(Editor's Note: This article should have published on June 20, 2025, but was delayed due to a technical issue)
By Al Root
Trane Technologies
Dave Regnery has run Trane Technologies, a maker of heating, ventilation, and air-conditioning equipment, since 2021. Trane shares have returned an impressive 25% annually during his tenure, well ahead of the S&P 500 index's 10.3% return in the same span.
A focus on sustainability has helped. Air conditioning and refrigeration, two industries in which Trane works, contribute roughly a quarter of the world's greenhouse-gas emissions. While cutting emissions is considered a good thing, anyone paying an electric bill in the summer understands that improving efficiency matters. Trane takes on both tasks, selling money-saving sustainability solutions.
Business execution and capital allocation have also helped. The company's operating profit margins were about 12% in 2020. They are expected to be about 18% in 2025. Research and development spending has also grown -- to $310 million in 2024 from $165 million in 2020.
"Our ability to consistently deliver leading financial performance while advancing our sustainability commitments and building an inclusive, uplifting culture demonstrates there is no trade-off," says Regnery, 62.
(END) Dow Jones Newswires
June 23, 2025 21:33 ET (01:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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