.
Trane Technologies reported first-quarter 2026 net revenues of $4.97 billion, up 6%, and diluted GAAP continuing EPS of $2.66, down 2% from $2.71 a year earlier. Adjusted continuing EPS was $2.63, up 7%. The company raised its full-year 2026 guidance to reported revenue growth of about 9.5% and EPS of $14.75 to $14.95, while GAAP operating margin fell 190 basis points to 15.6%.
Q1 2026 net revenues of $4.97 billion, up 6%; organic revenues up 3%
GAAP continuing EPS of $2.66 versus $2.71 in Q1 2025; adjusted continuing EPS of $2.63, up 7%
Full-year 2026 guidance: reported revenue growth of about 9.5%, organic growth of about 7%, and EPS of $14.75 to $14.95
Record backlog of $10.7 billion at March 31, 2026; bookings up 27% to $6.7 billion
Trane Technologies entered a new $1.5 billion senior unsecured revolving credit agreement dated April 23, 2026, with a term through April 23, 2031. The company terminated its $1 billion facility from 2022, which was set to expire April 25, 2027, and will use the new facility to repay amounts outstanding under it, for working capital, commercial paper support and general corporate purposes.
New $1.5 billion senior unsecured revolving credit agreement, maturing April 23, 2031
Replaces $1 billion revolving credit agreement from April 25, 2022, terminated effective April 23, 2026
Proceeds may fund working capital, commercial paper programs, general corporate purposes and repayment of 2022 facility amounts
All obligations guaranteed on a senior basis by the Guarantors, including Trane Technologies plc
Trane Technologies reported fourth-quarter 2025 revenue of $5.1 billion, up 6 percent, and adjusted continuing EPS of $2.86, up 10 percent, with GAAP continuing EPS of $2.74. For full-year 2025, revenue was $21.3 billion, up 7 percent, and GAAP continuing EPS was $13.14, up 16 percent. The company guided to 2026 GAAP and adjusted continuing EPS of $14.65 to $14.85, with reported revenue growth of 8.5 to 9.5 percent.
Q4 2025 reported revenues $5.1 billion, up 6 percent; organic revenues up 4 percent
Q4 2025 GAAP operating margin fell 70 basis points to 15.9 percent; adjusted operating margin was flat at 16.3 percent
Full-year 2025 GAAP continuing EPS $13.14 and adjusted $13.06, up 16 percent
2026 guidance: EPS $14.65 to $14.85 and reported revenue growth of approximately 8.5 to 9.5 percent
Trane Technologies reported third-quarter 2025 results on October 30, 2025, in a press release furnished as Exhibit 99.1. Adjusted continuing EPS rose 15% to $3.88 and net revenues rose 6% to $5.7 billion, while GAAP continuing EPS was $3.82, up 11%. The company also gave full-year 2025 adjusted continuing EPS guidance of $12.95 to $13.05; the filing does not say how this compares with prior guidance.
Adjusted continuing EPS of $3.88 versus $3.37 a year earlier, up 15%; GAAP continuing EPS of $3.82 versus $3.43.
Net revenues of $5.7 billion, up 6% (organic up 4%); bookings of $6 billion, up 15%, which the company called all-time-high quarterly bookings.
Full-year 2025 guidance: adjusted continuing EPS of $12.95 to $13.05 and GAAP continuing EPS of $13.15 to $13.25.
Trane Technologies reported second-quarter 2025 net revenues of $5.7 billion, up 8 percent, with GAAP continuing EPS of $3.87, up 16 percent, and adjusted continuing EPS of $3.88, up 18 percent. The company raised its full-year 2025 revenue and EPS guidance, now expecting reported revenue growth of about 9 percent and adjusted continuing EPS of about $13.05.
Q2 2025 net revenues of $5,746 million, up 8 percent; GAAP continuing EPS $3.87 versus $3.33 a year earlier
Full-year 2025 guidance: reported revenue growth of about 9 percent, GAAP continuing EPS of about $13.30, adjusted continuing EPS of about $13.05
Record enterprise bookings of $5.6 billion, up 5 percent; backlog of $7.1 billion at June 30, 2025
Trane Technologies entered a new $1 billion senior unsecured revolving credit agreement dated May 27, 2025, which runs through May 27, 2030. The company terminated its 2021 revolving credit agreement, which was set to expire June 18, 2026, and the new facility will be used for working capital, commercial paper support and general corporate purposes.
New $1 billion senior unsecured revolving credit agreement dated May 27, 2025, maturing May 27, 2030
Replaces the $1 billion 2021 revolving credit agreement, which was scheduled to expire June 18, 2026
Obligations guaranteed on a senior basis by the Guarantors, with covenants customary for credit facilities of this type
Trane Technologies said its Senior Vice President, General Counsel and Secretary, Evan M. Turtz, notified the company on May 28, 2025 of his decision to retire. He will stay through a transition period, and the company will announce his successor later.
Evan M. Turtz, SVP, General Counsel and Secretary, notified the company of his retirement on May 28, 2025
Retirement will take effect later in the year, after a transition period
A successor has not yet been named; the company will announce one once selected
Trane Technologies reported first-quarter 2025 revenue of $4.7 billion, up 11% from a year earlier, with GAAP continuing EPS of $2.71 and adjusted continuing EPS of $2.45, up 26%. The company reaffirmed its full-year 2025 guidance and said it expects to perform toward the high end of its revenue and EPS ranges, which matters to shareholders because it signals confidence in the year despite a dynamic macro environment. GAAP results include a $61.2 million non-cash contingent consideration adjustment that is excluded from adjusted figures.
Enterprise bookings of $5.3 billion, a book-to-bill of 113%, and enterprise backlog of $7.3 billion, up about $500 million from year-end 2024
GAAP operating margin rose to 17.5% from 15.0%; adjusted operating margin rose to 16.2% from 15.2%
EMEA GAAP operating margin fell 260 basis points to 14.5%, while Americas revenue rose 14%
Full-year 2025 adjusted continuing EPS guidance of $12.70 to $12.90 was reaffirmed; GAAP guidance is $12.95 to $13.15
Trane Technologies' board increased its size from 12 to 13 members and elected Matthew Pine, president and CEO of Xylem Inc., as an independent director effective April 1, 2025. Pine is expected to stand for election at the company's 2025 annual shareholder meeting, and he has not yet been named to any board committee.
Board expanded from 12 to 13 members; Pine elected effective April 1, 2025
Pine has been president and CEO of Xylem Inc. since January 2024 and has more than 25 years of industry experience
Pine will receive non-management director compensation described in the April 25, 2024 proxy statement
Filing states no arrangements with other persons and no related-party transactions requiring disclosure
Trane Technologies reported fourth-quarter and full-year 2024 results on January 30, 2025, in a press release attached as Exhibit 99.1. Revenue and continuing earnings per share rose in both periods, and the company guided to 2025 GAAP and adjusted continuing EPS of $12.70 to $12.90. For shareholders, the filing shows higher sales and earnings for 2024 and a published 2025 EPS range.
Q4 2024 reported revenues of $4.9 billion, up 10 percent; GAAP continuing EPS of $2.67 versus $2.23 a year earlier
Full-year 2024 reported revenues of $19.8 billion, up 12 percent; GAAP continuing EPS of $11.35 versus $8.89
2025 guidance: GAAP and adjusted continuing EPS of $12.70 to $12.90; reported revenue growth of approximately 6.5 to 7.5 percent
Full-year 2024 free cash flow of $2.8 billion; $1.3 billion deployed on share repurchases
Trane Technologies said its Executive Vice President and Chief Technology and Sustainability Officer, Paul A. Camuti, will retire effective December 31, 2024. He will stay in the role through year-end to ensure a smooth leadership transition, and the company said his departure is not related to any disagreement on financial reporting, controls, accounting, auditing, or policies.
Paul A. Camuti notified the company on November 20, 2024 of his retirement
Retirement is effective December 31, 2024; he remains in his role until then
He oversees technical strategy, innovation practices, and sustainability efforts
The company cited 13 years of service and said the departure is not due to any disagreement
Trane Technologies reported third-quarter 2024 revenue of $5.4 billion, up 11 percent, and adjusted continuing EPS of $3.37, up 21 percent. The company raised its full-year 2024 revenue growth and adjusted EPS guidance, which it now expects to be about 11 percent and $11.10, respectively.
Q3 2024 GAAP continuing EPS was $3.43 versus $2.74 a year earlier; adjusted continuing EPS was $3.37 versus $2.79.
Bookings were $5.2 billion, up 5 percent, and backlog was $7.2 billion, up from $6.9 billion at year-end 2023.
Asia Pacific net revenues fell 21 percent to $298.5 million, while Americas revenues rose 15 percent to $4.5 billion.
Year-to-date through September 30, 2024, cash flow from continuing operating activities was $2.3 billion and free cash flow was $2 billion.
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