Trane sounds the NYSE opening bell

USA: Trane Technologies has rung the New York Stock Exchange opening bell to celebrate its fifth year as an HVACR-focused company.

Following the spin-off of its Industrial segment, the company launched as Trane Technologies in 2020, and began trading under the ticker symbol “TT.” Since 2020, Trane Technologies has delivered a compound annual revenue growth rate of 12%; marked its fourth consecutive year of adjusted earnings per share growth exceeding 20%; and achieved a 5-year total shareholder return of 286% – three times the S&P 500.

To mark the successful five years, the company had the honour of ringing yesterday’s NYSE opening bell. The ringing of the NYSE bell is used to signal the opening or closing of the day’s trading.

“Five years ago, we boldly reimagined what Trane Technologies could achieve as a purpose-driven, sustainability-focused company,” said Dave Regnery, Trane Technologies’ chair and CEO.