TT — what changed in the latest 10-Q
A section-by-section comparison of TT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +25 | −25 | ~44 | 71 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 4 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 3 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +3 | −3 | ~3 | 8 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
In October 2026, the Company announced its intent to acquire Cancoil Thermal Corporation, a manufacturer of specialized heat-transfer products and current supplier to our business that will be reported in the Americas segment from its date of acquisition. This acquisition is expected to close no lat…
The increase in organic revenue was primarily driven by higher volumes led by strong demand within our Commercial HVAC, Transport refrigeration, and Residential businesses and realization of price increases.
The increase in revenue from acquisitions primarily related to acquisitions completed in the first half of 2026.
Segment Adjusted EBITDA margin for the three months ended September 30, 2026 and 2025 increased by 40 basis points to 23.5% compared to 23.1% for the same period of 2025, primarily due to productivity and pricing, partially offset by inflation and investments.
Net revenues for the three months ended September 30, 2026 increased by 0.8% or $6.2 million, compared with the same period of 2025.
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Segment Adjusted EBITDA margin for the three months ended June 30, 2026 and 2025 decreased by 50 basis points to 23.5% compared to 24.0% for the same period of 2025, primarily due to inflation and investments, partially offset by productivity and pricing.
The increase in organic revenue was primarily driven by higher volumes.
Segment Adjusted EBITDA margin for the three months ended June 30, 2026 decreased by 150 basis points to 21.8% compared to 23.3% for the same period of 2025 primarily due to inflation, partially offset by gross productivity and higher volume.
Six Months Ended June 30, 2026 Compared to the Six Months Ended June 30, 2025 - Consolidated Results
Net revenues for the six months ended June 30, 2026 increased by 8.5%, or $888.0 million, compared with the same period in 2025, which resulted from the following:
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-29
(3) This figure includes a grant of 6,476 unvested PSUs that are expected to vest during the term of the 10b5-1 plan, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award amount, subject to the achievemen…
(4) This figure includes a grant of 23,684 unvested PSUs that are expected to vest during the term of the 10b5-1 plan, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award amount, subject to the achieveme…
(5) This figure includes a grant of 556 unvested PSUs that are expected to vest during the term of the 10b5-1 plan, which are assumed to vest at 100% of the target award amount. The actual number of PSUs that may vest can vary between 0% - 200% of the target award amount, subject to the achievement …
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Credit Agreement dated April 23, 2026 among Trane Technologies Holdco Inc., Trane Technologies Financing Limited, Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Company LLC Trane Technologies Irish Holdings Unlimited Company, Trane Technolog…
Incorporated by reference to Exhibit 10.1 to the Company's Form 8-K (File No. 001-34400) filed with the SEC on April 24, 2026.
Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K (File No. 001-34400) filed with the SEC on June 10, 2026.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice