Subtext

Trane Technologies plc TT

SectorIndustrials
Transcripts22
Date range2008-05-06 – 2025-04-30
Calls charted22

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-23-12+0+12+232008 Q12020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q12008 Q1 · Overall: +4.12020 Q1 · Overall: -2.12020 Q2 · Overall: +8.32020 Q3 · Overall: +11.92020 Q4 · Overall: +13.32021 Q1 · Overall: +16.12021 Q2 · Overall: +16.42021 Q3 · Overall: +15.52021 Q4 · Overall: +12.02022 Q1 · Overall: +18.92022 Q2 · Overall: +16.72022 Q3 · Overall: +15.82022 Q4 · Overall: +20.02023 Q1 · Overall: +18.72023 Q2 · Overall: +15.62023 Q3 · Overall: +18.62023 Q4 · Overall: +18.42024 Q1 · Overall: +11.12024 Q2 · Overall: +18.32024 Q3 · Overall: +19.42024 Q4 · Overall: +12.72025 Q1 · Overall: +13.7
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-37-18+0+18+372008 Q12020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q12008 Q1 · CEO: +4.72020 Q1 · CEO: +11.12020 Q2 · CEO: +8.22020 Q3 · CEO: +11.62020 Q4 · CEO: +17.32021 Q1 · CEO: +11.62021 Q2 · CEO: +20.62021 Q3 · CEO: +19.22021 Q4 · CEO: +15.72022 Q1 · CEO: +26.32022 Q2 · CEO: +27.22022 Q3 · CEO: +24.62022 Q4 · CEO: +25.32023 Q1 · CEO: +32.12023 Q2 · CEO: +19.32023 Q3 · CEO: +27.92023 Q4 · CEO: +26.62024 Q2 · CEO: +24.82024 Q3 · CEO: +27.62024 Q4 · CEO: +17.72025 Q1 · CEO: +24.62008 Q1 · CFO: +8.12020 Q1 · CFO: +7.02020 Q2 · CFO: +14.32020 Q3 · CFO: +18.52020 Q4 · CFO: +13.02021 Q1 · CFO: +28.72021 Q2 · CFO: +18.72021 Q3 · CFO: +15.42021 Q4 · CFO: +11.22022 Q1 · CFO: +19.42022 Q2 · CFO: +19.22022 Q3 · CFO: +12.62022 Q4 · CFO: +22.42023 Q1 · CFO: +18.72023 Q2 · CFO: +22.52023 Q3 · CFO: +19.02023 Q4 · CFO: +17.82024 Q2 · CFO: +20.02024 Q3 · CFO: +19.62024 Q4 · CFO: +14.32025 Q1 · CFO: +10.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-44-22+0+22+442008 Q12020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q12008 Q1 · Prepared remarks: +9.42020 Q1 · Prepared remarks: +2.32020 Q2 · Prepared remarks: +15.32020 Q3 · Prepared remarks: +20.32020 Q4 · Prepared remarks: +19.72021 Q1 · Prepared remarks: +28.42021 Q2 · Prepared remarks: +25.52021 Q3 · Prepared remarks: +28.22021 Q4 · Prepared remarks: +23.12022 Q1 · Prepared remarks: +29.12022 Q2 · Prepared remarks: +31.02022 Q3 · Prepared remarks: +25.32022 Q4 · Prepared remarks: +26.02023 Q1 · Prepared remarks: +30.32023 Q2 · Prepared remarks: +22.62023 Q3 · Prepared remarks: +31.12023 Q4 · Prepared remarks: +25.42024 Q1 · Prepared remarks: +38.12024 Q2 · Prepared remarks: +37.22024 Q3 · Prepared remarks: +36.22024 Q4 · Prepared remarks: +30.52025 Q1 · Prepared remarks: +28.52008 Q1 · Q&A responses: -4.52020 Q1 · Q&A responses: -6.32020 Q2 · Q&A responses: +7.22020 Q3 · Q&A responses: +8.12020 Q4 · Q&A responses: +10.52021 Q1 · Q&A responses: +12.92021 Q2 · Q&A responses: +13.42021 Q3 · Q&A responses: +10.52021 Q4 · Q&A responses: +8.62022 Q1 · Q&A responses: +18.52022 Q2 · Q&A responses: +17.42022 Q3 · Q&A responses: +14.92022 Q4 · Q&A responses: +21.22023 Q1 · Q&A responses: +22.72023 Q2 · Q&A responses: +17.22023 Q3 · Q&A responses: +17.72023 Q4 · Q&A responses: +21.52024 Q1 · Q&A responses: +12.82024 Q2 · Q&A responses: +15.62024 Q3 · Q&A responses: +16.92024 Q4 · Q&A responses: +9.92025 Q1 · Q&A responses: +14.2
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.96$8.20$13.432008 Q12020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q12020 Q1: $5.242020 Q2: $3.692020 Q3: $4.432020 Q4: $5.152021 Q1: $5.622021 Q2: $6.482021 Q3: $6.792021 Q4: $7.002022 Q1: $7.252022 Q2: $7.482022 Q3: $7.642022 Q4: $7.882023 Q1: $8.552023 Q2: $8.872023 Q3: $9.512023 Q4: $10.032024 Q1: $10.512024 Q2: $11.162024 Q3: $11.982024 Q4: $12.71

Forward P/E

14.6323.4232.212008 Q12020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q12020 Q1: 15.842020 Q2: 24.932020 Q3: 27.532020 Q4: 26.912021 Q1: 29.502021 Q2: 28.142021 Q3: 27.552021 Q4: 28.832022 Q1: 21.592022 Q2: 17.092022 Q3: 20.962022 Q4: 22.402023 Q1: 20.872023 Q2: 20.462023 Q3: 21.812023 Q4: 23.732024 Q1: 27.202024 Q2: 30.952024 Q3: 31.002024 Q4: 29.78

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2020 Q2 tone ↑ +10.5 fwd EPS ↓ -1.56 Tone rose while the forward EPS estimate was cut.
  • 2021 Q4 tone ↓ -3.5 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -2.2 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -3.1 fwd EPS ↑ +0.31 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -7.3 fwd EPS ↑ +0.48 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↓ -6.8 fwd EPS ↑ +0.73 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-30+13.7——View →
2024 Q42025-01-30+12.7$12.7129.8View →
2024 Q32024-10-30+19.4$11.9831.0View →
2024 Q22024-07-31+18.3$11.1630.9View →
2024 Q12024-04-30+11.1$10.5127.2View →
2023 Q42024-02-01+18.4$10.0323.7View →
2023 Q32023-11-01+18.6$9.5121.8View →
2023 Q22023-08-02+15.6$8.8720.5View →