Trane Technologies Announces New $5 Billion Share Repurchase Program
Trane Technologies plc (TT)
Company Research
Source: Business Wire
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’s 2022 $3 billion program. As of October 31, 2024, the 2022 program had approximately $1.5 billion remaining.“Today’s announcement reflects our strong balance sheet, liquidity position and continued confidence in our ability to generate strong future free cash flow,” said Dave Regnery, chair and CEO of Trane Technologies. “We 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’s calculated intrinsic value.”The timing of the program will be dependent on the company’s available liquidity and cash flow, and general market conditions. The repurchase program may be execu
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Earnings
- 10/30/24 - Beat
TT
Sec Filings
- 12/5/24 - Form 4
- 12/4/24 - Form 144
- 11/21/24 - Form 8-K
- TT's page on the SEC website