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COMPANY BENCHMARKING • UNITED STATES

Trane Technologies Plc - Company Profile

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Trane Technologies Plc - Overview

Brands
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Description
Trane Technologies is a public company headquartered in Ireland with an estimated 39,000 employees. In the US, the company has a notable market share in at least three industries: Heating & Air Conditioning Equipment Manufacturing, Air & Gas Compressor Manufacturing, Industrial Spraying Equipment Manufacturing and Air & Gas Compressor Manufacturing. Their largest market share is in the Heating & Air Conditioning Equipment Manufacturing industry, where they account for an estimated 20.6% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Trane Technologies Plc

Company Type: Operating

Exchange: NYSE

Headquarters: 170/175 Lakeview Drive L2 K67 EW96

Website: https://www.tranetechnologies.com/en/index.html

Employees: 39000

Trane Technologies Plc - Operating Industries and Main Competitors

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Trane Technologies Plc - Products and Services

  • Heating & Air Conditioning Equipment Manufacturing in the US

  • Of the 5 core revenue-generating products and services in the Heating & Air Conditioning Equipment Manufacturing in the US industry, Trane Technologies Plc offers:
    • Air conditioning, warm air heating and refrigeration equipment
    • Air purification equipment
    • Heating equipment
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  • Air & Gas Compressor Manufacturing in the US

  • Of the 6 core revenue-generating products and services in the Air & Gas Compressor Manufacturing in the US industry, Trane Technologies Plc offers:
    • Industrial spraying equipment
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Trane Technologies Plc - Analyst Insights

Trane Technologies completed the acquisition of Farrar Scientific

In September of 2021, Trane Technologies PLC (Trane) announced that it had completed its acquisition of Farrar Scientific, a producer of ultra-low temperature control technologies for biopharmaceutical and other life science applications. Farrar Scientific has been incorporated into Trane’s Life Science Solutions segment.

M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Trane Technologies Plc - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Trane Technologies Plc's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Heating & Air Conditioning Equipment Manufacturing in the US, Air & Gas Compressor Manufacturing in the US, and Industrial Spraying Equipment Manufacturing in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Trane Technologies Plc - Financial Statements & Ratios

pie_chartTrane Technologies Plc Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Revenue17,677.615,991.714,136.412,454.713,075.912,343.8
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartTrane Technologies Plc Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Cash and Equivalents1,095.31,220.52,159.23,289.91,278.6878.4
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartTrane Technologies Plc Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Net Income2,041.71,774.71,436.6870.01,428.51,357.5
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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