FORM 10-Q CARRIER GLOBAL CORPORATION Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition ...

Carrier Global Corporation Conference Call Summary Company Overview - **Company**: Carrier Global Corporation (NYSE:CARR) - **Industry**: HVAC, Fire & Security, Refrigeration - **Key Participants**: Patrick Goris (CFO), Samuel Pearlstein (VP Investor Relations) [1][2] Core Company Insights - Carrier has been an independent public company for less than three years and is positioned as an attractive investment opportunity due to its iconic brands and leading market positions [3][4] - The company operates in three segments: HVAC, Fire & Security, and Refrigeration, all focused on improving energy efficiency and driving aftermarket growth [5][6] - Carrier is committed to ESG excellence, helping customers achieve carbon emission reduction goals [5][17] Financial Performance and Growth Strategy - The company aims for double-digit EPS growth through the cycle, with a focus on above-market organic revenue growth and margin expansion [7][8] - Current aftermarket business is estimated at $5 billion, with potential annual revenue from the installed base being 4-5 times larger, indicating significant growth opportunities [10][11] - Carrier targets a 2-3% annual reduction in its cost base, having achieved $300 million in cost savings last year and plans to do the same this year [12] Market Trends and Opportunities - The company is benefiting from secular tailwinds such as the move towards electrification and increased government incentives for sustainable technologies, particularly in the U.S. and Western Europe [9][17] - The Inflation Reduction Act in the U.S. and various incentives in Europe are expected to drive demand for heat pumps and energy-efficient units [9][51][53] Residential HVAC Insights - Residential HVAC sales are expected to be flat for the year, with a decline in volumes offset by price increases and a shift towards higher-priced, more efficient units [20][21] - The company anticipates destocking in the second half of the year due to higher inventory levels at the end of 2022 [22][23] Acquisitions and Portfolio Management - Carrier has simplified its portfolio since its spin-off in 2020, selling non-core assets and making strategic acquisitions, including the buyout of Toshiba Carrier [13][36] - The acquisition of Toshiba provides direct access to VRF technology and compressor technology, enhancing Carrier's competitive position in the heat pump market [36][38] Heat Pump Market Position - Carrier has a leading position in the U.S. residential heat pump market, with direct sales estimated at $2 billion, and plans to expand in Europe [44][53] - The profitability of heat pumps is higher than traditional HVAC systems, with heat pumps typically replacing legacy boilers at a significantly higher price point [57] Commercial HVAC and Applied Business - The commercial HVAC segment is expected to grow mid- to high single digits, with strong demand and a healthy backlog [62] - The company is not currently facing capacity issues but is monitoring supply chain dynamics [64] Refrigeration Business Outlook - The North America truck/trailer segment is projected to grow over 10% this year, driven by strong order intake and a shift towards electrification [69] Conclusion - Carrier is well-positioned to capitalize on market trends towards sustainability and energy efficiency, with a strong focus on aftermarket growth, cost reduction, and strategic acquisitions to enhance its competitive edge [18][19]

Carrier Global Corporation (NYSE:CARR) J.P. Morgan 2023 Industrials Conference March 15, 2023 3:50 PM ET Company Participants David Gitlin - CEO Samuel Pearlstein - Head, IR Conference Call Participants Steve Tusa - JPMorgan Steve Tusa Okay. I think this is the last one of the day at least for me. We're finishing out here with Carrier and CEO, Dave Gitlin, as well as Samuel Pearlstein, IR rep. Dave's going to open it up with a few comments, and then we'll go right to Q&A. Dave? David Gitlin Steve, thanks so ...

Carrier Global Corporation (NYSE:CARR) Barclays Industrial Select Conference February 23, 2023 10:20 AM ET Company Participants Dave Gitlin - Chairman and CEO Conference Call Participants Julian Mitchell - Barclays Julian Mitchell Okay. We'll get going now with Carrier Global. It's my pleasure to introduce Dave Gitlin, Chairman and CEO; and also Samuel Pearlstein, Investor Relations. Dave will start off with a couple of prepared remarks, and then we'll go into questions. Dave Gitlin As you know, we just rel ...

Carrier Global Corporation (NYSE:CARR) Q4 2022 Results Conference Call February 7, 2023 8:00 AM ET Company Participants Samuel Pearlstein - Head of IR David Gitlin - Chairman and Chief Executive Officer Patrick Goris - Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Joe Ritchie - Goldman Sachs Jeffrey Sprague - Vertical Research Partners Nigel Coe - Wolfe Research Joshua Pokrzywinski - Morgan Stanley Brett Linzey - Mizuho Securities Deane Dray - RBC Capital Markets Steve Tus ...

Index Page Carrier Global Corporation and its subsidiaries' names, abbreviations thereof, logos and product and service designators are all either the registered or unregistered trademarks or trade names of Carrier Global Corporation and its subsidiaries. Names, abbreviations of names, logos and products and service designators of other companies are either the registered or unregistered trademarks or trade names of their respective owners. As used herein, the terms "we," "us," "our," "the Company" or "Carr ...

Carrier Global Corporation (NYSE:CARR) Stephens Annual Investment Conference 2022 Call November 15, 2022 3:00 PM ET Company Participants David Gitlin - Chairman and Chief Executive Officer Patrick Goris - Senior Vice President and Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Inc. Tommy Moll Good afternoon, everyone. I'm Tommy Moll, Equity Research Analyst here at Stephens Inc. I appreciate and we appreciate everyone's attending our conference this week. We also appreciate the t ...

Carrier Global Corporation (NYSE:CARR) Q3 2022 Results Conference Call October 27, 2022 7:30 AM ET Company Participants Sam Pearlstein - Vice President of Investor Relations David Gitlin - Chairman and Chief Executive Officer Patrick Goris - Chief Financial Officer Conference Call Participants Jeffrey Sprague - Vertical Research Partners Nigel Coe - Wolfe Research Julian Mitchell - Barclays Deane Dray - RBC Capital Markets Joe Ritchie - Goldman Sachs Gustavo Gonzalez - Morgan Stanley Tommy Moll - Stephens B ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39220 ____________________________________ CARRIER GLOBAL CORPORATION (Exact n ...

Carrier Global Corporation (NYSE:CARR) Morgan Stanley 10th Annual Laguna Conference Call September 14, 2022 3:50 PM ET Company Participants David Gitlin - Chairman & Chief Executive Officer Conference Call Participants Joshua Pokrzywinski - Morgan Stanley Joshua Pokrzywinski Good afternoon, everybody. Welcome back. We're going to keep things going here with Carrier. Joining me onstage, I have Dave Gitlin, Chairman and CEO; and Sam Pearlstein, Vice President of Investor Relations. Guys, thanks for joining us ...