{"id":793261,"date":"2024-12-09T06:33:09","date_gmt":"2024-12-09T11:33:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/trane-technologies-announces-new-5-billion-share-repurchase-program\/"},"modified":"2024-12-09T06:33:09","modified_gmt":"2024-12-09T11:33:09","slug":"trane-technologies-announces-new-5-billion-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trane-technologies-announces-new-5-billion-share-repurchase-program\/","title":{"rendered":"Trane Technologies Announces New $5 Billion Share Repurchase Program"},"content":{"rendered":"

<\/p>\n

Trane Technologies Announces <\/b>New $5 Billion Share Repurchase Program<\/b><\/p>\n

SWORDS, Ireland–(BUSINESS WIRE<\/a>)–
\nThe Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, authorized a new share repurchase program of up to $5 billion, to commence upon the completion of the company\u2019s 2022 $3 billion program. As of October 31, 2024, the 2022 program had approximately $1.5 billion remaining.<\/p>\n

\n\u201cToday\u2019s announcement reflects our strong balance sheet, liquidity position and continued confidence in our ability to generate strong future free cash flow,\u201d said Dave Regnery, chair and CEO of Trane Technologies. \u201cWe remain committed to deploying 100% of excess cash over time through our balanced capital allocation strategy, which includes maintaining a competitive dividend that grows with earnings and repurchasing shares when they trade below the company\u2019s calculated intrinsic value.\u201d<\/p>\n

\nThe timing of the program will be dependent on the company\u2019s available liquidity and cash flow, and general market conditions. The repurchase program may be executed through various methods, including open market repurchases.<\/p>\n

About Trane Technologies<\/b><\/p>\n

\nTrane Technologies is a global climate innovator. Through our strategic brands Trane\u00ae and Thermo King\u00ae, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechnologies.com<\/a><\/p>\n

\nThis news release includes \u201cforward-looking statements\u201d within the meaning of securities laws, which are statements that are not historical facts, including statements that relate to the timing and execution of the Company\u2019s share repurchase program and the amount of shares to be repurchased (if any). These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2023, as well as our subsequent reports on Form 10-Q and other SEC filings. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. We assume no obligation to update these forward-looking statements.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241209481039\/en\/<\/a><\/span><\/p>\n

\nTravis Bullard
\n
+1 919-802-2593
\n
Media@tranetechnologies.com<\/a><\/p>\n

\nZachary Nagle
\n
+1 704-990-3913
\n
InvestorRelations@tranetechnologies.com<\/a><\/p>\n

KEYWORDS:<\/b> Ireland Europe<\/p>\n

INDUSTRY KEYWORDS:<\/b> HVAC Other Construction & Property Residential Building & Real Estate Manufacturing Construction & Property Building Systems<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Trane Technologies Announces New $5 Billion Share Repurchase Program SWORDS, Ireland–(BUSINESS WIRE)– The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, authorized a new share repurchase program of up to $5 billion, to commence upon the completion of the company\u2019s 2022 $3 billion program. As of October 31, 2024, the 2022 program had approximately $1.5 billion remaining. \u201cToday\u2019s announcement reflects our strong balance sheet, liquidity position and continued confidence in our ability to generate strong future free cash flow,\u201d said Dave Regnery, chair and CEO of Trane Technologies. \u201cWe remain committed to deploying 100% of excess cash over time through our balanced capital allocation strategy, which includes maintaining a competitive dividend that grows with earnings and … <\/p>\n

Continue reading “Trane Technologies Announces New $5 Billion Share Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-793261","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTrane Technologies Announces New $5 Billion Share Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trane-technologies-announces-new-5-billion-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trane Technologies Announces New $5 Billion Share Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Trane Technologies Announces New $5 Billion Share Repurchase Program SWORDS, Ireland–(BUSINESS WIRE)– The Board of Directors of Trane Technologies plc (NYSE:TT), a global climate innovator, authorized a new share repurchase program of up to $5 billion, to commence upon the completion of the company\u2019s 2022 $3 billion program. As of October 31, 2024, the 2022 program had approximately $1.5 billion remaining. \u201cToday\u2019s announcement reflects our strong balance sheet, liquidity position and continued confidence in our ability to generate strong future free cash flow,\u201d said Dave Regnery, chair and CEO of Trane Technologies. \u201cWe remain committed to deploying 100% of excess cash over time through our balanced capital allocation strategy, which includes maintaining a competitive dividend that grows with earnings and … Continue reading "Trane Technologies Announces New $5 Billion Share Repurchase Program"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/trane-technologies-announces-new-5-billion-share-repurchase-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-09T11:33:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20241209481039r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trane-technologies-announces-new-5-billion-share-repurchase-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trane-technologies-announces-new-5-billion-share-repurchase-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Trane Technologies Announces New $5 Billion Share Repurchase Program\",\"datePublished\":\"2024-12-09T11:33:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trane-technologies-announces-new-5-billion-share-repurchase-program\\\/\"},\"wordCount\":404,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trane-technologies-announces-new-5-billion-share-repurchase-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20241209481039r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trane-technologies-announces-new-5-billion-share-repurchase-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trane-technologies-announces-new-5-billion-share-repurchase-program\\\/\",\"name\":\"Trane Technologies Announces New $5 Billion Share Repurchase Program - 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