Trane Technologies plc. (TT) Q3 2022 Earnings Call Transcript

Trane Technologies plc. (NYSE:TT) Q3 2022 Earnings Conference Call November 1, 2022 10:00 AM ET

Company Participants

Zachary Nagle - VP, IR

David Regnery - Chairman & CEO

Christopher Kuehn - EVP & CFO

Conference Call Participants

Andy Kaplowitz - Citigroup

John Walsh - Credit Suisse

Scott Davis - Melius Research

Julian Mitchell - Barclays

Joe Ritchie - Goldman Sachs

Gautam Khanna - Cowen

Steve Tusa - JPMorgan

Nigel Coe - Wolfe Research

Jeff Sprague - Vertical Research

Deane Dray - RBC Capital

Joe O'Dea - Wells Fargo

Operator

Good morning. Welcome to the Trane Technologies Third Quarter 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 third 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 number three. Before I dive into our quarterly results, I'd like to spend a few minutes on our purpose-driven strategy, which is the engine behind our differentiated financial performance and shareholder returns. Our strategy is aligned to powerful megatrends, like climate change and the crucial need for climate action.

Last week, United Nations released its emission GAAP report 2022, calling for urgent transformation to avoid climate disaster. The report cites critical actions needed, including efforts to scale 0 emission heating and cooling technologies and to decarbonize the food supply chain. That's where Trane Technologies has a unique position to make a difference.