đ Carrier Global (NYSE:CARR) is in the midst of a game-changing transformation. With the recent sale of its Commercial Refrigeration business to Haier and a planned exit from the fire and security sectors, Carrier is laser-focused on becoming a streamlined leader in HVAC and transport refrigeration. This leaner Carrier is now positioned to capture high-margin markets, aligning with long-term trends in electrification, energy efficiency, and climate tech.
đ The key growth engine right now? North American Residential and Commercial HVAC, which delivered a solid 6% organic growth last quarter. Demand for data center cooling is surging, where Carrierâs advanced systems play a critical role in maintaining essential tech infrastructure. Carrier has also achieved double-digit aftermarket growth, providing stable, recurring revenue and strengthening customer relationships.
đ Carrierâs transformation doesnât stop at divestitures. The recent integration of Viessmann Climate Solutions, a leading German HVAC player, positions it for greater scale and synergy. Despite some short-term challenges, Viessmann is projected to add $200 million in revenue synergies by 2026, with immediate improvements from cross-selling and reduced operational costs.
đĄ Looking ahead, Carrier aims to boost its margins by cutting complexity and reallocating resources toward high-demand, sustainable solutions. Carrier also anticipates its share buyback programâup to $5 billion by the end of 2025âwill add strong shareholder value alongside organic growth.
đ Despite a dip in Q3 earnings, Carrierâs order backlog grew by over 20%, signaling robust demand for 2025. With a clear roadmap for growth, expanding market share, and a focus on sustainable solutions, Carrier is on track to deliver real long-term value.
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