Trane Technologies plc (TT) Q4 2022 Earnings Call Transcript

Trane Technologies plc (NYSE:TT) Q4 2022 Earnings Conference Call February 2, 2023 10:00 AM ET

Company Participants

Zachary Nagle - Investor Relations

David Regnery - Chair and Chief Executive Officer

Christopher Kuehn - Executive Vice President and Chief Financial Officer

Conference Call Participants

Julian Mitchell - Barclays

Gautam Khanna - Cowen

Joshua Pokrzywinski - Morgan Stanley

Chris Snyder - UBS

Joe Ritchie - Goldman Sachs

Steve Tusa - JPMorgan

Andy Kaplowitz - Citigroup

Nigel Coe - Wolfe Research

Deane Dray - RBC Capital

Brett Linzey - Mizuho

Andrew Obin - Bank of America

Operator

Good morning. Welcome to the Trane Technologies Q4 2022 Earnings Conference Call. My name is Lisa, and I will be your operator for the call. The call will begin in a few moments with the speaker remarks and the Q&A session.

[Operator Instructions] I will now turn the call over to Zac Nagle, Vice President of Investor Relations.

Zachary Nagle

Thanks, operator. Good morning and thank you for joining us for Trane Technologies fourth quarter 2022 earnings conference call. This call is being webcast on our website at tranetechnologies.com, where you'll find the accompanying presentation. We are also recording and archiving this call on our website.

Please go to Slide 2. Statements made in today's call that are not historical facts are considered forward-looking statements and are made pursuant to the safe harbor provisions of federal securities law. Please see our SEC filings for a description of some of the factors that may cause our actual results to differ materially from anticipated results.

This presentation also includes non-GAAP measures, which are explained in the financial tables attached to our news release. Joining me on today's call are Dave Regnery, Chair and CEO; and Chris Kuehn, Executive Vice President and CFO.

With that, I'll turn the call over to Dave. Dave?

David Regnery

Thanks, Zac, and everyone, for joining us on today's call. Let's turn to Slide 3. Before I dive in, I'd like to spend a few minutes on our purpose-driven strategy, which is drives our differentiated financial results and long-term shareholder value. Our strategy is aligned to powerful megatrends, like climate change which has serious and far-reaching effects on the environment, the economy and human health. 2022 was again one of the warmest years on record, and we continue to see extreme weather events. Urgent action is needed to accelerate our transition to a low carbon green economy. That's where Trane Technologies is uniquely positioned to lead. Our innovation is transforming the industry and accelerating decarbonization of commercial buildings, homes and transport. We're helping our customers advance their own sustainability goals. While contributing to our gigaton challenge, a pledge to reduce customers emissions by 1 billion metric tons by 2030. Our purpose driven strategy, relentless innovation and strong customer focus enables us to deliver a superior growth profile, strong margins and powerful free cash flow. The end result is strong value creation across the board, for our team, our customers, our shareholders, and for the planet.