Trane Technologies plc (TT) Q1 2023 Earnings Call Transcript

Trane Technologies plc (NYSE:TT) Q1 2023 Results Conference Call May 3, 2023 10:00 AM ET

Company Participants

Zac Nagle - Head of IR

Dave Regnery - Chair and CEO

Chris Kuehn - Executive Vice President and CFO

Conference Call Participants

Scott Davis - Melius

Andy Kaplowitz - Citigroup

Julian Mitchell - Barclays

Gautam Khanna - TD Cowen

Josh Pokrzywinski - Morgan Stanley

Chris Snyder - UBS

Joe Ritchie - Goldman Sachs

Steve Tusa - JPMorgan

Jeff Sprague - Vertical Research

Nigel Coe - Wolfe Research

Deane Dray - RBC Capital Markets

Andrew Obin - Bank of America

Nicole DeBlase - Deutsche Bank

Noah Kaye - Oppenheimer

Operator

Good morning. Welcome to the Trane Technologies First Quarter 2023 Earnings Conference Call. My name is Brent, 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. At this time, all participants are in a listen-only mode. [Operator Instructions]

It is now my pleasure to turn the call over to Zac Nagle, Vice President of Investor Relations.

Zac Nagle

Thanks, operator. Good morning, and thank you for joining us for Trane Technologies' first quarter 2023 earnings conference call. This call is being webcast on our website at tranetechnologies.com, where you'll find the accompanying presentation. We're 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?

Dave Regnery

Thanks, Zach, and everyone, for joining us on today's call. I want to begin with a few thoughts on our purpose-driven strategy, which enables us to drive differentiated financial results and shareholder returns over the long term. Our strategy is aligned to powerful megatrends like climate change, which continues to have serious and far-reaching effects on the environment, the economy and human health. Urgent action is needed to limit global warming and preserve our planet for next generations. That's where Trane Technologies is uniquely positioned to lead. We just released our latest ESG report, which highlights how our innovation is helping our customers decarbonize their operations, save energy and improve performance.