特灵科技 2025年度报告

-IRAN -TECHNOLOGIES"' To boldly challenge what's possiblefor a sustainable world.To boldly challenge what’s possiblefor a sustainable world. External Recognition & RankingsExternal Recognition & Rankings Fortune World's Most Admired Companies•14 consecutive yearsFortune World’s Most Admired Companies•14 consecutive years CDP Climate A ListCDP Climate A List •4 consecutive years on the A List•4 consecutive years on the A List Fortune Best Workplacesfor Manufacturing & Production*•2 consecutive yearsFortune Best Workplacesfor Manufacturing & Production*•2 consecutive years Just Capital Best of American BusinessJust Capital Best of American Business •Ranked 17th overall on JUST 100; 5 consecutiveyears on list•Industry leader for 3 consecutive years•Ranked 17th overall on JUST 100; 5 consecutiveyears on list•Industry leader for 3 consecutive years TIME World's Most Sustainable CompaniesRanked 20th overallTIME World’s Most Sustainable Companies•Ranked 20th overall Ethisphere World's Most Ethical Companies°•3 consecutive yearsEthisphere World’s Most Ethical Companies®•3 consecutive years A Letter from Our Board of DirectorsA Letter from Our Board of Directors Dear Fellow Shareholders:Dear Fellow Shareholders: As stewards of Trane Technologies' long-term success, it is our privilege to report on the company's achievements in 2025 and share ourconfidence in the future.As stewards of Trane Technologies’ long-term success, it is our privilege to report on the company’s achievements in 2025 and share ourconfidence in the future. Demand for sustainable, resilient infrastructure is accelerating, driven by the data economy, rising energy use and the need for efficient andreliable systems. Trane Technologies is at the forefront of this transformation. Our advanced solutions reduce energy consumption, improveoperational performance and generate strong return on investment for our customers.Demand for sustainable, resilient infrastructure is accelerating, driven by the data economy, rising energy use and the need for efficient andreliable systems. Trane Technologies is at the forefront of this transformation. Our advanced solutions reduce energy consumption, improveoperational performance and generate strong return on investment for our customers. Amid a dynamic global operating environment, Trane Technologies once again achieved strong financial results in 2025. Highlights include:Amid a dynamic global operating environment, Trane Technologies once again achieved strong financial results in 2025. Highlights include: •Reported revenues of $21.3 billion, up 7%; organic revenue growth of 6%*•Adjusted earnings per share growth of 16%*•Powerful free cash flow conversion of 98%*•Reported revenues of $21.3 billion, up 7%; organic revenue growth of 6%*•Adjusted earnings per share growth of 16%*•Powerful free cash flow conversion of 98%* Since launching Trane Technologies in 2020, we have delivered compound annual revenue growth of 11%, strong margin expansion, andcompound annual adjusted earnings per share growth of 24%. Our disciplined approach to capital allocation, including consistent dividendgrowth, meaningful share repurchases and strategic acquisitions, continues to enhance shareholder value.Since launching Trane Technologies in 2020, we have delivered compound annual revenue growth of 11%, strong margin expansion, andcompound annual adjusted earnings per share growth of 24%. Our disciplined approach to capital allocation, including consistent dividendgrowth, meaningful share repurchases and strategic acquisitions, continues to enhance shareholder value. Sustainability remains a defining competitive advantage for Trane Technologies, and in 2025 we delivered meaningful progress across our2030 Sustainability Commitments.Sustainability remains a defining competitive advantage for Trane Technologies, and in 2025 we delivered meaningful progress across our2030 Sustainability Commitments. •As part of our Gigaton Challenge, we launched 110 new products designed to reduce energy use and emissions. Since our 2019 baseline,we have reduced customer emissions by 331 million metric tons toward our commitment to eliminate one gigaton by 2030.•Leading by Example, we continued to reduce our operational emissions, now down 59% since 2019 and ahead of our 2030 goal of a 50%reduction. We also published new circularity impact metrics, an industry first, with a commitment to generate 10% of revenues from circularproducts and services and to more than double the use of circular materials by 2030.•Through Opportunity for All, we continued to invest in people and communities, highlighted by the opening of our Advanced TechnologyTraining Center for service technicians, and more than 100,000 employee volunteer hours in our communities.•As part of our Gigaton Challenge, we launched 110 new products designed to reduce energy use and emissions. Since our 2019 baseline,we have reduced customer emissions by 331 million metric tons towa