Trane Technologies Delivers Solid Q4 and Full-Year 2025 Performance, Backed by Strong Bookings and Backlog

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IRELAND: Trane Technologies plc, a global climate innovation company, reported diluted earnings per share (EPS) from continuing operations of $2.74 for the fourth quarter of 2025. On an adjusted basis, continuing EPS reached $2.86, representing a year-on-year increase of 10 percent. For the full year 2025, the company generated $3.2 billion in cash flow from continuing operating activities, while free cash flow totalled $2.9 billion, equivalent to 98 percent of adjusted net earnings.

During full-year 2025, Trane Technologies deployed or committed $3.2 billion in capital, including approximately $840 million in dividends, around $720 million for mergers and acquisitions, $1.5 billion toward share repurchases, and $150 million for debt reduction. The company stated that it intends to maintain a competitive and growing dividend and plans to return 100 percent of excess cash to shareholders over time.

Source: Trane