Trane Technologies (TT) risk factors: FY2025 10-K

1. Our global operations subject us to economic risks.
2. Commodity and raw material shortages, supply chain risks and price increases could adversely affect our financial results.
3. We face significant competition in the markets that we serve.
4. Our growth is dependent, in part, on the timely development, commercialization and acceptance of new and enhanced products and services.
5. Capital and credit market conditions could adversely affect our business operations, investments, and financial performance.
6. Currency exchange rate fluctuations and other related risks may adversely affect our results.
7. Changes in U.S. or foreign trade policies and other factors beyond our control may adversely impact our business and operating results.
8. World geopolitical conflicts have created humanitarian crises, materially impacted economic activities, and may materially impact our global and regional operations.
9. The full extent to which public health crises will affect us will depend on future developments that are highly uncertain and cannot be accurately predicted.reworded

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1. Material adverse legal judgments, fines, penalties or settlements could adversely affect our results of operations, and our financial condition.reworded
2. The Aldrich and Murray Chapter 11 cases involve various risks and uncertainties that could have a material effect on us.

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1. We are subject to risks relating to our information technology systems.
2. Security breaches or disruptions of the technology systems, infrastructure or products of the Company or our vendors could negatively impact our business and financial results.Cybersecurity
3. Data privacy and protection laws are evolving and present increasing compliance challenges.
4. Intellectual property infringement claims of others and the inability to protect our intellectual property rights could harm our competitive position.

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1. Our reputation, ability to do business and results of operations could be impaired by improper conduct by any of our employees, agents, business partners, or other third parties.reworded
2. Our operations are subject to regulatory risks.
3. Global climate change and related regulations could negatively affect our business.
4. Failure to achieve our sustainability commitments, address stakeholder expectations related to sustainability, or meet evolving legal requirements related to sustainability could harm our reputation, business operations, and financial performance.new

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1. Our business strategy includes acquiring businesses, product lines, technologies and capabilities, plants and other assets, entering into joint ventures and making investments that complement our existing businesses. We also occasionally divest businesses that we own. We may not identify acquisition or joint venture candidates or investment opportunities at the same rate as the past. Acquisitions, dispositions, joint ventures and investments that we identify could be unsuccessful or consume significant resources, which could adversely affect our operating results.
2. Natural disasters or other unexpected catastrophic events may disrupt our operations and our supply chain, and may adversely affect our results of operations and financial condition, and may not be fully covered by insurance.reworded
3. Our business success depends on attracting, developing, and retaining highly qualified talent.
4. Our business may be adversely affected by temporary work stoppages, union negotiations, labor disputes and other matters associated with our labor force.

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1. Changes in tax or other laws, regulations or treaties, changes in our status under U.S. or non-U.S. laws or adverse determinations by taxing or other governmental authorities could increase our tax burden or otherwise affect our financial condition or operating results, as well as subject our shareholders to additional taxes.

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1. Irish law differs from the laws in effect in the United States and may afford less protection to holders of our securities.
2. Dividends and share repurchases are subject to uncertainty and could be modified, accelerated, or discontinued, which could affect the price of our common stock.
3. Dividends received by our shareholders may be subject to Irish dividend withholding tax.
4. Dividends received by our shareholders could be subject to Irish income tax.

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Headings in the FY2024 10-K with no match this year.

1. If the Distribution as part of our Reverse Morris Trust Transaction is determined to be taxable for Irish tax purposes, significant Irish tax liabilities may arise for the Spin-off Shareholders.
2. If the Distribution together with certain related transactions do not qualify as tax-free under Sections 355 and 368(a) of the Internal Revenue Code, including as a result of subsequent acquisitions of stock of the Company or Ingersoll Rand, then the Company and the Spin-off Shareholders may be required to pay substantial U.S. federal income taxes, and Ingersoll Rand may be obligated to indemnify the Company for such taxes imposed on the Company.
3. If the merger does not qualify as a tax-free reorganization under Section 368(a) of the Code, the Spin-off Shareholders may be required to pay substantial U.S. federal income taxes.