Trane Technologies plc Earnings Per Share Disclosure
| In millions | 2025 | 2024 | 2023 | |||||||||||||||||
| Weighted-average number of basic shares outstanding | 223.0 | 226.2 | 228.6 | |||||||||||||||||
| Shares issuable under incentive share plans | 1.9 | 2.2 | 2.1 | |||||||||||||||||
| Weighted-average number of diluted shares outstanding | 224.9 | 228.4 | 230.7 | |||||||||||||||||
| Anti-dilutive shares | 0.3 | — | 0.4 | |||||||||||||||||
| Dividends declared per ordinary share | $ | 3.76 | $ | 3.36 | $ | 3.00 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 5, 2026 | Showing above |
| 2024 | Feb 6, 2025 | |
| 2023 | Feb 8, 2024 | |
| 2022 | Feb 10, 2023 | |
| 2021 | Feb 7, 2022 | |
| 2020 | Feb 9, 2021 | |
| 2019 | Feb 18, 2020 | |
| 2018 | Feb 12, 2019 | |
| 2017 | Feb 12, 2018 | |
| 2016 | Feb 13, 2017 | |
| 2015 | Feb 12, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.